Box announces its 3rd Quarter Financial Results

Box, Incorporation has reportedly declared the third quarter’s financial results for the year 2018.  The total revenue for this quarter was around 155.9 Million US Dollars, which 21% higher than the total revenue in the prior year.  The firm was able to grow its customer base that is paying to as much as more than 90 thousand organizations.  The firm organized an event called the Box Works that managed to attract around 1 thousand people. This event was featuring companions like the IBM, Apple Inc., and Microsoft.

In the words of Aaron Levie, the actively working Chief executive officer as well as one of the founders of Box Incorporation:

“Our solution selling strategy continues to gain momentum with strong attach rates for add-on products and large deal growth in the third quarter. With more than 90,000 customers, including BBVA Compass, National Bank of Canada, and Shiseido Company, Box continues to expand its role as a strategic technology partner to power digital transformation for enterprises”

The CEO went on to say that:

“Businesses need a single, open platform for cloud content management with enterprise-grade security and powerful workflow capabilities, and Box is the only solution with this uncompromising focus.”

According to the second founder and CFO of the firm, Mr. Dylan Smith:

“In the third quarter, we delivered solid revenue growth and continued to drive operational efficiencies, and we’re on track to deliver our first quarter of non-GAAP profitability in Q4,”

Mr. Dylan continued on to say that:

“With more than 40% growth in deals worth more than $100K and our attach rate for add-on products increasing to over 80% of these deals, we are capturing our market opportunity while driving continued leverage for long-term growth.”

The revenue of the Box Incorporation for the 4th quarter is predicted to lie somewhere around 163.5 Million US Dollars to 164.5 Million US Dollars.  The total Revenue of the firm for Fiscal Year of is like to fall in the range of somewhere between 608.2 Million US Dollars to as much as 609.2 Million US Dollars.