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Box shows strong sales growth in third quarter earnings
Cloud storage company Box reported third quarter earnings after the bell on Wednesday, beating Wall Street expectations with a record $102.8 million in revenue, a 31% increase year-over-year and above predictions of $100.64 million. The company also posted significant growth in deferred revenue, with $192.6 million, an increase of 36% from the same period last year. With a focus on enterprise, Box works with many Fortune 500 companies to help them secure their documents in the cloud.
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