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Cloud file-sharing company Box today announced that it generated a $33.1 million loss on $73.5 million in revenue for the second quarter of its fiscal year 2016, which ended on July 31. The company had a non-GAAP 28-cent net loss per share.
Analysts were expecting $69.81 million and a net loss of 29 cents per share. Box revenue for the quarter went up by 42.8 percent year over year.
Box also said the company now has 50,000 paying customers, up from “more than 47,000” in June. Companies that started using Box or deployed it more widely in the quarter include two highly valued companies, Uber and Airbnb, according to a statement on today’s release.
This is the third earnings release the Silicon Valley company has made after going public last year. Last quarter Box beat analysts’ estimates.
Box competes with Microsoft’s OneDrive as well as Dropbox and Google Drive, to name a few cloud syncing and sharing services.
Box stock was up 2 percent in after-hours trading immediately following the earnings release. The earnings call will begin at 2 p.m. Pacific.
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