Box Beats Q4 Earnings, Announces Azure AI Collaboration, Tops $1B in Sales
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Box beat Q4 earnings expectations but gave soft full-year guidance. Adjusted EPS was 42 cents vs 38 cents expected.
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Box announced collaboration with Microsoft to integrate Azure OpenAI into Box AI product.
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Box AI now generally available to Enterprise Plus customers to apply large language models to content.
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Box passed $1 billion in annual sales for the first time in fiscal 2024, with 5% growth.
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Box stock bounced around after hours, rising over 4% to $28.39 at last check after initially surging 12%.