Tech

Box CEO bullish on partnerships with Apple, IBM

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IBM will be significant for us: Box CEO

Box had a "breakout" quarter in terms of growth and has a bright future ahead in its partnerships with IBM and Apple, CEO Aaron Levie said Thursday.

On Wednesday, the cloud storage provider reported a loss of 28 cents per share for its fiscal second quarter, beating expectations. It also posted a 43 percent year-over-year increase in revenue and raised its growth forecast for the year.

In an interview with CNBC's "Closing Bell," Levie said the company expects to achieve positive free cash flow by January 2017, but in the meantime is focused on capturing market share.

Part of that plan includes partnerships with names like Apple, which unveiled product updates like a larger iPad and more powerful iPhone on Wednesday. Box stores the content that can be accessed from those devices.

"Apple, I think, is on fire in terms of the amount of innovation that they're driving," Levie said.



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Apple Senior Vice President of Worldwide Marketing Phil Schiller speaks on stage during a Special Event at Bill Graham Civic Auditorium September 9, 2015 in San Francisco, California.
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Aaron Levie, CEO, Box
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He thinks the iPhone and iPad are changing the landscape of enterprise IT with a level of mobility that isn't possible with personal computers that are inside corporate offices.

Another big partnership is with IBM, which Levie said is different from Box's other collaborations.

"IBM will be uniquely significant for us because of the scale of how we're investing in the partnership as well as how IBM is investing in the partnership," he said. "Together we're going to be bringing joint solutions to market that really change how companies manage and secure their information."

However, a "substantial" partnership with IBM doesn't mean Box is considering being acquired by the tech giant.

"At Box, we're very focused on staying independent," Levie said.

—Reuters contributed to this report.

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