Box Narrows Loss, Raises Full-Year Revenue Outlook
Box (BOX) late Wednesday reported a smaller-than-expected quarterly loss and raised its full-year revenue outlook, sending shares in the online storage and file management provider up in after-hours trading. Box said revenue rose 45% to $65.6 million for its fiscal Q1 ended April 30 vs. the year-earlier quarter, topping Wall Street views. It forecast current-quarter revenue above expectations. Excluding items, Los Altos, Calif.-based Box reported