Live Breaking News & Updates on ஆரோன் லெவி|Page 18
Stay updated with breaking news from ஆரோன் லெவி. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Activist investors will only sit still for so long, and when they take action, it usually involves one of two approaches: Replace the leadership team or induce a sale. ....
Box beats Q4 estimates as adoption of Box Suites accelerates The cloud content management company says it s focused on profitable growth as it eyes revenue of around $200 million for the current quarter. March 2, 2021 21:32 GMT (13:32 PST) | Topic: Cloud Box on Tuesday delivered better-than-expected fourth quarter financial results. Executives said the company is focused on profitable growth as it eyes revenue of around $200 million for the current quarter. The cloud content management company s Q4 non-GAAP net income per share was 22 cents. Revenue was $198.9 million, up 8 percent year-over-year. Analysts were expecting earnings per share of 17 cents on revenue of $196.54 million. In fiscal 2021, we achieved a significantly stronger balance of growth and profitability while executing on our vision to deliver the Box Content Cloud, a secure platform for managing ....
Box has clearly benefited from the surge in digital teamwork during the COVID-19 pandemic, but what we are beginning to see is a mature offering that understands the challenges facing enterprise buyers. ....
Operator Ladies and gentlemen, thank you for standing by, and welcome to the Box Inc., Fourth Quarter Fiscal 2021 Earnings Conference Call. [Operator Instructions] I would now like to hand the conference over to your speaker today, Alice Lopatto. Please go ahead. Alice Kousoum Lopatto Investor Relations Good afternoon and welcome to Box s fourth quarter and fiscal year 2021 earnings conference call. On the call today we have Aaron Levie, our CEO; and Dylan Smith, our CFO. Following our prepared remarks, we will take questions. Today s call is being webcast and will also be available for replay on our Investor Relations website at www.box.com/investors. Our webcast will be audio only, however supplemental slides are now available for download from our website. We ll also post the highlights of today s call on Twitter at the handle @boxincir. ....
4 Min Read (Reuters) - Hedge fund Starboard Value LP is preparing to launch a board challenge against Box Inc unless the U.S. cloud services provider takes steps to boost value for shareholders, according to people familiar with the matter. Box has become an activist investor target after it failed to capitalize on the work-from-home trend during the COVID-19 pandemic as many of its cloud computing peers have done. Its shares have barely risen since the company’s initial public offering six years ago, and are up just 9% in the last 12 months, underperforming the 33% rise in the S&P 500 Application Software index over the same period. ....