Box (BOX) stock jumped late Tuesday after the file-sharing and enterprise software company reported fiscal first quarter earnings and sales that beat expectations. The company also raised its sales outlook for the rest of its fiscal year.

The Redwood City, Calif.-based Box said that it earned an adjusted 30 cents per share on sales of $276 million for the April-ended quarter. Analysts polled by FactSet projected Box would post adjusted earnings of 26 cents per share on sales of $275 million.

Adjusted earnings declined 23% while sales increased 4%. The earnings included a negative impact of 12 cents per share for the recognition of "noncash deferred tax expenses," Box said in a news release.

For the current July-ending quarter, Box guided for sales of $290.5 million at the midpoint of its range. Analysts were projecting Box to report $284 million in sales for the period, according to FactSet. Box also raised its fiscal year sales guidance to $1.168 billion at the midpoint of its range, compared to a previous $1.158 billion the company gave in March. The company's fiscal year ends with January 2026.

The quarterly sales guidance includes a boost from foreign-exchange of about 2.2%. Box collects a third of its revenue outside the U.S., the company noted, about 65% of which is in Japanese Yen.

But the software company also said AI is helping boost its products. Chief Executive Aaron Levie said in a news release that AI is "revolutionizing work and business."

Box earlier this month revealed a new AI Agents tools it said could be used for "search, Deep Research, and enhanced data extraction" for companies using Box's collaboration tools.

"As we address the vast opportunity of AI to transform unstructured data into actionable insight, our balanced financial approach allows us to invest confidently in our ICM (Intelligent Content Management) platform while delivering profitable growth and consistently returning value to our shareholders," CFO Dylan Smith said in the company's news release.

On the stock market today, Box stock is up more than 10% at 34.69 in recent after-hours action.

Box Stock: Technical Ratings

Founded in 2005, Box says its data-sharing tools are used by 68% of the Fortune 500. Shares gained 25% last year, as Box integrated artificial intelligence tools into its enterprise software platform.

Box stock is also ahead about 25% compared to 12 months ago. But shares are trading roughly flat year-to-date, as of Tuesday's close.

Coming into the report, Box stock had a weak IBD Composite Rating of 62 out of a best-possible 99, according to IBD Stock Checkup. The score combines five separate proprietary ratings into one rating. The best growth stocks have a Composite Rating of 90 or better.

Further, Box's IBD Relative Strength Rating was 69 out of 99.