Signaling our confidence in our future, since August 2022 we have voluntarily prepaid a total of $58 million aggregate principal amount, including a pre-payment earlier this week of $25 million on our term loan. "Our financial performance improved through the year as we achieved greater efficiency across our operations. "We achieved record service and total revenue, completed the integration of Fuze operations, extended the global coverage of our communications platform, and introduced platform wide integration of generative AI from OpenAI.” “Fiscal 2023 was a year of milestones for 8x8 as we continued to invest in innovation while increasing our profitability and cash flow," said Samuel Wilson, 8x8 Interim Chief Executive Officer. Non-GAAP operating profit was $62.4 million, or 8.4% of revenue, compared to non-GAAP operating profit of $10.6 million, or 1.7% of revenue, in fiscal 2022. GAAP operating loss was $66.3 million, compared to a GAAP operating loss of $154.1 million in fiscal 2022. Service revenue increased 18% year-over-year to $710.0 million, including Fuze revenue of $110.3 million. Total revenue increased 17% year-over-year to $743.9 million, including Fuze revenue of $111.3 million. 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. GAAP operating profit was $3.5 million, compared to GAAP operating loss of $40.5 million in the fourth quarter fiscal 2022. Service revenue increased 2% year-over-year to $176.6 million, including Fuze revenue of $26.7 million. Total revenue increased 2% year-over-year to $184.5 million, including Fuze revenue of $26.9 million. (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.įourth Quarter Fiscal 2023 Financial Results: CAMPBELL, Calif.-( BUSINESS WIRE)- 8x8, Inc.
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