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AmextaFinance > Investing > Box posts first $1 billion fiscal year as AI sales pick up
Investing

Box posts first $1 billion fiscal year as AI sales pick up

News Room
Last updated: 2024/03/06 at 4:45 AM
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Box Inc.’s stock rose about 2% after hours Tuesday after the software company reported its first $1 billion fiscal year and announced a $100 million share-buyback program.

“Customers in financial services are upgrading to Box AI,” Box Chief Executive Aaron Levie said in an interview, referring to a new suite of capabilities that will integrate advanced AI models into the Box Content Cloud. The company also announced integration with Microsoft Corp.’s MSFT Azure OpenAI on Box AI.

“AI…

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News Room March 6, 2024 March 6, 2024
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