EGHT - 8x8 Inc. (EGHT) Q4 2024 Earnings Call Transcript
2024-05-08 22:43:04 ET
8x8, Inc. (EGHT)
Q4 2024 Results Earnings Conference Call
May 8, 2024, 05:00 PM ET
Company Participants
Kate Patterson - Vice President, Investor Relations
Samuel Wilson - Chief Executive Officer
Kevin Kraus - Chief Financial Officer
Conference Call Participants
Eamon Coughlin - Barclays Capital
Michael Funk - Bank of America Securities
Meta Marshall - Morgan Stanley
Ryan Koontz - Needham & Company
Yanni Samoilis - Robert W. Baird
James Rush - Craig-Hallum
Ronit Shah - Wells Fargo Securities
Catharine Trebnick - Rosenblatt Securities
Presentation
Operator
Good day. And welcome to the Q4 2024 8x8, Inc. Earnings Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions]. As a reminder, this call may be recorded.
I would like to turn the call over to Kate Patterson. Please go ahead.
Kate Patterson
Good afternoon, everyone. Today's agenda will include a review of our fourth quarter and fiscal 2024 results with Samuel Wilson, our Chief Executive Officer, and Kevin Kraus, our Chief Financial Officer. Following our prepared remarks, there will be a question-and-answer session.
Before we get started, let me remind you that our discussion today includes forward-looking statements about our future financial performance, including our investments in innovation and our focus on profitability and cash flow as well as statements regarding our business, product, and growth strategies.
We caution you not to put undue reliance on these forward-looking statements as they involve risks and uncertainties that may cause actual results to vary materially from forward-looking statements, as described in our risk factors in our reports filed with the SEC. Any forward-looking statements made on this call and in the presentation slides reflect our analysis as of today and we have no plans or obligation to update them.
Certain financial measures that will be discussed on this call together with year-over-year comparisons in some cases were not prepared in accordance with US Generally Accepted Accounting Principles or GAAP. A reconciliation of those non-GAAP measures to the closest comparable GAAP measure is provided in our earnings press release and in our earnings presentation slides, which are available on 8x8 Investor Relations website at investors.8x8.com.
With that, I'll turn the call over to our CEO, Sam Wilson.
Samuel Wilson
Good afternoon, everyone. I appreciate you joining us today as we discuss our fourth quarter and our fiscal 2024 results and the strategic initiatives that have defined a year of transformation for 8x8.
I'm pleased to report solid fourth quarter in which we delivered results within our guidance range for service and total revenue and once again exceeded our guidance for operating margin.
Cash flow from operations for the quarter was also better than anticipated, which resulted in cash flow for the year up 62% from fiscal 2023. This significantly exceeded our expectations for the year. ...
8x8, Inc. (EGHT) Q4 2024 Earnings Call Transcript