8×8, Inc. (NYSE: EGHT), a leading integrated cloud communications platform provider, today reported financial results for the third quarter of fiscal 2022 ended December 31, 2021.
Third Quarter Fiscal 2022 Financial Results:
- Total revenue increased 15% year-over-year to $156.9 million.
- Service revenue increased 18% year-over-year to $149.4 million.
- GAAP operating loss was $37.6 million; Non-GAAP operating profit was $3.1 million.“We delivered revenue above the high end of our guidance range and achieved non-GAAP operating profitability and positive cash flow from operations for the fourth consecutive quarter. Channel contribution, growth in Enterprise ARR, growth in XCaaS ARR, and adoption of 8×8 Voice for Microsoft Teams demonstrated continued strength in the third quarter,” said Dave Sipes, Chief Executive Officer at 8×8, Inc. “Our investments in XCaaS, channel, and global coverage have us well positioned to achieve our long-term goals of revenue growth and increased profitability.”
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