On Thursday, Shares of Box Inc (NYSE:BOX), lost -0.15% to $12.92.
Box , declared financial results for the second quarter of fiscal 2016, which ended July 31, 2015. During the quarter, Box surpassed 50,000 customers globally, adding or expanding deployments with thousands of companies, counting Airbnb, Alcoa, Cushman & Wakefield, Lionsgate, Limited Brands, Uber, and IBM.
Fiscal Second Quarter Financial Highlights
- Revenue was $73.5 million for the second quarter of fiscal 2016, an improvement of 43% from the second quarter of fiscal 2015.
- Billings in the second quarter of fiscal 2016 were $79.6 million, an improvement of 45% from the second quarter of fiscal 2015.
- Non-GAAP operating loss in the second quarter of fiscal 2016 was $32.7 million, or 45% of revenue. This compares to non-GAAP operating loss of $29.4 million, or 57% of revenue, in the second quarter of fiscal 2015. GAAP operating loss in the second quarter of fiscal 2016 was $49.8 million, or 68% of revenue. This compares to GAAP operating loss of $38.3 million, or 74% of revenue, in the second quarter of fiscal 2015.
- Non-GAAP net loss per share attributable to common stockholders, basic and diluted, in the second quarter of fiscal 2016 was $0.28 on 120.4 million shares outstanding, contrast to $2.01 in the second quarter of fiscal 2015 on 14.5 million shares outstanding. GAAP net loss per share attributable to common stockholders, basic and diluted, in the second quarter of fiscal 2016 was $0.42 on 120.4 million shares outstanding, contrast to $2.71 in the second quarter of fiscal 2015 on 14.5 million shares outstanding.
- Net cash used in operating activities in the second quarter of fiscal 2016 totaled $21.7 million. This compares to net cash used in operating activities of $26.3 million in the second quarter of fiscal 2015.
- Cash, cash equivalents and marketable securities were $242.2 million as of July 31, 2015. In addition, we have restricted cash of $28.4 million primarily related to our leased facilities.
Box, Inc. provides a cloud-based enterprise content partnershipplatform that enables organizations of various sizes to access, store, share, and manage their content/information.
Shares of Firstmerit Corp (NASDAQ:FMER), declined -2.19% to $17.89, during its last trading session.
FirstMerit Corporation, declared that it has introduced a down payment assistance program for homebuyers in the City of Detroit in partnership with the Detroit Land Bank. FirstMerit will grant up to $30 thousand for down payment or renovation to qualified applicants buying or fixing up homes purchased from the Detroit Land Bank. The purpose of the grant is to cover the cost between value of the home and the total acquisition cost.
The Detroit Land Bank is a public entity that acquires, holds, manages, develops and disposes of vacant and abandoned properties. Assisting home buyers who want to purchase homes from the Detroit Land Bank assists stabilize neighborhoods and eliminate blight, improving the quality of life for Detroit residents.
FirstMerit Corporation operates as the bank holding company for FirstMerit Bank N.A. that provides various banking, fiduciary, financial, insurance, and investment services to corporate, institutional, and individual customers.
At the end of Thursday’s trade, Shares of Callidus Software Inc. (NASDAQ:CALD), gained 2.26% to $18.10.
Callidus Software, has declared a partnership with ServiceMax that will combine the CallidusCloud CPQ (configure, price, quote) solution with the ServiceMax mobile field service solution, giving field service representatives the ability to quickly configure and present a professional quote while in front of a customer to drive sales.
This is the first time ServiceMax will have a certified CPQ solution to serve field service customers of all sizes and in a variety of markets. The addition of the industry’s leading CPQ solution turns ServiceMax-equipped field service technicians into a revenue generating team, and presents the opportunity to capitalize on revenue opportunities at the time of sale.
Callidus Software Inc. provides enterprise software and related services to telecommunications, insurance, banking, and technology markets worldwide. It offers Marketing Automation to generate sales leads by capturing intelligence about buyers’ behaviors and engaging them across multiple channels; Territory and Quota to evaluate territory, quota distribution plans, and strategies for meeting corporate sales aims; Enablement that provides sales content at each step of the sales cycle; Litmos Learning Administration System for training; Litmos Content to create courses that can be published to desktop browsers and mobile devices; and Sales Performance Manager to set targeted coaching plans to the individual sales professional.
Finally, Magna International Inc. (USA) (NYSE:MGA), ended its last trade with 0.10% gain, and closed at $50.76.
Magna International Inc., declared that it has reached an underwriting agreement providing for the issuance of U.S. $650 million aggregate principal amount of its senior unsecured notes following an effective shelf registration statement formerly filed with the Securities and Exchange Commission.
The notes will bear interest at an annual rate of 4.150% and will mature on October 1, 2025 . The offering is predictable to close on September 23, 2015 , subject to customary closing conditions.
Magna intends to use the net proceeds from the offering for general corporate purposes, counting capital expenditures and the formerly declared acquisition of the Getrag Group of Companies.
Magna International Inc. develops, manufactures, engineers, supplies, and sells automotive products. It operates through North America, Europe, Asia, and Rest of World segments. The company offers body and chassis systems, and related engineering services; seating systems, counting complete seating systems, seat structures and mechanisms, and foam and trim products; interior components and systems, such as garnish and hard trim, soft trim, instrument panels and consoles, overhead systems, and door panels, in addition to powertrain systems, such as driveline systems, fluid pressure and controls, metal forming solutions, and engineering services and system integration solutions.
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