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Jun 30, 2020
8x8 Q1 2021 Earnings Report
Reported first quarter fiscal 2021 financial results with service revenue and total ARR growth.
Key Takeaways
8x8, Inc. reported a 26% increase in total revenue, reaching $121.8 million, and a 27.1% increase in service revenue, totaling $114.2 million. The company's total ARR grew by 30% year-over-year. GAAP Pre-Tax Loss was $41.7 million and Non-GAAP Pre-Tax Loss was $7.6 million.
Total revenue increased 26.0% year-over-year to $121.8 million.
Service revenue increased 27.1% year-over-year to $114.2 million.
GAAP Pre-Tax Loss was $41.7 million; Non-GAAP Pre-Tax Loss was $7.6 million.
Total ARR grew 30% year-over-year.
8x8
8x8
8x8 Revenue by Segment
Revenue by Segment
Service Revenue
CapyFin.com Forward Guidance
The Company is providing guidance for the second quarter of fiscal 2021 ending September 30, 2020. With the continued uncertainty surrounding the ongoing impact of COVID-19, the Company is not providing full-year fiscal 2021 guidance.
Positive Outlook
- Total Revenue guidance in the range of $125.5 million to $126.5 million, representing approximately 15% to 16% year-over-year growth.
- Service Revenue guidance in the range of $117.3 million to $118.3 million, representing approximately 16% to 17% year-over-year growth.
- Non-GAAP Pre-Tax Loss guidance of approximately $7.5 million.