Cloud storage company Box's revenue rises 43 percent

Reuters News
|
Posted: Sep 09, 2015 4:10 PM

(Reuters) - Cloud storage provider Box Inc <BOX.N> reported a 42.8 percent increase in quarterly revenue as more customers subscribed to its content-sharing platform.

The company's revenue rose to $73.5 million in the second quarter ended July 31 from $51.4 million a year earlier.

Net loss attributable to shareholders increased to $50.2 million from $39.4 million as operating expenses rose.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Savio D'Souza)