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Box Reports Strong Fiscal First Quarter 2022 Financial Results bax boxinvestorrelations.com/news-and-media/news/press-release-details/2021/Box-Reports-Strong-Fiscal-First Quarter - 2022 - Financial - Results / 5/27/21 Raises Revenue Guidance and N on - GAAP Operating Profit Expectations for the Fiscal Year • Revenue of $ 202.4 Million , Up 10 % Year - Over - Year Remaining Performance Obligations of $ 864.8 Million , Up 20 % Year - Over - Year • GAAP Operating Margin of Negative 5 % , An Improvement of 8 Percentage Points Year - Over - Year • Non - GAAP Operating Margin of 17 % , Up 8 Percentage Points Year - Over - Year • Cash Flow from Operations of $ 94.8 Million , Up $ 32.9 Million Year - Over - Year • Free Cash Flow of $ 75.9 Million , Up $ 36.0 Million Year - Over - Year • Raises FY22 revenue guidance to $ 845 to $ 853 Million • Initiates FY22 non - GAAP operating margin guidance of 18 % to $ 18.5 % ● REDWOOD CITY , Calif .-- ( BUSINESS WIRE ) -- Box , Inc. ( NYSE : BOX ) , the leading Content Cloud , today announced financial results for the first quarter of fiscal year 2022 , which ended April 30 , 2021 . " Our vision for the Content Cloud is resonating with our customers . They recognize the strategic importance of securing , automating , integrating , and collaborating on content , and are investing in the full power of Box , " said Aaron Levie , co - founder and CEO of Box . " The strategy we've been executing on is yielding positive results as reflected in our strong start to FY22 and we're poised to build on our leadership and drive our next phase of growth . " " Q1 was an excellent start to the year , highlighted by strong billings , RPO , and revenue growth , in addition to increased profitability , " said Dylan Smith , Box's co - founder and CFO . " As we build on this momentum and continue to focus on driving profitable growth , we're well positioned to accelerate revenue growth over time and achieve our long - term financial targets . " Fiscal First Quarter Financial Highlights • Revenue for the first quarter of fiscal year 2022 was $ 202.4 million , an increase of 10 % from the first quarter of fiscal year 2021 . Remaining performance obligations as of April 30 , 2021 were $ 864.8 million , an increase of 20 % from the first quarter of fiscal year 2021 . • Deferred revenue as of April 30 , 2021 was $ 423.2 million , an increase of 15 % from the first quarter of fiscal year 2021 . 1/21