secwatch.observer — SEC 8-K summary
======================================

Issuer:     8X8 INC /DE/ (EGHT)
CIK:        0001023731
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001023731-23-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023731/000102373123000015/0001023731-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023731/000102373123000015/eght-20230201.htm
  HTML page:      https://secwatch.observer/filing/0001023731-23-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer