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Box, Inc. (NYSE: BOX) is a leading cloud content management company that empowers enterprises to revolutionize their work by securely connecting their people, information, and applications. Founded in 2005, Box has grown to power more than 87,000 businesses globally, including industry giants like AstraZeneca, General Electric, Procter & Gamble, and The Gap. Headquartered in Redwood City, California, Box has a global presence with offices across the United States, Europe, and Asia.
Box provides a robust, cloud-based content services platform that offers storage and workflow collaboration services tailored for enterprise customers. Initially recognized as a file-sync and sharing provider, Box has significantly expanded its product portfolio to meet evolving business needs. Recent enhancements include advanced tools for governance, data protection, and e-signature capabilities, which streamline workflow management and promote seamless collaboration.
The company's mission is to secure and simplify the management of content for organizations of all sizes. By integrating with major applications and providing strong data protection, Box ensures that enterprises can operate efficiently and securely. Box's innovative solutions continue to set industry standards, providing clients with the tools they need to succeed in a digital-first world.
Recent Achievements and Current Projects:
- Enhanced security features ensuring compliance with global data protection regulations.
- Introduction of new e-signature capabilities to streamline document workflows.
- Expanded partnerships with leading companies to broaden the ecosystem of integrated applications.
- Ongoing development of AI-driven tools to improve content management and accessibility.
With a track record of robust financial performance and a commitment to innovation, Box stands as a pivotal player in the cloud content management sector, delivering valuable solutions to companies worldwide.
For the latest updates and detailed information about Box, Inc., visit Box's official website.
Box, a leader in cloud content management (NYSE:BOX), will host a webcast presentation on April 14, 2021, at 10:00 AM PT, featuring co-founders Aaron Levie and Dylan Smith. The discussion will focus on Box's comprehensive platform designed for the entire content lifecycle, emphasizing security and collaboration in the Content Cloud. Brian Peterson from Raymond James will moderate the event, which can be accessed live or via replay for 90 days through www.box.com/investors.
Box, the leading Content Cloud, has secured a $500 million investment from KKR, a global investment firm, through convertible preferred stock. This strategic funding aims to enhance Box's growth and digital transformation initiatives. The majority of proceeds will finance a self-tender offer for up to $500 million of Box's common stock, commencing after the fiscal first quarter results in May 2021. Additionally, John Park from KKR will join Box's Board of Directors. Box reaffirms its growth targets, expecting revenue growth of 12-16% and operating margins of 23-27% by fiscal 2024.
Box, Inc. (NYSE: BOX) has appointed Sebastien Marotte as President of Box Europe, the Middle East, and Africa (EMEA), effective June 7, 2021. This strategic move emphasizes Box's commitment to expanding its international presence. Marotte brings over 30 years of experience in software, notably from Google Cloud, where he significantly contributed to growth in the EMEA region. His expertise aligns with the increasing demand for cloud content management solutions, following the pandemic's urgency for digital transformation.
Box, the leading Content Cloud, announced that co-founders Aaron Levie (CEO) and Dylan Smith (CFO) will participate in a webcast hosted by Oppenheimer & Co. on March 22, 2021, at 8:30 AM PT/11:30 AM ET. They will discuss Box’s platform aimed at securing content and enhancing collaboration throughout the content lifecycle. The event will be moderated by Ittai Kidron and available for live viewing at www.box.com/investors with a replay accessible for 90 days post-event.
Box (NYSE: BOX) has announced new integrations with Microsoft 365, enhancing secure cloud collaboration. Key updates include improved functionality in Microsoft Teams, enabling users to create and manage Box files directly within the app. Additionally, Box introduced new security integrations with Azure Information Protection and expanded support for Microsoft Office Online. These enhancements allow compliance for government agencies and increase file size limits for collaboration. The Box Connector for Microsoft Graph will streamline content access across Microsoft applications.
Box (NYSE: BOX), a leader in cloud content management, will present at William Blair’s 5th Annual Tech Innovators Conference on March 11, 2021, at 3:00 PM ET. The event will feature co-founder and CEO Aaron Levie and co-founder and CFO Dylan Smith. It will be webcast live and available for replay for 90 days after the event. Box, founded in 2005, helps organizations streamline processes and enhance collaboration while protecting vital data. The company serves global clients like AstraZeneca and Morgan Stanley and is headquartered in Redwood City, CA.
Box, Inc. (NYSE:BOX) reported preliminary financial results for Q4 and FY2021, highlighting a revenue increase of 8% in Q4 to $198.9 million and an 11% growth for the fiscal year to $770.8 million. The company achieved a GAAP gross profit margin of 71% for both periods. Box's operating loss narrowed significantly, with a Q4 loss of $3.3 million compared to $28.6 million last year. Free cash flow surged to $41 million in Q4. FY2022 guidance indicates revenue of $840 million to $848 million. Box continues to innovate with product expansions and partnerships.
Box (NYSE:BOX) announced that its management team will present at the Morgan Stanley Technology, Media, and Telecom Conference on March 3, 2021, at 3:30 PM ET. Speakers include Aaron Levie, co-founder and CEO, and Dylan Smith, co-founder and CFO. The event will be webcast live and available for replay for 90 days post-event. Box is a leading cloud content management platform, founded in 2005, that enables organizations to enhance collaboration and secure valuable information, serving clients like AstraZeneca and General Electric.
Box (NYSE:BOX) has introduced the all-new Box Shuttle, a cost-effective solution for migrating large content volumes to the Box Content Cloud. It assists organizations in moving from legacy systems, enhancing digital transformation efforts. Box Shuttle allows migration from over 15 source systems at speed rates of hundreds of terabytes per day, while preserving permissions and metadata. With over 100,000 clients, Box aims to simplify cloud transitions for businesses, especially as remote work demands rise.
Box, Inc. (NYSE:BOX) has announced a definitive agreement to acquire SignRequest, a cloud-based e-signature company, for $55 million. This acquisition aims to enhance Box's offerings with Box Sign, an integrated e-signature solution that streamlines digital transactions in the Box content cloud. The initiative is part of Box's strategy to modernize business processes and accelerate digital transformation for its customers, leveraging SignRequest's technology. The deal is expected to close in Box's first fiscal quarter ending April 30, 2021.
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