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8x8(EGHT) - 2023 Q2 - Quarterly Report
2022-11-02 16:00
Table of Contents Title of each class Trading Symbol Name of each exchange on which registered COMMON STOCK, PAR VALUE $.001 PER SHARE EGHT New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __ ...
8x8(EGHT) - 2023 Q2 - Earnings Call Transcript
2022-10-28 02:44
Financial Data and Key Metrics Changes - Total revenue for Q2 2023 was $187.4 million, a 24% increase year-over-year, within the guidance range of $185 million to $188 million [28] - Service revenue was $178.6 million, up 25% year-over-year, also in line with guidance [28] - Non-GAAP gross margin was 70.1%, up nearly 600 basis points year-over-year [33] - Non-GAAP operating profit was $9.1 million, reflecting a year-over-year increase but a slight sequential decline [36] Business Line Data and Key Metrics Changes - Enterprise ARR grew more than 40% year-over-year, accounting for 58% of total ARR [10] - XCaaS ARR continued to grow at approximately 40% year-over-year, representing over 35% of total ARR [10] - CPaaS business faced challenges with a sequential decline for the third consecutive quarter, impacted by currency fluctuations and macroeconomic headwinds [11][27] Market Data and Key Metrics Changes - The strengthening dollar negatively impacted total revenue by about $1 million for the quarter [29] - Small business ARR showed modest sequential growth, reflecting good retention and upsell in the U.S. and U.K. [12] Company Strategy and Development Direction - The company is focusing on profitability and cash flow generation, increasing operating margin guidance to above 5% for the year [13] - Continued investment in innovation and customer experience is emphasized, particularly in the contact center and unified communications sectors [9][50] - The company aims to leverage its unified XCaaS platform as a competitive advantage, especially in a cautious spending environment [14] Management's Comments on Operating Environment and Future Outlook - Management noted that while revenue may fluctuate due to foreign exchange, operating income and cash flow remain less impacted [43] - The company is optimistic about achieving double-digit operating margins in fiscal year 2024 through improved efficiency and cost containment [13][45] Other Important Information - The Fuze acquisition has exceeded expectations and contributed positively to operating margins [9] - The company has made significant progress in refinancing its debt, enhancing financial flexibility [39][40] - Cash from operations was approximately $13 million for the quarter, indicating solid cash flow management [41] Q&A Session Summary Question: Can you discuss the slight change in revenue guidance related to FX and CPaaS? - Management confirmed that the change in guidance is primarily due to foreign exchange effects, with CPaaS stabilizing [52][54] Question: How is the channel business shaping up, particularly with XCaaS? - The channel is a significant driver of new business, with over half of new business coming from partners selling XCaaS [59] Question: Are you seeing reductions in headcount within your existing customer base? - Management indicated that while there are occasional reductions during renewals, most enterprise customers have well-structured contracts [66] Question: What trends are seen in the enterprise segment and visibility for the second half of the fiscal year? - The enterprise segment is performing well, with FX being a significant headwind; visibility remains consistent with past performance [72][73] Question: How is the integration of Fuze progressing? - The integration is on track, with plans to launch seamless upgrades to the XCaaS platform early next year [81]
8x8(EGHT) - 2023 Q1 - Quarterly Report
2022-07-31 16:00
Table of Contents Title of each class Trading Symbol Name of each exchange on which registered COMMON STOCK, PAR VALUE $.001 PER SHARE EGHT New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ ...
8x8(EGHT) - 2023 Q1 - Earnings Call Transcript
2022-07-28 00:53
8x8, Inc. (NASDAQ:EGHT) Q1 2023 Earnings Conference Call July 27, 2022 4:30 PM ET Company Participants Kate Patterson - Head, Investor Relations David Sipes - Chief Executive Officer Hunter Middleton - Chief Product Officer Samuel Wilson - Chief Financial Officer Conference Call Participants Sitikantha Panigrahi - Mizuho Securities Ryan MacWilliams - Barclays Meta Marshall - Morgan Stanley Matthew VanVliet - BTIG Peter Levine - Evercore ISI James Breen - William Blair Timothy Horan - Oppenheimer Charles Erl ...
8x8(EGHT) - 2022 Q4 - Annual Report
2022-05-26 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to _________ Commission file number 000-38312 Title of each class Trading Symbol Name of each exchange on which registered COMMON STOCK, PAR VALUE $.00 ...
8x8(EGHT) - 2022 Q4 - Earnings Call Transcript
2022-05-11 00:40
8x8, Inc. (NASDAQ:EGHT) Q4 2022 Earnings Conference Call May 10, 2022 5:00 PM ET Company Participants Kate Patterson - Head, Investor Relations Dave Sipes - Chief Executive Officer Sam Wilson - Chief Financial Officer Conference Call Participants Mike Funk - Bank of America Meta Marshall - Morgan Stanley Peter Levine - Evercore James Breen - William Blair Charlie Erlikh - Baird Ryan Koontz - Needham and Co. Matt VanVliet - BTIG Operator Good evening. Thank you for attending today's 8x8 Q4 2022 Earnings Cal ...
8x8(EGHT) - 2022 Q3 - Earnings Call Transcript
2022-02-03 00:53
8x8, Inc. (NASDAQ:EGHT) Q3 2022 Earnings Conference Call February 2, 2022 5:00 PM ET Company Participants Kate Patterson - Vice President, Investor Relations Dave Sipes - Chief Executive Officer Sam Wilson - Chief Financial Officer Conference Call Participants Matt Diamond - Mizuho Matt VanVliet - BTIG Ryan MacWilliams - Barclays Austin Williams - Wells Fargo Peter Levine - Evercore Meta Marshall - Morgan Stanley Michael Latimore - Northland Capital Markets George Sutton - Craig Hallum James Breen - William ...
8x8(EGHT) - 2022 Q3 - Quarterly Report
2022-02-02 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol Name of each exchange on which registered COMMON STOCK, PAR VALUE $.001 PER SHARE EGHT New York Stock Exchange FORM10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to _________ ...
8x8(EGHT) - 2022 Q2 - Earnings Call Transcript
2021-11-03 03:09
8x8, Inc. (NASDAQ:EGHT) Q2 2022 Earnings Conference Call November 2, 2021 5:00 PM ET Company Participants Kate Patterson - VP, IR David Sipes - CEO Samuel Wilson - CFO Conference Call Participants Chirag Ved - Evercore ISI Michael Tulin - Wells Fargo Meta Marshall - Morgan Stanley Ryan Koontz - Needham & Company Will Power - Baird Alex Kim - Mizuho Securities George Sutton - Craig Hallum Tim Horan - Oppenheimer James Breen - William Blair Rachel Freeman - BTIG Operator Good afternoon. My name is Tania, and ...
8x8(EGHT) - 2022 Q2 - Quarterly Report
2021-11-02 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol Name of each exchange on which registered COMMON STOCK, PAR VALUE $.001 PER SHARE EGHT New York Stock Exchange FORM10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to _________ ...