May 8, 2024 This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Any statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, words such as "may," "will," "should," "estimates," "predicts," "potential," "continue," "strategy," "believes," "anticipates," "plans," "expects," "intends," and similar expressions are intended ...

8x8 (EGHT) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this telecommunications services company would post earnings of $0.10 per share when it actually produced earnings of $0.12, delivering a surprise of 20%.Over the last four quarters, ...

Revenue and Financial Performance - Fourth quarter revenue was $179 million, and fiscal year 2024 revenue totaled $729 million, representing a 2% decrease from $743.9 million in fiscal 2023[7]. - Total annual recurring revenue (ARR) was $697 million at quarter-end, a decrease of 1% from the previous year[8]. - Service revenue for Q1 2024 was $172.49 million, a decrease of 4.1% from $176.56 million in Q1 2023[36]. - Total revenue for Q1 2024 was $179.41 million, down 2.4% from $184.53 million in Q1 2023[36]. - Non-GAAP net income for the year was $57,964,000, representing 8.0% of total revenue, compared to $38,513,000 or 5.2% in the previous year, an increase of 50.9%[46]. - Total ARR for Q4 Fiscal 2023 was $703 million, with a growth rate of only 2% compared to previous quarters[51]. Profitability and Losses - GAAP operating loss improved by 58% to $27.6 million compared to a loss of $66.3 million in fiscal 2023[7]. - Non-GAAP operating profit increased by 52% to $94.7 million, up from $62.4 million in fiscal 2023[7]. - Adjusted EBITDA for the fourth quarter was $26 million, down from $31.6 million in the same period last year[8]. - Net loss for Q1 2024 was $23.59 million, compared to a net loss of $9.43 million in Q1 2023, indicating a significant increase in losses[36]. - The net loss for the year ended March 31, 2024, was $67,592,000, an improvement from a net loss of $73,143,000 in the previous year, representing a decrease of approximately 7.1%[42]. - The company reported a basic and diluted net loss per share of $0.19 for Q1 2024, compared to $0.08 for Q1 2023[36]. - Non-GAAP net income per share for Q1 Fiscal 2024 was $0.08, down from $0.11 in Q1 Fiscal 2023[48]. - The company reported a GAAP net loss per share of $(0.19) for Q1 Fiscal 2024, compared to $(0.08) in Q1 Fiscal 2023[48]. Cash Flow and Debt Management - Cash flow from operations increased 62% year-over-year to $79 million for fiscal year 2024[7]. - The company repaid $63.3 million of its 2024 Notes, bringing total debt repayment in fiscal 2024 to $88.3 million[9]. - Interest paid increased to $35,574,000 in 2024 from $22,162,000 in 2023, reflecting a rise of 60.5%[43]. - The company reported a repayment of $63,295,000 on convertible senior notes during the year, compared to a repayment of $217,299,000 in the previous year, indicating a reduction in debt repayment[42]. - Total current assets decreased to $247.84 million as of March 31, 2024, from $273.12 million as of March 31, 2023[40]. - Total liabilities decreased to $654.02 million as of March 31, 2024, from $741.90 million as of March 31, 2023[40]. - Cash and cash equivalents increased to $116.26 million as of March 31, 2024, compared to $111.40 million as of March 31, 2023[40]. - Total cash, cash equivalents, and restricted cash at the end of the year was $116,723,000, up from $112,729,000 at the beginning of the year, indicating a net increase of $3,994,000[42]. Operational Efficiency - Research and development expenses for Q1 2024 were $33.93 million, down from $36.46 million in Q1 2023, a decrease of 6.9%[36]. - The company incurred stock-based compensation expenses of $65,857,000 for the year, down from $90,634,000 in 2023, a reduction of 27.4%[46]. - The company recorded a charge of $10 million for Fuze indirect tax liabilities during the three months ended March 31, 2024[49]. - The total cost of service revenue as a percentage of service revenue was 27.5% for the year ended March 31, 2024, compared to 28.0% in 2023, showing a slight improvement[46]. Future Outlook - For Q1 fiscal 2025, the company expects service revenue in the range of $170 million to $174 million and total revenue between $176 million and $181 million[15]. - Non-GAAP net income per share for fiscal 2025 is projected to be between $0.37 and $0.45, based on a fully diluted share count of approximately 133 million[15]. Product Development - The company launched several new products, including 8x8 Engage and Proactive Outreach, aimed at enhancing customer engagement and experience[14]. - Total Annual Recurring Revenue (ARR) for Q1 Fiscal 2024 was $703 million, showing a year-over-year growth of 2%[51]. - Enterprise ARR, which accounts for customers generating over $100,000 ARR, was $404 million in Q1 Fiscal 2024, maintaining 58% of total ARR[51]. - Small Business ARR for Q1 Fiscal 2024 was $167 million, with a year-over-year growth of 5%[51]. - Mid-Market ARR for Q1 Fiscal 2024 was $132 million, reflecting a year-over-year growth of 5%[51].

