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    Home » Box announces first $1 billion fiscal year as AI sales surge
    Financial Market

    Box announces first $1 billion fiscal year as AI sales surge

    ZEMS BLOGBy ZEMS BLOGMarch 6, 2024No Comments1 Min Read
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    Shares of Box Inc. rose. rose nearly 2% after hours on Tuesday after the software company reported its first $1 billion fiscal year and announced a $100 million stock buyback program.

    “Customers in financial services are upgrading to Box AI,” Box CEO Aaron Levy said in an interview, referring to a new set of capabilities that will integrate advanced AI models into the Box Content Cloud. The company also announced integration with Microsoft Corp's MSFT Azure OpenAI on Box AI.

    “Amnesty International…

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