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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.

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