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Wednesday, February 27, 2019

=Box (BOX) reported earnings on Wed 27 Feb 19 (a/h)



Box beats by $0.04, reports revs in-line; guides Q1 EPS below consensus, revs below consensus; guides FY20 EPS below consensus, revs below consensus
  • Reports Q4 (Jan) earnings of $0.06 per share, $0.04 better than the S&P Capital IQ Consensus of $0.02; revenues rose 19.8% year/year to $163.7 mln vs the $164.16 mln S&P Capital IQ Consensus.
  • Billings for the fourth quarter of fiscal year 2019 were $237.7 million, an increase of 16% from the fourth quarter of fiscal year 2018.
  • Co issues downside guidance for Q1, sees EPS of ($0.29)-($0.28) vs. ($0.01) S&P Capital IQ Consensus; sees Q1 revs of $161-$162 mln vs. $169.81 mln S&P Capital IQ Consensus.
  • Co issues downside guidance for FY20, sees EPS of ($0.03)-$0.01 vs. $0.03 S&P Capital IQ Consensus; sees FY20 revs of $700-$704 mln vs. $732.76 mln S&P Capital IQ Consensus.
  • Commentary: "While our Q4 billings results were below our expectations -- driven by underperformance in EMEA and longer sales cycles for some seven-figure deals -- we are encouraged by overall customer momentum and demand for cloud content management. Looking to FY20, we are confident that our leadership position enables us to disrupt the legacy content management market and help our customers accelerate their digital transformation."

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