Box Revenue On Rise
Box expects full year revenue of US$295 million to $297 million, up from a previous estimate of $286-290 million.
Box competes with Dropbox and a number of other cloud service providers. Major big business customers include AstraZeneca, General Electric and Chevron.
Its online file-sharing and personal cloud content management service for businesses provides up to 10GB of free storage for personal accounts, but charges for additional space.
The company’s revenue rose 42.8 percent to $73.5 million in Q2 ended July 31. Net loss attributable to shareholders increased to $50.2 million from $39.4 million a year earlier as operating expenses rose.