8×8, 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.
- Service revenue increased 2% year-over-year to $176.6 million, including Fuze revenue of $26.7 million.
- GAAP operating profit was $3.5 million, compared to GAAP operating loss of $40.5 million in the fourth quarter fiscal 2022.
- Non-GAAP operating profit was $24.8 million, or 13.5% of revenue, compared to non-GAAP operating profit of $4.2 million, or 2.3% of revenue, in fourth quarter fiscal 2022.
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