Box, Inc. (NYSE:BOX) Q3 2020 Earnings Conference Call - Final Transcript

Nov 26, 2019 • 05:00 pm ET

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Box, Inc. (NYSE:BOX) Q3 2020 Earnings Conference Call - Final Transcript

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Presentation
Executive
Dylan Smith

gross margin. With that, let's now turn to our guidance.

For the full year of fiscal 2020, we expect revenue to be in the range of $693.7 million to $694.7 million. We remain committed to delivering our first year of non-GAAP profitability this year and we now expect our FY '20 non-GAAP EPS to be approximately positive $0.01 on approximately 154 million diluted shares. Our GAAP EPS is expected to be approximately negative $1.01 on approximately 148 million shares. For the fourth quarter of fiscal 2020, we are setting revenue guidance in the range of $181 million to $182 million.

We expect our non-GAAP EPS to be in the range of positive $0.04 to positive $0.05 and for our GAAP EPS to be in the range of negative $0.22 to negative $0.21 on approximately 155 million and 150 million shares respectively.

In summary, this past quarter, we made significant progress across our key strategic initiatives. This included successfully launching Shield, increasing momentum in the adoption of suites, and amplifying our focus and rigor on renewing and expanding our existing customers to sustain long-term growth. In addition, we are continuing to develop clear initiatives that will deliver significantly higher profitability. These foundational changes will enable us to more effectively drive both growth and profitability going into FY '21 and to continue building on our leadership position for the long term.

With that, I would like to open it up for questions. Operator?