NYSE$EGHT
8x8 Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Reported strong Q2 2021 with service revenue growth and strategic advancements.
8x8, Inc. reported a 17.9% year-over-year increase in total revenue to $129.1 million for Q2 2021. Service revenue grew by 19.3% year-over-year to $120.9 million. The company closed a record number of new customer deals with ARR greater than $100,000 and saw growth in channel and contact center bookings.
- Total revenue increased by 17.9% year-over-year to $129.1 million.
- Service revenue increased by 19.3% year-over-year to $120.9 million.
- Closed a record 48 new customer deals with ARR greater than $100,000, a 60% increase year-over-year.
- Total ARR grew to $467.1 million, a 20% increase year-over-year.
Headline financials
Revenue & EPS history
8x8 · Revenue · Quarterly
$129M
Revenue by segment
8x8 · $129M total across 2 segments · Q2 2021
- Service Revenue$121M+19.3%93.7%
- Other Revenue$8.19M+0.2%6.3%
Forward guidance
8x8 anticipates continued growth in the next quarter and fiscal year, with a focus on service revenue and managing pre-tax losses.
Tailwinds
- Third Quarter Fiscal 2021 Total Revenue guidance in the range of $132.0 million to $133.0 million, representing approximately 11% to 12% year-over-year growth.
- Third Quarter Fiscal 2021 Service Revenue guidance in the range of $124.0 million to $125.0 million, representing approximately 12% to 13% year-over-year growth.
- Full-Year Fiscal 2021 Total Revenue guidance in the range of $519.0 million to $522.0 million, representing approximately 16% to 17% year-over-year growth.
- Full-Year Fiscal 2021 Service Revenue guidance in the range of $489.0 million to $492.0 million, representing approximately 18% to 19% year-over-year growth.
Headwinds
- Third Quarter Fiscal 2021 Non-GAAP Pre-Tax Loss guidance of approximately $3.0 million.
- Full-Year Fiscal 2021 Non-GAAP Pre-Tax Loss guidance of approximately $16.0 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
+0.6%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+2.5%
Avg return
30 days after
41%
26 / 64 earnings
Positive
+38.7%
Q3 2026
Best reaction
-29.0%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +4.8% | +6.6% | +47.0% | |
| Q3 2026 | +38.7% | +62.0% | +51.8% | |
| Q2 2026 | +25.3% | +11.3% | +14.7% | |
| Q1 2026 | -7.4% | -8.4% | +8.4% | |
| Q4 2025 | +0.0% | -11.7% | +2.2% | |
| Q3 2025 | -5.3% | +0.7% | -19.0% | |
| Q2 2025 | +25.0% | +35.5% | +41.8% | |
| Q1 2025 | -24.5% | -30.8% | -30.4% | |
| Q4 2024 | +10.7% | +18.8% | +11.1% | |
| Q3 2024 | -16.6% | -23.9% | -20.8% | |
| Q2 2024 | +31.1% | +26.1% | +36.6% | |
| Q1 2024 | -29.0% | -24.5% | -42.6% | |
| Q4 2023 | -3.7% | -3.4% | +20.4% | |
| Q3 2023 | +35.5% | +26.8% | +19.1% | |
| Q2 2023 | +20.1% | +22.1% | +25.0% | |
| Q1 2023 | +5.7% | +0.0% | -2.6% | |
| Q4 2022 | -2.9% | +2.9% | -16.0% | |
| Q3 2022 | -9.1% | -6.4% | -24.1% | |
| Q2 2022 | -5.7% | -3.3% | -21.2% | |
| Q1 2022 | -0.9% | -1.6% | -2.0% | |
| Q4 2021 | -13.0% | -15.4% | -15.9% | |
| Q3 2021 | -3.3% | -4.8% | -6.2% | |
| Q2 2021 | +9.4% | +4.1% | +22.1% | |
| Q1 2021 | -7.0% | -4.0% | -0.3% | |
| Q4 2020 | -24.4% | -22.8% | -28.6% | |
| Q3 2020 | +7.8% | +3.4% | -9.5% | |
| Q2 2020 | -0.5% | -0.6% | +5.7% | |
| Q1 2020 | -6.0% | -7.8% | -4.8% | |
| Q4 2019 | -4.5% | +0.8% | +5.1% | |
| Q3 2019 | -9.3% | -8.0% | +1.2% | |
| Q2 2019 | -0.7% | +7.5% | +13.2% | |
| Q1 2019 | -5.5% | -9.1% | +3.4% | |
| Q4 2018 | -14.3% | -16.6% | -9.5% | |
| Q3 2018 | +13.4% | +14.4% | +18.5% | |
| Q2 2018 | +5.2% | +6.8% | +12.8% | |
| Q1 2018 | -11.5% | -9.8% | -8.7% | |
| Q4 2017 | +3.1% | +3.8% | +15.3% | |
| Q3 2017 | -1.8% | -4.2% | -2.1% | |
| Q2 2017 | -6.2% | -7.5% | -1.3% | |
| Q1 2017 | -0.8% | -4.1% | -10.9% | |
| Q4 2016 | +6.1% | — | — | |
| Q3 2016 | +13.4% | — | — | |
| Q2 2016 | +9.5% | — | — | |
| Q1 2016 | +4.4% | — | — | |
| Q4 2015 | -0.1% | — | — | |
| Q3 2015 | -6.1% | — | — | |
| Q2 2015 | +12.2% | — | — | |
| Q1 2015 | -4.6% | — | — | |
| Q4 2014 | -7.0% | — | — | |
| Q3 2014 | -2.3% | — | — | |
| Q2 2014 | -2.6% | — | — | |
| Q1 2014 | +9.3% | — | — | |
| Q4 2013 | +5.3% | — | — | |
| Q3 2013 | -8.4% | — | — | |
| Q2 2013 | +3.8% | — | — | |
| Q1 2013 | +14.2% | — | — | |
| Q4 2010 | -0.5% | — | — | |
| Q3 2011 | +1.4% | — | — | |
| Q3 2012 | +1.4% | — | — | |
| Q2 2012 | +0.3% | — | — | |
| Q1 2011 | -7.5% | — | — | |
| Q4 2011 | -7.5% | — | — | |
| Q2 2011 | -7.5% | — | — | |
| Q1 2012 | -7.5% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro