8x8 Q4 2021 Earnings Report
Key Takeaways
8x8, Inc. reported financial results for the fourth quarter and full-year fiscal 2021 ended March 31, 2021. Total revenue increased 19.1% year-over-year to $144.7 million. The company surpassed its goal of achieving profitability ahead of schedule.
Total revenue increased 19.1% year-over-year to $144.7 million.
Service revenue increased 18.9% year-over-year to $133.8 million.
Closed 45 new customer deals in the fourth quarter of fiscal 2021 with ARR (annual recurring revenue) greater than $100K, an increase of 7% from the same period last year.
Total ARR grew to $518.1 million, an increase of 22% from the same period last year.
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8x8 Revenue by Segment
Forward Guidance
The Company will provide first quarter and full-year fiscal 2022 guidance in connection with this quarterly announcement on its earnings conference call and webcast today.