{"id":37061,"date":"2018-11-30T07:34:36","date_gmt":"2018-11-30T07:34:36","guid":{"rendered":"http:\/\/icloud.pe\/blog\/?guid=302f61ea6b556486fd57b050d620e674"},"modified":"2018-11-30T07:34:36","modified_gmt":"2018-11-30T07:34:36","slug":"box-isnt-losing-as-much-money-as-expected-and-builds-customer-base","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/box-isnt-losing-as-much-money-as-expected-and-builds-customer-base\/","title":{"rendered":"Box isn&#8217;t losing as much money as expected, and builds customer base"},"content":{"rendered":"<p><span class=\"field field-name-field-author field-type-node-reference field-label-hidden\"><br \/>\n      <span class=\"field-item even\"><a href=\"https:\/\/www.cloudpro.co.uk\/authors\/clare-hopping\">Clare Hopping<\/a><\/span><br \/>\n  <\/span><\/p>\n<div class=\"field field-name-field-published-date field-type-datetime field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\"><span class=\"date-display-single\">30 Nov, 2018<\/span><\/div>\n<\/p><\/div>\n<\/div>\n<p class=\"short-teaser\">\n<a href=\"https:\/\/www.cloudpro.co.uk\/\" title=\"\" class=\"combined-link\"><\/a><\/p>\n<div class=\"field field-name-body\">\n<p> Box has revealed smaller than expected losses and managed to substantially grow its user base, despite rather bleak analyst estimates.<\/p>\n<p>The company posted its quarterly results this week, revealing it now has more than 90,000 paying customers &#8211; up from 87,000 last quarter and this has had a significant impact on its profits.<\/p>\n<p>The company posted revenues of $155.9 million for the quarter, up 21% year-on-year, with billings for the period at $155.6 million, an increase of 10% compared to the previous quarter. Nevertheless, Box posted a loss of $39.5 million, namely because if is still focussing on growth rather than consolidation, but its losses were less than the same\u00a0quarter 12 months ago.\u00a0<\/p>\n<p>\u201cOur solution selling strategy continues to gain momentum with strong attach rates for add-on products and large deal growth in the third quarter,\u201d Aaron Levie, co-founder and CEO of Box said.<\/p>\n<p>\u201cWith more than 90,000 customers, including BBVA Compass, National Bank of Canada, and Shiseido Company, Box continues to expand its role as a strategic technology partner to power digital transformation for enterprises.\u201d<\/p>\n<p>He added that the cloud company is meeting business demand for a single, open platform for cloud content management, coupled with enterprise-grade security and \u201cpowerful workflow capabilities.\u201d<\/p>\n<p>Box is predicting its revenues for the full fiscal year will be between $608.2 million to $609.2 million, much higher than analyst predictions of $607.5 million.<\/p>\n<p>\u201cWith more than 40% growth in deals worth more than $100K and our attach rate for add-on products increasing to over 80% of these deals, we are capturing our market opportunity while driving continued leverage for long-term growth,\u201d Dylan Smith, co-founder and CFO of Box added. <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>      Clare Hopping<\/p>\n<p>        30 Nov, 2018    <\/p>\n<p>       Box has revealed smaller than expected losses and managed to substantially grow its user base, despite rather bleak analyst estimates.<br \/>\nThe company posted its quarterly results this week, revea&#8230;<\/p>\n","protected":false},"author":400,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-37061","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/37061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/400"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=37061"}],"version-history":[{"count":1,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/37061\/revisions"}],"predecessor-version":[{"id":37062,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/37061\/revisions\/37062"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=37061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=37061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=37061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}