Box fights back - reports strong Q1 and raises guidance : vi

Box fights back - reports strong Q1 and raises guidance


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Summary:
It has been a tough year for content management vendor Box, as it faces scrutiny from activist investor Starboard Value.
(Screengrab from Zoom call)
Box is fighting to make a comeback as it reported better than expected earnings for Q1 of this year and raised its full year guidance. The content cloud vendor has had a difficult year, as it trails some of its closest competitors, and as the leadership faces intense scrutiny from activist investor Starboard Value. 
Speaking to analysts this week, CEO Aaron Levie said: 
With the strong momentum we're driving, we are confident in our ability to achieve accelerated growth and higher operating margin now and in the years ahead. 

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