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Sep 30, 2020
8x8 Q2 2021 Earnings Report
Reported strong Q2 2021 with service revenue growth and strategic advancements.
Key Takeaways
8x8, Inc. reported a 17.9% year-over-year increase in total revenue to $129.1 million for Q2 2021. Service revenue grew by 19.3% year-over-year to $120.9 million. The company closed a record number of new customer deals with ARR greater than $100,000 and saw growth in channel and contact center bookings.
Total revenue increased by 17.9% year-over-year to $129.1 million.
Service revenue increased by 19.3% year-over-year to $120.9 million.
Closed a record 48 new customer deals with ARR greater than $100,000, a 60% increase year-over-year.
Total ARR grew to $467.1 million, a 20% increase year-over-year.
8x8
8x8
8x8 Revenue by Segment
Revenue by Segment
Service Revenue
CapyFin.com Forward Guidance
8x8 anticipates continued growth in the next quarter and fiscal year, with a focus on service revenue and managing pre-tax losses.
Positive Outlook
- Third Quarter Fiscal 2021 Total Revenue guidance in the range of $132.0 million to $133.0 million, representing approximately 11% to 12% year-over-year growth.
- Third Quarter Fiscal 2021 Service Revenue guidance in the range of $124.0 million to $125.0 million, representing approximately 12% to 13% year-over-year growth.
- Full-Year Fiscal 2021 Total Revenue guidance in the range of $519.0 million to $522.0 million, representing approximately 16% to 17% year-over-year growth.
- Full-Year Fiscal 2021 Service Revenue guidance in the range of $489.0 million to $492.0 million, representing approximately 18% to 19% year-over-year growth.
Challenges Ahead
- Third Quarter Fiscal 2021 Non-GAAP Pre-Tax Loss guidance of approximately $3.0 million.
- Full-Year Fiscal 2021 Non-GAAP Pre-Tax Loss guidance of approximately $16.0 million.