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Mar 31, 2022
8x8 Q4 2022 Earnings Report
Reported a 25% increase in fourth quarter revenue and a positive operating cash flow.
Key Takeaways
8x8, Inc. reported a 25% year-over-year increase in fourth-quarter revenue, reaching $181 million. The company also saw a 20% increase in fiscal year 2022 revenue, totaling $638 million. Enterprise ARR increased by 55% year-over-year, reaching $393 million, and the company achieved positive operating cash flow for both the quarter and the fiscal year.
Fourth quarter revenue increased 25% year-over-year to $181 million.
Fiscal year 2022 revenue increased 20% year-over-year to $638 million.
Enterprise ARR increased 55% year-over-year to $393 million.
Positive operating cash flow of $17 million for the fourth quarter.
Forward Guidance
The company provided financial outlook for the first quarter and fiscal year 2023, including expected ranges for total revenue, service revenue, and non-GAAP operating margin.
Positive Outlook
- Service revenue in the range of $177 million to $180 million for Q1 2023, representing year-over-year growth of approximately 30% at the midpoint.
- Total revenue in the range of $185 million to $188 million for Q1 2023, representing year-over-year growth of approximately 26% at the midpoint.
- Non-GAAP operating margin in the range of 2% to 2.5% for Q1 2023.
- Service revenue in the range of $740 million to $755 million for fiscal year 2023, representing year-over-year growth of 24% at the midpoint.
- Total revenue in the range of $775 million to $790 million for fiscal year 2023, representing year-over-year growth of approximately 23% at the midpoint.
Challenges Ahead
- Non-GAAP operating margin in the range of 2% to 3% for fiscal year 2023.
- Forward-looking estimates of non-GAAP operating margin are not reconciled to the corresponding GAAP measures due to the variability and difficulty in making accurate forecasts.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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