Content management company Box reported fourth-quarter results late Wednesday that beat analyst estimates, as did its first-quarter outlook. Box stock climbed.
The company reported adjusted earnings of 24 cents a share on revenue of $233.4 million. Analysts expected Box to report earnings of 23 cents a share on revenue of $228.9 million, according to FactSet.
Box stock rose 6% to 27.55 during after-hours trading on the stock market today.
The company expects first-quarter revenue to be in the range of $233 million to $235 million. The midpoint of $234 million is above analyst estimates of $230 million.
"Our strong execution in FY22 and continued business momentum give us confidence in our ability to drive continued growth while delivering the industry's leading content cloud platform to our customers." Chief Executive Aaron Levie said in written remarks with the Box earnings release.
The company specializes in the field of cloud-based business collaboration and content management services and software.
Founded in 2005, Box held its initial public offering in January 2015, pricing Box stock at 14.
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