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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, Inc. (NYSE:BOX) has priced a private placement of $400 million in 1.50% convertible senior notes due 2029. The notes, convertible at an initial rate of 23.0102 shares per $1,000 principal amount (equivalent to $43.46 per share), represent a 30% premium over Box's last reported stock price. Box expects net proceeds of about $389.2 million, potentially rising to $447.8 million if additional purchase options are exercised.
The company plans to use $45.6 million for capped call transactions, $191.7 million to repurchase outstanding 2026 Notes, and the remainder for working capital and general corporate purposes. Box also entered into agreements to unwind a portion of existing capped call transactions, expecting to receive about $30.3 million.
Box, Inc. (NYSE:BOX) announced that Oxera Consulting LLP has chosen Box as its centralized cloud platform for intelligent content management. Oxera, a European consultancy with offices in six countries, deployed Box Enterprise Plus across its organization to enhance secure collaboration, meet data security and compliance requirements, and extract value from unstructured content.
Key benefits for Oxera include:
- Consistent user experience across international offices
- Efficient project management and secure client collaboration
- Enhanced data security for critical firm and client information
- Compliance with document retention policies
- Migration of 12.1TB of content, reducing on-premise server requirements
- Integration with business-critical apps like Microsoft Teams, Office, and NetSuite
Oxera is also exploring future opportunities with enterprise-grade AI, including Box's Metadata API, Box Hubs, GPT-4o integration, and Crooze technology for digital asset management.
Box, Inc. (NYSE:BOX) has announced plans to offer $400 million in convertible senior notes due 2029 to qualified institutional buyers. The company may also grant an option for an additional $60 million. These notes will be convertible into cash, shares of Box's Class A common stock, or a combination thereof. Box intends to use the proceeds to:
1. Fund capped call transactions to offset potential dilution
2. Repurchase a portion of its outstanding 2026 Notes
3. Support working capital and general corporate purposes
The offering's terms, including interest rate and conversion rate, will be determined at pricing. This move could impact Box's stock price and capital structure.
Box, the leading Intelligent Content Cloud, has announced its management team's participation in Citi's 2024 Global Technology and GEMS Conference. The presentation is scheduled for September 5, 2024, at 2:10 PM ET at The Lotte New York Palace Hotel in New York.
Investors and interested parties can access a live webcast of the event on Box's investor relations website. For those unable to attend, a replay will be available approximately one hour after the live presentation and will remain accessible for 365 days. This event provides an opportunity for Box to showcase its latest developments and strategies to the investment community.
Box Inc (NYSE:BOX) reported strong fiscal Q2 2025 results, with revenue of $270 million, up 3% year-over-year (6% in constant currency). The company achieved record non-GAAP operating margin of 28.4% and record non-GAAP net income per share of $0.44. Billings grew 10% to $256.4 million, while remaining performance obligations (RPO) increased 12% to $1.272 billion. Box announced a new $100 million expansion of its stock repurchase program. The company is focusing on Intelligent Content Management, expanding its market opportunity with Box AI and strategic acquisitions like Alphamoon. For Q3 FY25, Box expects revenue between $274-$276 million and non-GAAP operating margin of approximately 28%.
Box (NYSE: BOX) has appointed Tricia Gellman as its new Chief Marketing Officer. Gellman brings over 20 years of experience in driving growth for tech companies like Salesforce and Adobe. As CMO, she will help accelerate Box's path to $2 billion in revenue and its evolution as an Intelligent Content Management platform.
Gellman's appointment aligns with Box's vision to pioneer the new category of Intelligent Content Management, helping its 100,000+ customers leverage AI for content transformation. Her expertise in demand generation, positioning, and solutions marketing is expected to solidify Box's leadership in this space.
During her time at Salesforce, Gellman played a important role in the company's growth from $1 billion to $13 billion in annual revenue. She has also held key positions at Adobe, Checkr, and Drift, demonstrating a strong track record in go-to-market strategies and solution-selling practices.
Box, Inc. (NYSE: BOX) has acquired Alphamoon's AI-powered intelligent document processing (IDP) technology, expanding its Intelligent Content Management (ICM) platform. This strategic move, coupled with the recent acquisition of Crooze, enhances Box AI's capabilities to automate document-related tasks and extract valuable metadata from business content.
Alphamoon's technology combines large language models with proprietary OCR and document processing technology to intelligently structure documents at scale. Once integrated, it will expand Box AI's capabilities, leveraging advanced OCR, leading third-party AI models, and Box's enterprise-grade security.
The acquisition aims to revolutionize IDP by enabling automated metadata extraction from various business documents, streamlining workflows, integrating with external applications, and enhancing industry-specific processes. Box expects to announce availability and pricing for new intelligent document processing capabilities at a later date.
Box, Inc. (NYSE:BOX) announced that Box AI for Documents and Notes is now available with unlimited queries for Enterprise Plus customers, experiencing rapid growth in Japan. Major companies like Asahi Group Japan, The Norinchukin Bank, and Hitachi High-Tech have implemented Box AI company-wide to leverage unstructured data with enterprise-grade security.
Box AI aims to utilize the power of generative AI within the Box platform, allowing companies to extract value from unstructured data that accounts for 90% of corporate information. The service offers features like question-answering and summarization functions, with plans to introduce Box AI for Hubs and more flexible workflow automation features later this year.
Box, Inc. (NYSE:BOX) has announced its upcoming second quarter fiscal 2025 financial results release, scheduled for Tuesday, August 27, 2024, after market close. The company will host a conference call and webcast at 2:00 p.m. PT on the same day to discuss the results and business developments. Interested parties can register online to receive dial-in information and a conference ID. A live webcast will be available on the Box investor relations website, with a replay accessible until September 3, 2024. This announcement sets the stage for Box to share its latest financial performance and strategic updates with investors and analysts.
Box and Slack have expanded their partnership to bring secure AI capabilities to enterprise content. The integration allows Box Enterprise Plus customers to access unlimited Box AI queries directly in Slack, enabling users to extract insights from Box files within their Slack workspace. This enhancement aims to transform collaboration and productivity for joint customers.
Key features of the expanded partnership include:
- Dynamic and secure file previews of Box files in Slack
- Real-time content card updates
- Enhanced Box for Slack workflows
- Improved admin delegated authorization
- Streamlined content workflow between Box, Slack, and Salesforce
The integration is available immediately for all Slack customers with Box Enterprise Plus plans, offering AI-powered insights without leaving the Slack environment.
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