Business
8x8, Inc. Reports Fourth Quarter and Fiscal 2022 Financial Results
Fourth quarter revenue increased 25% year-over-year to $181 million. Fiscal 2022 revenue increased 20% year-over-year to $638 million. Enterprise ARR
About this update from 8x8 Inc
[{"type":"text","content":"\n\nFourth quarter revenue increased 25% year-over-year to $181 million.\n\n\nFiscal 2022 revenue increased 20% year-over-year to $638 million.\n\n\nEnterprise ARR increased 55% year-over-year to $393 million.\n\n\nPositive operating cash flow of $17 million for fourth quarter and $35 million for fiscal year 2022.\n\n\n CAMPBELL, Calif.--(BUSINESS WIRE)--\n8x8, Inc. (NYSE: EGHT), a leading integrated cloud communications platform provider, today reported financial results for the fourth quarter and fiscal year 2022 ended March 31, 2022.\n\nFourth Quarter Fiscal 2022 Financial Results:\n\n\nTotal revenue increased 25% year-over-year to $181.4 million, including Fuze revenue of $24.1 million.\n\n\nService revenue increased 29% year-over-year to $172.8 million, including Fuze revenue of $23.9 million.\n\n\nGAAP operating loss was $40.5 million, compared to a GAAP operating loss of $40.0 million in the fourth quarter fiscal 2021.\n\n\nNon-GAAP operating profit was $4.2 million, compared to non-GAAP operating profit of $0.6 million in fourth quarter fiscal 2021.\n\n\nFiscal 2022 Financial Results:\n\n\nTotal revenue increased 20% year-over-year to $638.1 million, including Fuze revenue of $24.1 million.\n\n\nService revenue increased 21% year-over-year to $602.4 million, including Fuze revenue of $23.9 million.\n\n\nGAAP operating loss was $154.1 million, compared to a GAAP operating loss of $146.1 million in fiscal 2021.\n\n\nNon-GAAP operating profit was $10.6 million, or 2% of revenue, compared to a non-GAAP operating loss of $11.1 million in fiscal 2021.\n\n\n“We improved non-GAAP operating profitability in every quarter of fiscal 2022 and achieved a non-GAAP operating profit for the year,” said Dave Sipes, Chief Executive Officer at 8x8, Inc. “We also made significant progress on our strategic initiatives by strengthening our management team, increasing our enterprise customer base, closing the Fuze acquisition, expanding our global coverage, and accelerating XCaaS innovation.”\n\n“During the fourth quarter, we introduced industry-leading tailored experiences for the modern workplace with 8x8 Agent Workspace for 8x8 Contact Center and 8x8 Conversation IQ. We also extended 8x8 Global Reach, which provides full cloud PSTN support, to 50 countries and territories, including Thailand and Indonesia. Our continued focus on innovation ...