Skip to Content

Box Narrows Its Losses as Cloud Customer Base Grows

November 30, 2016

Fortune Brainstorm TECH 2016Fortune Brainstorm TECH 2016
Box CEO Aaron Levie at Fortune Brainstorm Tech 2016. Tuesday, July 12, 2016. Aspen, Co.Photograph by Kevin Moloney — Fortune Brainstorm TECH

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.

Get Data Sheet, Fortune’s technology newsletter.

Revenue rose to $102.8 million from $78.7 million.