February 28, 2018 / 9:11 PM / in 4 months

Box Inc reports 24.3 percent rise in quarterly revenue

Feb 28 (Reuters) - Box Inc reported a 24.3 percent rise in fourth-quarter revenue as the cloud storage provider signed up more businesses to its service.

The company’s net loss narrowed to $32.7 million, or 24 cents per share, in the quarter ended Jan. 31 from $36.9 million, or 28 cents per share, a year earlier.

Redwood City, California-based Box said its revenue rose to $136.7 million from $109.9 million. (Reporting by Arjun Panchadar and Shariq Khan in Bengaluru; Editing by Maju Samuel)

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