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  "documentTitle": "Box, Inc. (BOX)",
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  "presentationDate": "2021-08-06 00:00:00",
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  "notes": "The slide uses a timeline-style table to highlight the gap between management's repeated promises of margin improvement and the actual outcomes.",
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      "text": "Despite “driving infrastructure efficiencies”, Box’s gross margin has deteriorated by 700bps since its IPO",
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      "text": "We've talked about sort of balancing the continued data center investments with a lot of the operational efficiency improvements and scale that we're seeing in the model...we'd expect our gross margin to begin trending back upwards sometime in the fiscal '18 year and then to remain in the 75% to 80% range. — Q1 FY2017 Box Commentary",
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