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How Box is balancing growth and profit as it nears $1B ARR

Box reported fiscal Q2 2023 revenue of $246 million last week, up 15% from its year-ago result. While that pace was down slightly from the 18% growth Box posted in its prior quarter, the rate of expansion appears to be what the company fancies in terms of growth moving forward.
That $246 million figure puts the company on a run rate of nearly $1 billion, a magic milestone for any SaaS company. What’s more, the company’s guidance for the current quarter of between $250 million and $252 million puts it over the top in terms of reaching a 10-figure run rate.
By now, it’s well-known that Box

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