8x8, Inc. (NASDAQ:EGHT) Q3 2023 Results Conference Call February 1, 2023 4:30 PM ET

Company Participants

Kate Patterson - VP of IR

Samuel Wilson - Interim CEO

Kevin Kraus - Interim CFO

Conference Call Participants

Matt VanVliet - BTIG

Meta Marshall - Morgan Stanley

Siti Panigrahi - Mizuho

Catharine Trebnick - Roth Capital Partners

George Sutton - Craig-Hallum

Will Power - Baird

Peter Levine - Evercore ISI

Ryan Koontz - Needham

Ryan MacWilliams - Barclays

Austin Williams - Wells Fargo

Michael Funk - Bank of America

Josh Nichols - B. Riley

Operator

Good afternoon. Thank you for attending the 8x8 Fiscal Third Quarter Earnings Call. My name is Matt, and I'll be your moderator for today's call. All lines have been muted during presentation portion of the call and opportunity for question and answer session at the end [Operator Instructions]

I would now like to pass the conference over to our host, Kate Patterson, Vice President of Investor Relations. Kate, please go ahead.

Kate Patterson

Thank you, operator. Good afternoon, everyone. Today's agenda will include a review of our third quarter results with Samuel Wilson, our Interim Chief Executive Officer, and Kevin Kraus, our Interim 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 increased focus on profitability and cash flow as well as our business, product and growth strategy. 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 the U.S. generally accepted accounting principles or GAAP. A reconciliation of those non-GAAP measures to the closest comparable GAAP measures is provided in our earnings press release and earnings presentation slides, which are available on 8x8 Investor Relations website at investors.8x8.com.

With that, I'll turn the call over to Samuel Wilson.

Samuel Wilson

Thank you, Kate, and thank you to everyone joining us on the call today. I believe our solid third quarter results were a strong indicator of our ability to perform against our objectives. We said we would forgo some near-term revenue growth for profitability as we build a sustainable long-term business and that's exactly what our teams did in the quarter.