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.
