8x8 Q3 fiscal 2023 revenue up 18% YoY to $184.4M; non-GAAP operating profit jumps 485% to $18.3M

8X8 INC /DE/

2023-Q3 EPS reported -$0.55 revenue$559,409,000

Total revenue $184.4M (+18% YoY), service revenue $175.8M; GAAP operating loss improved to $18.1M from $37.6M.
Non-GAAP operating profit $18.3M (+485% from $3.1M); non-GAAP gross margin 72% (up from 65%).
ARR $698M (+22% YoY); Enterprise ARR $400M (+30%); customers >$100k ARR reached 1,309 (up from 907).
Operating cash flow $15.5M (+72%); repurchased $21.8M of 2024 convertible notes; cash $131.7M.
Interim CEO Samuel Wilson appointed; CFO Kevin Kraus and Chief Legal Officer Laurence Denny named.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

8X8 INC /DE/ reported the third quarter of fiscal 2023 ended December 31, 2022 results: revenue $184.4 million.

Period: the third quarter of fiscal 2023 ended December 31, 2022
Revenue: $184.4 million
Result: reported results

Exact text from the filing

financial results for the third quarter of fiscal 2023 ended December 31, 2022. Third Quarter Fiscal 2023 Financial Results: • Total revenue increased 18% year-over-year to $184.4 million, including Fuze revenue of $26.5 million. • Service revenue increased 18% year-over-year to $175.8 million, including Fuze revenue of $26.5 million. • GAAP operating loss was

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Source: SEC EDGAR

accession 0001023731-23-000015

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