Box has reported revenue of $153m in its third quarter, representing an 80 percent rise on the figure of $85m during the same quarter last year. It also reaffirmed its decision to float on the New York Stock Exchange.
Box cited an increase in subscription services as the reason for the rise, claiming that 44,000 of its 275,000-strong customer base are now paying for the service. Box revealed the figures in a filing to the Securities and Exchange Commission (SEC).
Box also reported that it has 32 million registered users on its cloud platform, boasting that these include 99 percent of the Fortune 500.
Box also noted that the largest single deployment of its services was to 97,000 users at an undisclosed company, although this is likely to change once it completes a rollout to 300,000 General Electric users in a deal secured in May.
Box also reported a reduction in the losses it has suffered since 2011, coming in at around $45m this quarter from $51m in the same period last year.
The increased revenue and reduced losses should put Box in a better position for its move to become a public company.
Box has filed to be floated on the New York Stock Exchange, but has not provided any details as to when shares will be made available for purchase.
The company stated only that public selling will be implemented as soon as is practical after its US Securities and Exchange Commission S-1 application becomes effective.
A Box spokesperson outlined the company's goals for the flotation in a statement sent to V3.
"Our plan continues to be to go public when it makes the most sense for Box and the market. As always, investing in our customers, technology and future growth remains our top priority," they said.
Box originally filed for an IPO of $250m in March, but put the move on hold as technology shares were not sufficiently buoyant.
Box is having a busy end to 2014. The company recently announced Box Trust, an initiative in partnership with 19 security and cloud companies to bolster the way content is managed and protected in a cloud environment.
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