Cloud storage company Box raises full-year forecast for second time

(Reuters) – Cloud storage provider Box Inc reported a better-than-expected rise in quarterly revenue and raised its full-year revenue forecast for the second time as more customers subscribed to its content-sharing platform. Box expects full year revenue of $295 million to $297 million, up from $286 million to $290 million, it said in a statement on Wednesday

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Shutterfly quarterly revenue rises 15.5 percent

(Reuters) – Shutterfly Inc reported a 15.5 percent rise in quarterly revenue as more customers used its personalized photo-based products and services. The company’s net loss narrowed to $23.8 million, or 63 cents per share, in the second quarter ended June 30 from $27.1 million, or 70 cents per share, a year earlier. Net revenue rose to $183.9 million from $159.1 million.

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