SINGAPORE--(BUSINESS WIRE)--8x8, Inc. (NASDAQ: EGHT), a leading integrated cloud contact center, unified communications, and Communications Platform as a Service (CPaaS) provider, today announced that King Power Corporation has integrated 8x8’s SMS API solution into their e-commerce platform to enhance customer experiences while effectively reducing operational costs by 30% by driving efficiency and cost savings. King Power Corporation, one of the largest duty-free retailers in the world, sought a strate ...

CAMPBELL, Calif.--(BUSINESS WIRE)--8x8, Inc. (NASDAQ: EGHT), a leading integrated cloud contact center and communications platform provider, today announced investor events for the fourth fiscal quarter. Morgan Stanley Technology, Media and Telecom Conference San Francisco, CA Tuesday, March 5, at 3:35 pm Pacific Standard Time 8x8 Virtual Product and Innovation Update Virtual Thursday, March 14, 11:30 am - 2:00 pm Pacific Standard Time The above presentations will be webcast. Links to live and archived w ...

CAMPBELL, Calif.--(BUSINESS WIRE)--8x8, Inc. (NASDAQ: EGHT), a leading integrated cloud contact center and unified communications platform provider, today announced the availability of 8x8 Engage, an AI-powered, tailored solution that enables cross-organization customer engagement for enhanced customer experiences, fostering loyalty and driving business success. Intentionally engineered to address the distinct needs of customer-facing employees outside of the contact center, 8x8 Engage bridges an organizati ...

CAMPBELL, Calif.--(BUSINESS WIRE)--8x8, Inc. (NASDAQ: EGHT), a leading integrated cloud contact center and unified communications platform provider, today announced new Proactive Outreach features for 8x8 Contact Center, enhancing customer messaging capabilities and eliminating the reactive nature of customer service. By leveraging 8x8's programmable SMS and WhatsApp capabilities natively in 8x8 Contact Center, organizations can now provide a seamless end-to-end customer experience to send highly personaliz ...

In light of recent developments from the Federal Reserve, with Chair Jerome Powell’s apparent reluctance to cut interest rates in the upcoming March meeting, the telecom sector faces growing uncertainty. The shift in analyst expectations now anticipates only a 34% chance of rate cuts, contrasting sharply with the previous 73% forecast. This led to a major impact on tech and telecom stocks. Particularly, the S&P Telecom ETF’s year-to-date drop of more than 2% against the S&P 500’s gain of 4% underscores the ...

In stock markets, uncovering penny stocks with a 10X boost potential is rare, but possible. This requires the identification of extraordinary growth potency. Among the multitude of stocks, three penny stocks are quietly positioning themselves for an unbelievable surge, potentially reaching a staggering 1,000%. Read more to dissect why they might be the untapped treasures that redefine investment returns.8×8 (EGHT)Source: fizkes / Shutterstock.comFor 8×8 (NASDAQ:EGHT), revenue growth and product portfolio ar ...

I have a history of being bullish about cloud-based communications veteran 8x8 (EGHT -10.12%). In fact, I have liked the entire sector for years. A breakthrough in the high-volume mainstream always hovered just beyond the horizon. The benefits of low-cost voice calls, conducted over the open internet with a plethora of built-in extra features, were surely destined to result in incredible business growth.Well, 8x8 just reported financial results for the third quarter of fiscal year 2024. Let me take this opp ...