secwatch.observer — SEC 8-K summary
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Issuer:     8X8 INC /DE/ (EGHT)
CIK:        0001023731
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0001023731-21-000158
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023731/000102373121000158/0001023731-21-000158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023731/000102373121000158/eght-20210730.htm
  HTML page:      https://secwatch.observer/filing/0001023731-21-000158

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