By Yasin Ebrahim
Investing.com - Box reported fourth quarter results and guidance that topped Wall Street estimates as increased enterprise spending on digital transformation boosted results.
Box (NYSE:BOX) was up 6% in aftermarket hours.
Box reported adjusted EPS of 24 cents on revenue of $233.4 million, up from 22 cents a share and $770.8 million a year earlier. That was ahead of estimates for EPS of 23 cents.
Deferred revenue as of Jan. 31, 2022, was $534.2 million, a 15% increase from deferred revenue as of Jan. 31, 2021, of $465.6 million.
Billings for fiscal year 2022 were $941.9 million, a 16% increase from billings for fiscal year 2021 of $812.5 million.
Looking ahead, the company forecasts first quarter revenue of $233 million to $235 million, above estimates of $230.6 million and adjusted EPS between 24 cents and 25 cents, in-line with estimates of 24 cents.
For fiscal 2023, the company guided EPS in a range of $1.10 to $1.14, on revenue of $990 million to $996 million. That compared with estimates for $1.10
on revenue of $980.3 million.