1、2022Proxy Statement and Annual Report The Content Cloud Secure your content and power collaboration on one platformWe thank you for your continued support as weexecute on our strategy of profitable growth andfurther our mission of powering how the worldworks together.Aaron LevieWe exited fiscal 2022
2、 in the strongest financialposition in our history and we are confident in ourability to deliver long-term value for all Boxstakeholders.Bethany MayerMay 27,2022Dear Fellow Stockholders,It is our pleasure to invite you to attend the 2022 annual meeting of stockholders of Box,Inc.More details on thea
3、nnual meeting can be found in the enclosed notice for the annual meeting and proxy materials.Fiscal 2022 was a phenomenal year at Box,as we executed on our strategy to increase profitability whileinvesting for growth.This has led Box to the strongest financial position in its history.Our fiscal 2022
4、 results,withaccelerating quarterly revenue growth,record operating margins and consistent free cash flow generation has ledto significant value creation for Box stockholders over the past year.This was accomplished while we continued tobring advancements to our category-defining Content Cloud platf
5、orm.In fiscal 2022 we delivered 13%annual revenue growth,an acceleration from 11%a year ago,and drove significantmargin expansion to achieve a(3)%operating margin and a 20%non-GAAP operating margin,up from 15%a yearago.We improved our Net Retention Rate to 111%,up from 102%in fiscal 2021.Net cash pr
6、ovided by operatingactivities was$235 million,and we generated free cash flow of$170 million and ended fiscal 2022 with$587 million incash and investments.We executed on our share repurchase plans,and for the full year of fiscal 2022,werepurchased 22.6 million shares for approximately$567 million.An