How did Box perform in fiscal year 2024?

Box surpassed the $1 billion annual revenue mark in fiscal year 2024 with strong performance. This achievement was notable as it was accomplished during a period of budgetary pressures on IT spending. Box's GAAP operating margin for the fiscal year was 5%, with a non-GAAP operating margin of 24.7%, both exceeding guidance and demonstrating the company's ability to expand profitability.

How did box perform in fiscal 4th quarter & full year 2024?

Box reported a fiscal fourth-quarter revenue of $262.9 million, a modest 2% increase from the previous year. The company's total annual revenue for fiscal 2024 was $1.038 billion, marking a 5% year-over-year growth. The financial performance for the fiscal fourth quarter and full year 2024 reflects Box's resilience and strategic focus.

Where does box make its money?

Other than the U.S, the company operates in the U.K. France, Germany, Japan, Canada, Australia, Netherlands and Sweden. Box currently derives revenues from subscription, sale of premier support package and professional services.