Box’s OpenAI, Anthropic & Google Partnerships — Can Model-Neutral AI Unlock More Growth?

Box, Inc. reported strong financial results for its second quarter of fiscal 2027, continuing a trend of accelerating revenue growth driven by increasing adoption of its Enterprise Advanced offering and Box AI capabilities. The company posted revenue of $321 million, a 9% increase year-over-year (11% in constant currency), exceeding guidance. Operating margins expanded to 29.4%, with operating income of $95 million, exceeding expectations despite a foreign exchange headwind. Key customers, including multinational investment banks and major federal agencies, upgraded to Enterprise Advanced, contributing to 17% billings growth and 15% growth in remaining performance obligations (RPO), which reached $1.7 billion. Net retention improved to 106%, above the 105% guidance, supported by both price and seat expansions. Box emphasized progress in building an intelligent content management platform that incorporates AI agentic workflows designed to securely unlock and automate value from unstructured enterprise data.