secwatch.observer — SEC 8-K summary
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Issuer:     8X8 INC /DE/ (EGHT)
CIK:        0001023731
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001023731-23-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1023731/000102373123000048/0001023731-23-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1023731/000102373123000048/eght-20230511.htm
  HTML page:      https://secwatch.observer/filing/0001023731-23-000048

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