Box competes with Dropbox Inc for a share of the file storage market that has seen a sharp rise in demand for cloud services to share and store files, especially in the workplace. The content management platform that went public in 2015 competes with tech heavyweights like Microsoft Corp’s OneDrive and Alphabet Inc’s Drive. Box’s fourth-quarter billings, which is revenue plus the change in deferred revenue, rose 19% to $281.9 million, above analysts’ estimate of $264.2 million. …read more
Source:: Yahoo Finance
