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Tech

Box Narrows Its Losses as Cloud Customer Base Grows

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November 30, 2016, 4:25 PM ET
Fortune Brainstorm TECH 2016
Fortune Brainstorm TECH 2016 TUESDAY JULY 12TH, 2016: ASPEN, CO 11:25 AM THE INDUSTRIALIST’S DILEMMA Beth Comstock, Vice Chair, GE Aaron Levie, CEO, Box Moderator: Alan Murray, Fortune PHOTOGRAPH BY KEVIN MOLONEY/Fortune Brainstorm TECHPhotograph by Kevin Moloney — Fortune Brainstorm TECH
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Box, which provides cloud-based services for content management, reported a 30.7% rise in its quarterly revenue as it continues to increase its customer base.

The company’s net loss (BOX) narrowed to $38.23 million, or 30 cents per share, in the third quarter ended Oct. 31, from $55.1 million, or 45 cents per share, a year earlier.

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Revenue rose to $102.8 million from $78.7 million.

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