Latest news with #BoxAI
Yahoo
28-05-2025
- Business
- Yahoo
Box Q1 Earnings Beat Estimates, Revenues Up Y/Y, Shares Rise
Box BOX reported first-quarter fiscal 2026 non-GAAP earnings of 30 cents per share (including 1 cent of unfavorable forex impacts), which declined 23.1% year over year. The figure exceeded the Zacks Consensus Estimate by 20%.Total revenues of $276.3 million surpassed the consensus mark by 0.67%. The top line increased 4.4% year over year on a reported basis and 5% on a constant-currency (cc) year-over-year revenue increase was primarily driven by the strong momentum of BOX Suites offerings, which bundle multiple products and services into comprehensive solutions for the release of the first quarter of fiscal 2026 results, Box shares gained 11.35% in the pre-market trading. Box, Inc. price-consensus-eps-surprise-chart | Box, Inc. Quote Billings were $242.3 million in the reported quarter, increasing 27% year over year (17% growth on a cc basis), with a tailwind of 400 basis points from early renewals and 700 basis points from favorable foreign exchange (FX). The company generated 61% of its revenues from Suite's customers in the first quarter of fiscal 2026. Continued growth in customer demand for Box AI and Enterprise Advanced contributed to strong Suite momentum. In the first quarter of fiscal 2026, Box introduced a new Box AI Agent for Microsoft MSFT 365 Copilot to help customers securely search, analyse, and act on Box content directly within Microsoft 365, Microsoft Copilot Chat, and Microsoft net retention rate was 102% at the end of the fiscal first quarter, up 100 bps year over company's remaining performance obligations (RPO) totaled $1.469 billion, reflecting a 21% year-over-year increase (17% on a cc basis). This includes $812 million in short-term RPO and $657 million in long-term RPO. The non-GAAP gross margin for first-quarter fiscal 2026 was 80.5%, expanding 30 bps year over operating expenses of $209.3 million increased 11.1% year over year. As a percentage of revenues, the figure expanded 460 bps from the year-ago quarter to 75.7%.On a non-GAAP basis, the company recorded an operating margin of 25.3%, which contracted 130 bps year over year. As of April 30, 2025, cash and cash equivalents were $689.7 million, up from $624.6 million as of Jan. 31, short-term investments amounted to $100.7 million, an increase from $98.2 million in the previous debt was pegged at $449.2 million at the reported quarter's end compared with $448.6 million at the previous quarter's generated $127.1 million in cash from operations in the fiscal first quarter, up from $102.2 million in the previous company generated a non-GAAP free cash flow of $118.3 million in the reported repurchased 1.6 million shares for $50 million in first-quarter fiscal 2026. As of April 30, 2025, approximately $152 million of buyback capacity was remaining under Box's current share repurchase plan. For the second quarter of fiscal 2026, Box expects revenues between $290 million and $291 million, suggesting an 8% rise from the prior-year reported figure. The cc growth rate is pegged at 6%. This includes an expected positive impact of approximately 220 basis points due to a non-GAAP basis, BOX expects earnings of 30-31 cents per share. The non-GAAP operating margin for the fiscal second quarter is expected to be 28%.For fiscal 2026, BOX expects revenues between $1.16 billion and $1.17 billion, indicating a year-over-year increase of 7%. This includes an expected positive impact of approximately 120 basis points due to earnings are expected between $1.22 and $1.26 per share. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)The non-GAAP operating margin for the fiscal year is expected to be 28%. Currently, Box carries a Zacks Rank #4 (Sell).PagerDuty PD and GitLab GTLB are some better-ranked stocks that investors can consider in the broader sector. Each stock presently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks shares have lost 11.3% year to date. PD is set to report its first-quarter fiscal 2026 results on May shares have lost 14.8% year to date. GTLB is set to release its first-quarter fiscal 2026 results on June 10. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Box, Inc. (BOX) : Free Stock Analysis Report PagerDuty (PD) : Free Stock Analysis Report GitLab Inc. (GTLB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
20-05-2025
- Business
- Yahoo
LPL Financial Announces Q1 2025 Technology Updates
Firmwide technology and AI enhancements aim to improve experiences for advisors, investors and financial institutions SAN DIEGO, May 20, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC, a leading wealth management firm, has announced a series of significant updates to its financial technology, investment solutions and platform infrastructure in the first quarter of 2025. These ongoing improvements underscore LPL's dedication to helping advisors harness both existing and emerging technologies to optimize their time, create tailored client experiences, and offer more advanced and personalized financial guidance. The first quarter of 2025 saw the introduction of 80 new product enhancements—designed to enhance the experiences of advisors, institutions and end clients. 