8x8, Inc. Reports Fourth Quarter and Fiscal Year 2023 Financial Results
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Thursday, May 11, 2023
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8x8, Inc. (NASDAQ: EGHT), a leading integrated cloud communications platform provider, today reported financial results for the fourth quarter and fiscal year 2023 ended March 31, 2023.
Key Points:
- 8x8, Inc. (NASDAQ: EGHT), a leading integrated cloud communications platform provider, today reported financial results for the fourth quarter and fiscal year 2023 ended March 31, 2023.
- Fourth Quarter Fiscal 2023 Financial Results:
Total revenue increased 2% year-over-year to $184.5 million, including Fuze revenue of $26.9 million. - GAAP operating profit was $3.5 million, compared to GAAP operating loss of $40.5 million in the fourth quarter fiscal 2022.
- Fourth Quarter Fiscal 2023 Financial Metrics and Recent Business Highlights:
Total ARR grew to $703 million, an increase of 2% from the end of the same period last year.