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Sep 30, 2021
8x8 Q2 2022 Earnings Report
Reported second quarter fiscal 2022 financial results with service revenue growth of 18% year-over-year and total ARR increased 18% year-over-year.
Key Takeaways
8x8, Inc. reported strong second-quarter fiscal 2022 results, demonstrating growing adoption and enterprise demand for its integrated 8x8 XCaaSTM solution. Total revenue increased by 17% year-over-year, and service revenue grew by 18% year-over-year. The company also saw a significant contribution from channel partners and introduced two industry advancements.
Total revenue increased 17% year-over-year to $151.6 million.
Service revenue increased 18% year-over-year to $142.4 million.
GAAP Operating Loss was $37.2 million; Non-GAAP Operating Profit was $1.9 million.
Total ARR of $553 million, an increase of 18% from the same period last year.
Revenue by Segment
Forward Guidance
Management provides expected ranges for total revenue, service revenue and non-GAAP operating margin based on its evaluation of the current business environment.
Positive Outlook
- Total revenue in the range of $152.7 million to $154.2 million, representing approximately 12% to 13% year-over-year growth.
- Service revenue in the range of $144 million to $145 million, representing approximately 13% to 14% year-over-year growth.
- Total revenue increased to a range of $611 million to $615 million from the prior range of $604 million to $612 million.
- The updated outlook represents year-over-year growth of approximately 15% to 16%.
- Service revenue increased to a range of $572.5 million to $576.5 million from the prior range of $564 million to $572 million.
Challenges Ahead
- These expectations are subject to various important cautionary factors referenced in the section entitled "Forward-Looking Statements".
- Customer adoption and demand for our products may be lower than we anticipate.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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