Box Fiscal Q1 Losses Seen Rising Amid Big Investments

By | June 6, 2015

Scalper1 News

Box’s fiscal Q1 revenue is expected to rise 40%, but the cloud data storage company’s continuing major investments are expected to result in a slightly higher loss. Los Altos, Calif.-based Box is expected to post revenue of $63.7 million, up from $45.3 million in the year-earlier period, analysts polled by Thomson Reuters estimate. Box, which last week won a major U.S. government contract, is expected to report a loss of 31 cents per share for Scalper1 News

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