---
schema_version: "secwatch.filing_event.v1"
accession: "0001023731-23-000128"
form_type: "8-K"
ticker: "EGHT"
cik: "0001023731"
company_name: "8X8 INC /DE/"
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T00:16:30.648055+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# 8x8 Q1 FY2024: Non-GAAP operating profit up 161% YoY to $26.4M; cash flow from operations +353% to $26.5M

## Summary
- Total revenue $183.3M (-2% YoY); service revenue $175.2M (-2% YoY).
- GAAP operating loss improved to $1.4M from $26.8M; non-GAAP operating profit $26.4M (up 161% YoY).
- Cash flow from operations $26.5M, up 353% YoY; voluntarily repaid $25M of Term Loan, reducing principal to $225M.
- Total ARR $703M (+2% YoY); enterprise ARR $404M (58% of total).
- Appointed Sam Wilson as CEO, Kevin Kraus as CFO, Lisa Martin as CRO; added AI self-service and expanded XCaaS features.

## SEC filing metadata
- accession: 0001023731-23-000128
- form_type: 8-K
- ticker: EGHT
- cik: 0001023731
- company_name: 8X8 INC /DE/
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023731/000102373123000128/0001023731-23-000128-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023731/000102373123000128/eght-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001023731-23-000128
- JSON: https://secwatch.observer/filing/0001023731-23-000128.json
- Plain text: https://secwatch.observer/filing/0001023731-23-000128.txt

## Key facts
- Earnings Releases
  8X8 INC /DE/ reported first quarter of fiscal 2024 ended June 30, 2023 results: revenue $183.3 million, net income GAAP Net loss was $15.3 million.
  - Period: first quarter of fiscal 2024 ended June 30, 2023
  - Revenue: $183.3 million
  - Net income: GAAP Net loss was $15.3 million
  - Result: reported results
  source text: Total revenue decreased 2% year-over-year to $183.3 million. • Service revenue decreased 2% year-over-year to $175.2 million. • GAAP operating loss was $1.4 million, compared to GAAP operating loss of $26.8 million in the first quarter of fiscal 2023. • Non-GAAP operating profit was $26.4 million, an increase of 161% compared to non-GAAP operating profit of $10.1 million in the first quarter of fiscal 2023. • GAAP Net loss was $15.3 million compared to GAAP net loss of $26.0 million in the first quarter of fiscal 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023731/000102373123000128/0001023731-23-000128-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.