Revenue during the quarter grew 29.35 percent to $109.93 million from $84.98 million in the previous year period. Gross margin for the quarter expanded 333 basis points over the previous year period to 73.11 percent. Operating margin for the quarter stood at negative 33.11 percent as compared to a negative 58.32 percent for the previous year period.

Operating loss for the quarter was $36.39 million, compared with an operating loss of $49.56 million in the previous year period.

However, the adjusted operating loss for the quarter stood at $12.66 million compared to operating loss of $31.13 million in prior year period.

"Fiscal 2017 was a milestone year for Box as we achieved record revenue with growth of 32% year-over-year and delivered on our commitment to generate positive free cash flow for the first time in the fourth quarter," said Aaron Levie, co-founder and chief executive officer of Box. "Box is raising the bar in cloud content management. We've consistently delivered innovative new products, set the standard for security and compliance, and helped customers in every industry move to the cloud with confidence. We are driving towards a $1 billion long-term revenue target, and this year we plan to invest for scale while continuing to drive operating leverage."

For the first-quarter 2018, BOX INC expects revenue to be in the range of $500 million to $504 million. The company forecasts diluted loss per share to be in the range of $1.27 to $1.23. On an adjusted basis, the company projects diluted loss per share to be in the range of $0.49 to $0.45. 

For financial year 2018, BOX INC expects revenue to be in the range of $114 million to $115 million. The company projects diluted loss per share to be in the range of $0.33 to $0.32. The company projects diluted loss per share to be in the range of $0.15 to $0.14 on adjusted basis.

The company has spent $7.57 million cash to meet investing activities during the year as against cash outgo of $80.86 million in the last year. It has incurred net capital expenditure of $14.87 million on net basis during the year, down 79.67 percent or $58.27 million from year ago.

Cash flow from financing activities was $0.48 million for the year, down 80.94 percent or $2.03 million, when compared with the last year.

Cash and cash equivalents stood at $177.39 million as on Jan. 31, 2017, down 4.50 percent or $8.35 million from $185.74 million on Jan. 31, 2016.

Working capital drops significantly
BOX INC has witnessed a decline in the working capital over the last year. It stood at $24.16 million as at Jan. 31, 2017, down 65.25 percent or $45.37 million from $69.53 million on Jan. 31, 2016. Current ratio was at 1.08 as on Jan. 31, 2017, down from 1.28 on Jan. 31, 2016.

At the same time, days payable outstanding went down to 10 days for the quarter from 18 for the same period last year.