Salesforce, Box, Infoblox, And 2 More Report Earnings: What You Need To Know

Box Inc’s Results Come In Ahead of Estimates

Box Inc (NYSE:BOX) lost $0.14 per share on revenue of $95.7 million for its second quarter of fiscal year 2017, which nonetheless beat estimates by $0.05 per share and $1.05 million respectively. Despite present and future competition from various companies with more resources, Box’s sales rose by 30.3% year-over-year while its billings rose by 34% year-over-year, to $107 million. The company added more than 4,000 paying new customers during the period, growing its paying customer base to 66,000 businesses. For the full fiscal year, Box’s management is guiding for adjusted EPS between a loss of $0.69 and a loss of $0.67, an improvement upon the previous range of a between a loss of $0.78 and a loss of $0.75. 13 funds that we track had a long position in Box Inc (NYSE:BOX) as of the most recent 13-F reporting period, up by two funds quarter-over-quarter.

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Infoblox Reports Results

Infoblox Inc (NYSE:BLOX) reported fourth quarter of fiscal year 2016 earnings of $0.08 per share, beating estimates by $0.02. Revenue for the period was $86.3 million, down by 0.8% year-over-year but $1.79 million better than estimates. Total adjusted net income for the full fiscal year was $0.43 per share, up from $0.38 per share in the 2015 fiscal year. Likewise total revenue for fiscal 2016 was $358 million, 17% higher than the previous fiscal year. For its 2017 fiscal year, Infoblox’s expects adjusted operating margin of 16%-to-18% and revenue of $360 million-to-$380 million. Infoblox’s guidance for the next year might not matter though. According to Reuters, the security firm has “launched a process to sell itself after it received buyout interest from private equity firms,” with Thoma Bravo LLC among them. 25 funds in our system were long Infoblox Inc (NYSE:BLOX) at the end of June.

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Ollie’s Bargain Beats Estimates

Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) bulls are bound to have a good day after the company reported strong second quarter results yesterday. For the three-month period, the retailer earned $0.21 per share on revenue of $211.3 million, beating the consensus targets by $0.03 and $3.69 million respectively. Revenue rose by 16.1% year-over-year and adjusted EBITDA spiked by 27% as comparable-store sales rose by 3.5% and the company opened eight new stores. For the full-year, Ollie’s is projecting adjusted EPS of $0.88-to-$0.90 on revenue of $880 million-to-$885 million. 19 funds in our database owned shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) at the end of the second quarter, up by eight from the end of the previous quarter.

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