'Our goal is to consistently enhance the tools and processes used daily, allowing advisors to focus on their core business activities. We are also continuously strengthening our platforms to ensure they are secure, reliable and resilient,' said Greg Gates, Group Managing Director, Chief Technology and Information Officer at LPL. 'By leveraging our scale and insights from over 29,000 advisors and 1,200 institutions, we are committed to continuously refining and reinvesting in our technology to address the most critical needs of today's financial professionals.' New and Enhanced Tech Solutions Alts: LPL Alts Connect has digitized the alts purchase process and reduces order time by up to 70 percent. The platform complements an expanding product set that includes an array of prominent funds, giving advisors more optionality to build diversified, non-correlated portfolios. Marketing: A new digital marketing platform leverages technology, including AI, to streamline effective communication with clients and prospects across multiple channels and touchpoints. Advisors who subscribe to LPL's Marketing Solutions grew assets 39% faster, on average, than their LPL peers over a 6-month period. Rebalancing: ClientWorks Rebalancer enhancements include single sleeve drift filters, new excess cash options and expiration date flexibility—all designed to offer advisors increased flexibility. Retirement plans: A new, dedicated account for outside retirement plans streamlines the tracking and processing of fees, making the entire process more efficient. Artificial intelligence (AI): Advisors now have access to Adobe Acrobat AI Assistant and Box AI, as well as Wealthbox AI Reports, which leverages data to build reports based on an advisor's prompt. With the help of AI, LPL advisors can spend less time on administrative tasks and more time focusing on growing client relationships and the business. eSignature Bundling: eSignature bundling has been added to New Account Opening, Move Money and Annuity Order Entry. These updates simplify workflow and save valuable time by reducing the number of emails advisors and investors receive. Leadership Expansion Further strengthening its technology leadership, LPL recently welcomed Vaughn Harvey as Executive Vice President and Chief Data and Artificial Intelligence Officer. Harvey will lead the company's data and AI initiatives, driving innovation and digital transformation across the organization. Industry Recognition LPL received the Bank Insurance and Securities Association's 2025 Technology Innovation Award for Meeting Manager, a proprietary solution that supports advisor productivity, improves oversight for program managers and changes the game on how advisors in institutions engage with their clients. In addition, LPL's Chief Information Security Officer Renana Friedlich was recognized by CISO Village on the Cyber 25 Women of Impact List for driving change in the cybersecurity industry. About LPL Financial LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit Securities and advisory services offered through LPL Financial LLC ('LPL Financial'), a registered investment adviser and broker-dealer. Member FINRA/SIPC. Throughout this communication, the terms 'financial advisors' and 'advisors' are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial. We routinely disclose information that may be important to shareholders in the 'Investor Relations' or 'Press Releases' section of our website. Media Contact: (402) 740-2047 Tracking #: 738811
Yahoo
02-05-2025
- Business
- Yahoo
IBM and Box partner on enterprise AI for businesses
Box Inc., a cloud storage company, announced a partnership with IBM this week to help businesses adopt enterprise AI for everyday work tasks. The partnership brings together IBM's AI tool, watsonx, and Box AI. Box AI is an agentic AI tool developed by Box for organizations to customize their own closed-system AI models. Within Box AI, companies can limit prompt queries to specific sets of documents or data without any complex code-building. Enterprise AI refers to using AI models and tools at scale for large businesses handling proprietary information. IBM's enterprise AI studio, now brings a selection of AI models to Box AI users for them to customize to their business needs. The selection includes some of IBM's Granite large language models and recent versions of Meta's Llama models, according to a press release. "Financial services firms can accelerate fraud detection and risk analysis by extracting patterns from large volumes of transaction data, enabling real-time anomaly detection and reducing remediation time, all while ensuring compliance and auditability," Dawn Lauter, senior team manager of product marketing at Box, said in a statement. IBM partners with 90 of the world's largest banks, including Bank of America, JPMorganChase, Citigroup and HSBC. Banks and financial services companies make up 7% of IBM's clients as of the end of 2024, according to Data Captive."Traditionally, knowledge work has been constrained by the time it takes to research, create and review content," said Aaron Levie, co-founder and CEO of Box. "AI changes that, accelerating these processes exponentially. By deepening our partnership with IBM and leveraging watsonx, we're empowering enterprises to harness AI responsibly and at scale." The two partnering firms are also using each other's products as part of the partnership as well as offering them to customers. IBM's employees now have access to Box AI with IBM watsonx, and Box internally uses IBM's watsonx governance to monitor and provide guardrails for its AI models and help it comply with regulations. "The majority of an organization's data is often unstructured — buried within contracts, spreadsheets and presentations," a Box representative said in the press release. "This data can be highly valuable for AI, but often highly sensitive. Building a trusted technology pipeline for AI to access this data can be essential for security and compliance efforts, particularly in highly regulated industries." Sign in to access your portfolio
