8x8 reports Q4 GAAP operating profit; FY23 revenue up 17% to $743.9M; debt prepaid $25M

8X8 INC /DE/

2023-FY EPS reported -$0.63 revenue$743,938,000

Q4 total revenue $184.5M (+2% YoY); GAAP operating profit $3.5M vs loss of $40.5M in Q4 FY22.
FY23 service revenue $710M (+18% YoY); non-GAAP operating profit $62.4M (8.4% margin) vs $10.6M.
ARR $703M (+2% YoY); Enterprise ARR $405M (58% of total); 8x8 Voice for Teams licenses more than doubled YoY.
Voluntarily prepaid $25M on term loan due 2027, reducing principal to $225M; repurchased $5M of 2024 Convertible Notes.
Introduced AI features: Intelligent Customer Assistant, OpenAI Whisper integration, enhanced contact center capabilities.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

8X8 INC /DE/ reported financial results for the fourth quarter and fiscal year 2023 ended March 31, 2023.

Period: the fourth quarter and fiscal year 2023 ended March 31, 2023
Result: reported results

Exact text from the filing

On May 11, 2023 8x8, Inc. (the "Company") issued a press release announcing its financial results for the quarter and fiscal year ended March 31, 2023.

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Source: SEC EDGAR

accession 0001023731-23-000048

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