Box CEO Aaron Levie. Photo credit: Stuart Isett/Fortune Brainstorm Tech, under Creative Commons license

Cloud storage company Box has announced its financial results for the second quarter of this year, reporting $192.3 million in revenue, up 11% year-over-year, and an operating loss of $7.5 million, compared to $36.3 million in the same quarter last year. Box’s revenue is up due to strong demand for cloud storage services on the heels of a coronavirus pandemic that has forced many to primarily work online.

Forecast

For the third quarter of this year, Box is projecting revenue of between $193 million to $195 million. For the full year, the company is projecting revenue of between $767 million to $770 million.