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Dec 31, 2021
8x8 Q3 2022 Earnings Report
Reported financial results for the third quarter of fiscal year 2022.
Key Takeaways
8x8, Inc. reported a 15% year-over-year increase in total revenue, reaching $156.9 million. Service revenue increased by 18% year-over-year to $149.4 million. The company achieved non-GAAP operating profitability and positive cash flow from operations for the fourth consecutive quarter.
Total revenue increased 15% year-over-year to $156.9 million.
Service revenue increased 18% year-over-year to $149.4 million.
GAAP operating loss was $37.6 million; Non-GAAP operating profit was $3.1 million.
Total ARR of $572 million, an increase of 16% from the same period last year.
8x8
8x8
8x8 Revenue by Segment
Revenue by Segment
Service Revenue
CapyFin.com 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. The acquisition of Fuze, Inc. closed on January 18, 2022. Fourth quarter and fiscal year 2022 results, when reported, will include Fuze revenue and expenses from the closing date.
Positive Outlook
- Service revenue in the range of $173.5 million to $175.5 million, including estimated Fuze revenue of approximately $20 million. At the midpoint, this represents year-over-year growth of 30% inclusive of estimated Fuze revenue.
- Other revenue in the range of $6 million to $7 million.
- Total revenue in the range of $180 million to $182 million, including estimated Fuze revenue of approximately $20 million. At the midpoint, this represents year-over-year growth of 25% inclusive of estimated Fuze revenue.
- Positive non-GAAP operating margin.
- The range for service revenue is increased to $603 million to $605 million, including estimated Fuze revenue of approximately $20 million, from the prior range of $572.5 million to $576.5 million.