8x8, Inc. (NYSE:EGHT) reported its Q2 results, with total revenue growing 17% year-over-year to $151.6 million, beating the consensus estimate by 1.39%. ARR was $553 million, up 18% year-over-year. Enterprise ARR was $282 million, up 33% year-over-year. Enterprise customers with over $100,000 ARR increased 30% year-over-year to 871 driven by the unique XCaaS offerings and channel growth.

The company raised its Q3 outlook, expecting a revenue in the range of $152.7 million to $154.2 million, which represents a 12-13% year-over-year growth. The company anticipates Gross Margins to be flattish sequentially, reaching 70% over the long-term. The remainder of 2022 should see positive operating margins, and the company should exit the year at a 2% margin.