Full Year FY24 Guidance
- Revenue is expected to be in the range of $1.040 billion to $1.044 billion, up 5% year-over-year at the high-end of the range, or 8% growth on a constant currency basis.
- GAAP operating margin is expected to be approximately 4.5%, and non-GAAP operating margin is expected to be 25.5%.
- GAAP net income per share attributable to common stockholders is expected to be in the range of $0.17 to $0.21. FY24 GAAP EPS guidance includes an expected negative impact of $0.17 from unfavorable exchange rates.
- Non-GAAP diluted net income per share attributable to common stockholders is expected to be in the range of $1.46 to $1.50. This represents an increase on the low end from Box’s previous guidance provided on May 30, 2023, which was $1.44 to $1.50. FY24 non-GAAP EPS guidance includes an expected negative impact of $0.17 from unfavorable exchange rates.
- Weighted-average diluted shares outstanding are expected to be approximately 150 million.
All forward-looking non-GAAP financial measures contained in this section titled “Outlook” exclude estimates for stock-based compensation expense, intangible assets amortization, and as applicable, other special items. Box has provided a reconciliation of GAAP to non-GAAP net income per share guidance at the end of this press release.
