8x8 Q1 revenue up 22% to $148.3M; raises FY22 service revenue guidance

8X8 INC /DE/

2022-Q1 EPS reported -$0.40 revenue$148,327,000

Total revenue $148.3M (+22% YoY); service revenue $137.8M (+21% YoY); GAAP operating loss $38.8M, non-GAAP operating profit $1.3M.
Total ARR grew 24% to $535.8M; customers >$100K ARR up 36% to 824.
Raised FY2022 service revenue guidance to $564-572M (14-15% YoY growth), up from prior $555-565M.
Q2 FY2022 outlook: total revenue $147.5-149.0M, service revenue $138.5-139.5M; expects non-GAAP operating margin positive.
CRO Steve Seger departed effective July 30, 2021; last day Aug 6, 2021; eligible for severance.

item 2.02 item 5.02 item 9.01

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Departed

Steve Seger

Chief Revenue Officer

EGHT · 8X8 INC /DE/

Effective: 2021-07-30
Filed: August 4, 2021, 7:59 PM ET

On July 30, 2021, Steve Seger ceased serving as Chief Revenue Officer of 8x8, Inc. (the “Company”) and his last day of employment with the Company will be August 6, 2021.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Steve Seger departed as Chief Revenue Officer at 8X8 INC /DE/.

Action: ceased serving
Role: Chief Revenue Officer

Exact text from the filing

On July 30, 2021, Steve Seger ceased serving as Chief Revenue Officer of 8x8, Inc. (the “Company”) and his last day of employment with the Company will be August 6, 2021.

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8X8 INC /DE/ filing history →

Source: SEC EDGAR

accession 0001023731-21-000158

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