June 3, 2019 / 8:07 PM / 3 months ago

Box revenue beats estimate on cloud storage demand

June 3 (Reuters) - Box Inc reported a better-than expected 16% rise in quarterly revenue on Monday, as the cloud storage provider added more customers.

Net loss narrowed to 3 cents per share in the first quarter ended April 30, from 7 cents per share a year earlier.

The company’s revenue rose to $163 million, while analysts on average had expected $161.4 million, according to IBES data from Refinitiv. (Reporting by Sayanti Chakraborty in Bengaluru; Editing by Maju Samuel)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below