Box Inc raised its full-year revenue forecast on Tuesday after reporting better-than-expected third-quarter sales, as the cloud management platform benefited from higher customer addition. Box raised full-year revenue forecast to a range of $693.7 million to $694.7 million compared with its earlier expectation of $690 million to $692 million, the midpoint of which is above analysts’ estimate of $690.9 million, according to IBES data from Refinitiv. Demand for cloud storage has risen over the past year as companies shift work to cloud due to convenience and lower costs. …read more
Source:: Yahoo Finance
