By Connor Hart
Box's board of directors approved a $150 million expansion to the cloud-storage firm's existing share repurchase plan.
The Redwood City, Calif., company had about $52 million of buyback capacity remaining under its current plan as of Jan. 31, it said Tuesday.
Box last expanded its share repurchase plan in August, when its board approved a $100 million boost after its buyback capacity fell to about $25 million.
The expansion came as Box logged higher revenue in its fiscal fourth quarter as it boosts its artificial-intelligence technology offering, but warned of a significant hit to profitability from a stronger U.S. dollar.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
March 04, 2025 17:02 ET (22:02 GMT)
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