Box (NYSE:BOX) has released its financial results for the second quarter of fiscal 2025, showcasing continued growth and operational efficiency.
For the period ending July 31, 2024, the cloud content management company reported revenues of $270 million, a 3% increase from the previous year.
The firm's GAAP operating margin stood at 7.5%, while its non-GAAP operating margin reached a record high of 28.4%.
During the quarter, the company's GAAP gross profit rose significantly to $214.5 million, or 79.4% of revenue, compared to $194.4 million, or 74.4% of revenue, in the same period last year.
Earnings also saw a notable improvement, with GAAP net income per share at $0.10 and a record non-GAAP net income per share of $0.44.
The company also reported an 11% increase in net cash from operating activities, totalling $36.3 million up from the $32.7 million recorded in the second quarter of fiscal 2024.
Further boosting investor confidence, Box announced a new $100 million expansion of its stock repurchase program, signalling its optimistic outlook and commitment to delivering shareholder value.
As of the time this report was compiled, Box's share price stood at $28.82.