8x8 Q2 FY2023: Revenue $187.4M (+24% YoY); Non-GAAP op profit $9.1M; raises FY outlook

8X8 INC /DE/

2023-Q2 EPS reported -$0.32 revenue$375,009,000

Total revenue $187.4M (+24% YoY), service revenue $178.6M (+25%); enterprise ARR $401M (+42%).
GAAP operating loss narrowed to $25.0M from $37.2M; non-GAAP op profit $9.1M, up 368% YoY.
Cash from operations $13.8M (+171% YoY); cash & investments $132.3M at quarter-end.
Retired ~$404M of 2024 notes via exchange for $202M new 2028 notes + $182M cash from $250M term loan; repurchased 10.7M shares for ~$60M.
Raised non-GAAP operating margin guidance for FY2023; targets double-digit margins in FY2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

8X8 INC /DE/ reported second quarter of fiscal 2023 ended September 30, 2022 results: revenue $187.4 million. Guidance raised.

Period: second quarter of fiscal 2023 ended September 30, 2022
Revenue: $187.4 million
Guidance: raised
Result: reported results

Exact text from the filing

financial results for the second quarter of fiscal 2023 ended September 30, 2022. Second Quarter Fiscal 2023 Financial Results: • Total revenue increased 24% year-over-year to $187.4 million, including Fuze revenue of $28.4 million. • Service revenue increased 25% year-over-year to $178.6 million, including Fuze revenue of $27.9 million. • GAAP operating loss was

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accession 0001023731-22-000206

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