Box

Box and OpenAI have announced an integration that lets users search, view, and edit files stored in Box directly from ChatGPT while preserving existing permissions and security controls. Users can navigate folder structures, see file previews, and use Box Notes within conversations and projects. The feature builds on the existing partnership, is available to all Box customers, and will be rolled out to paying ChatGPT users in the coming days. » Więcej na de.investing.com

At the Citi Global TMT Conference, Box said AI projects are driving demand for its platform for content, security and workflow automation, leading to five quarters of accelerated revenue growth. Current RPO grew 14% on a currency‑adjusted basis; Box confirmed mid‑term revenue growth of 10–15% but currently sees itself at the lower end of that range. Enterprise Advanced is raising the price per user by 30–40% and offers substantial upside potential (on average up to a sixfold user expansion). Gross margins will remain pressured in the near term by public‑cloud capacity constraints and AI costs through 2025. » Więcej na de.investing.com

Box shares rose to a 52-week high of 34.23 USD; the stock is up 10.3% year-to-date and has returned 38% over six months. In the second quarter, Box slightly beat revenue with 321.1 million USD and delivered adjusted earnings of 0.40 USD per share in line with expectations. The company raised its full-year guidance, reported constant-currency revenue growth of 11% and a gross margin of 79.6%. UBS raised its price target from 29 to 37 USD but left its rating at Neutral, and InvestingPro considers the stock undervalued at current levels. » Więcej na de.investing.com