Aaron Levie@levie
We just announced our Q1 results at Box, hitting $276.3M in revenue and 25.3% operating margin, both above our guidance, and guided to $1.165-1.17B in revenue for the full year.
A huge thanks to our customers, partners, and Boxers for making this happen. The strength of these results is an early indicator of the broader trends we're starting to see across enterprises going AI-first.
While we’re still early in this journey, we will look back on this period in decades from now and realize that we were at the start of a major new shift in what the future of work and business looks like.
And as companies start to develop AI-first strategies, one thing that's emerging is they're realizing how strategic their data becomes, and in particular their unstructured data -- research documents, contracts, marketing assets, invoices, product specs, and more.
For years the value of content has been limited to only what humans can do with the information, which means most companies have never been able to tap into the full value of this content.
Now in a world of AI, AI Agents thrive on this data, and allow us to tap into its value in completely new ways. Imagine being able to have AI Agents that can comb through any amount of your unstructured data to produce insights or automate work. AI Agents will enable enterprises to streamline a due diligence process on hundreds of thousands of documents in an M&A transaction, correlate trends amongst customer surveys and product research data, onboard employees and make them productive in hours instead of months, or analyze life sciences research to accelerate drug discovery.
What's amazing is that none of this would have been possible even a year ago. But with the cost of AI inference dropping, context windows expanding to support larger data sets, reasoning models handling much more complex tasks, and a better understanding of designing agentic architectures, this all becomes viable.
Importantly, we're building Box AI in an open and interoperable way. Firstly, we're letting customers take advantage of AI models with their content across the major AI model providers, like OpenAI, Anthropic, xAI, Meta, and Google. And we're ensuring our AI Agents are able to be integrated into various AI products like Microsoft 365 Copilot, IBM watsonx Orchestrate, ChatGPT, Google Agentspace, Salesforce Agentforce, ServiceNow AI Agent Fabric, and many more. And for anywhere we're not directly integrated, we're supporting MCP and A2A.
I can say that after being in tech for a couple of decades, this is by far the most exciting period I've ever seen. This transition will be far bigger than the moves to the PC, mobile, or even the internet, because of the sheer impact AI will have on how everything works.
