Box, Inc. (NYSE:BOX) Q2 2021 Earnings Conference Call - Final Transcript

Aug 26, 2020 • 05:00 pm ET


Box, Inc. (NYSE:BOX) Q2 2021 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by and welcome to the Box, Inc. Second Quarter Fiscal 2021 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Alice Lopatto, Head of Investor Relations. Thank you. Please go ahead.

Alice Kousoum Lopatto

Good afternoon. Welcome to Box's second quarter fiscal 2021 earnings conference call. I'm Alice Lopatto, Head of Investor Relations and on the call with me today, I have Aaron Levie, our CEO; and Dylan Smith, our CFO. Following our prepared remarks, we will take questions. Today's call is being webcast on our Investor Relations website at Our supplemental slides are now available for download. We'll also post the highlights of today's call on Twitter at the handle @boxincir.

On the call, we will be making forward-looking statements, including our Q3 and FY '21 financial guidance and our expectations regarding our financial performance for fiscal 2021 and future periods; timing of and market adoption of our products; our markets and market size; our operating leverage; our expectations regarding maintaining positive free cash flow, gross margins, operating margins, future profitability and unrecognized revenue and remaining performance obligations; our planned investments and growth strategies; our ability to achieve our long-term revenue and operating model targets; expected timing and benefits of our new products, pricing and partnerships; and our expectations regarding the impact of the COVID-19 pandemic on our business and operating results. These statements reflect our best judgment based on factors currently known to us and actual events or results may differ materially.

Please refer to the press release and the risk factors in documents we file with the Securities and Exchange Commission, including our most recent Quarterly Report on Form 10-Q for information on risks and uncertainties that may cause actual results to differ materially. These forward-looking statements are being made as of today, August 26, 2020, and we disclaim any obligation to update or revise them should they change or cease to be up-to-date. In addition, during today's call, we will discuss non-GAAP financial measures. These non-GAAP financial measures should be considered in addition to not as a substitute for or in isolation from our GAAP results. You can find additional disclosures regarding these GAAP measures, including reconciliations with comparable GAAP results in our earnings press release and in the related PowerPoint presentation, which can be found on the Investor Relations page of our website. Unless otherwise indicated, all references to financial measures are on a non-GAAP basis.

With that, let me hand it over to Aaron.

Aaron Levie

Thanks, Alice, and thanks, everyone for joining the call today. Let me begin by saying that I hope you and your families are all staying safe and healthy. Many months into COVID-19, the environment continues to be a challenging and unprecedented time. Through it all, we continue to provide support for our employees and their families, our communities and our customers. I'm proud of all of