Business Wire
29-04-2025
- Business
- Business Wire
Box and IBM Partner to Bring New Enterprise-Level AI Models to Support Content Generation and Productivity
REDWOOD CITY, Calif & ARMONK, N.Y.--(BUSINESS WIRE)--Box, Inc. (NYSE: BOX), the leading Intelligent Content Management (ICM) platform, and IBM (NYSE: IBM) today announced they are partnering to help organizations accelerate the adoption of enterprise-level AI for content-driven workflows using IBM watsonx and Box AI. Additionally, Box is using internally for life-cycle management of AI models to monitor, govern and provide guardrails for various regulations. Box and IBM partner to bring new enterprise-level AI models to support content generation and productivity Share The majority of an organization's data is often unstructured — buried within contracts, spreadsheets, presentations and more. This data can be highly valuable for AI, but often highly sensitive. Building a trusted technology pipeline for AI to access this data can be essential for security and compliance efforts, particularly in highly regulated industries. Box customers now have the option of leveraging Box AI with IBM watsonx to help unlock the value of their enterprise content and data. The solution uses IBM's enterprise AI studio, to deliver a selection of models for Box AI – including the open-source, IBM Granite models and the latest Meta Llama models. Infusing AI capabilities into business process automation and content management can help organizations tackle a wide range of AI-driven use cases such as data extraction, automated document processing and content analysis. IBM is using Box AI with IBM watsonx within its own workforce today, and Box is now making this solution available to other enterprise customers. 'The impact AI is having on the enterprise is unlike anything we've seen since the birth of the internet,' said Aaron Levie, co-founder and CEO of Box. "Traditionally, knowledge work has been constrained by the time it takes to research, create and review content — but AI changes that, accelerating these processes exponentially. By deepening our partnership with IBM and leveraging watsonx, we're empowering enterprises to harness AI responsibly and at scale." 'Organizations are seeking purpose-built AI solutions that empower their teams to make faster, data-driven decisions,' said Rob Thomas, Senior Vice President, Software and Chief Commercial Officer, IBM. 'Our partnership with Box enables businesses to seamlessly integrate AI into their core processes, helping to enhance productivity and transform operations.' Additionally, Box has deployed IBM internally to help address responsible AI deployment across its model lifecycles, from development to production. It is designed to assist Box address risk, compliance obligations and the AI lifecycle, helping AI-driven insights remain auditable. Box also continues using Red Hat OpenShift, the industry's leading hybrid cloud application platform powered by Kubernetes, which enables Box to support faster, scalable AI application development and deployment across cloud environments, helping to deliver secured and efficient AI-driven workflows on pace with evolving enterprise needs and technological innovation. IBM has enabled Box AI with IBM watsonx to elevate employee productivity within its own workforce, providing them with seamless interaction directly with their Box content. With Box AI, IBMers experience how partners embed watsonx into their own solutions and bring IBM technology to clients across industry. Box AI with IBM watsonx is now available to Box Enterprise Advanced customers via Box AI Studio and Box AI APIs. IBM is a Box authorized reseller, and customers buying Box products that include Box AI through IBM will be equipped with IBM's flagship family of AI models built for business, enabling a seamless experience. Learn more about how Box AI with IBM watsonx will transform the way you work with your content at IBM Think, May 5-8 and Box's Content + AI Summit on May 15, 2025. About Box Box (NYSE:BOX) is the leader in Intelligent Content Management. Our platform enables organizations to fuel collaboration, manage the entire content lifecycle, secure critical content, and transform business workflows with enterprise AI. Founded in 2005, Box simplifies work for leading global organizations, including AstraZeneca, JLL, Morgan Stanley, and Nationwide. Box is headquartered in Redwood City, CA, with offices across the United States, Europe, and Asia. Visit to learn more. And visit to learn more about how Box empowers nonprofits to fulfill their missions. About IBM IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit for more information.
