8x8 (EGHT) is slated to release its third-quarter fiscal 2024 results on Jan 31.For the fiscal third quarter, revenues are expected between $180 million and $186 million.The Zacks Consensus Estimate for fiscal third-quarter revenues is pegged at $183.42 million, suggesting a 0.53% year-over-year decline.The consensus mark for earnings is pegged at 10 cents per share, unchanged in the past 30 days. The projection suggests a 42.86% rise from the figure reported in the year-ago quarter. EGHT earnings beat the ...

8x8 (EGHT) is making significant strides in expanding its portfolio within the integrated cloud communications sector with the latest introduction of SellWith8.This innovative initiative represents an exclusive tier within the 8x8 Technology Partner Ecosystem program. This enables select technology partners to address crucial business challenges by seamlessly integrating advanced technologies, including advanced AI capabilities, into the 8x8 platform.The SellWith8 tier bolsters the 8x8 Technology Partner Ec ...

CAMPBELL, Calif.--(BUSINESS WIRE)--8x8, Inc. (NASDAQ: EGHT), a leading integrated cloud communications platform provider, today announced SellWith8™, an exclusive tier within the 8x8 Technology Partner Ecosystem, allowing technology partners to solve compelling business use cases for customers. The 8x8 Technology Partner Ecosystem program allows customer-first organizations to enhance customer experiences by deeply embedding cutting-edge technologies, including leading artificial intelligence capabilities, ...

CAMPBELL, Calif.--(BUSINESS WIRE)--8x8, Inc. (NASDAQ: EGHT), a leading integrated cloud contact center and unified communications platform provider, today announced it will release financial results for the third fiscal quarter ended December 31, 2023 following the close of market on Wednesday, January 31, 2024. The company will host a conference call on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results. The conference call will last approximately 60 minutes. Date: ...

CAMPBELL, Calif.--(BUSINESS WIRE)--8x8, Inc. (NASDAQ: EGHT), a leading integrated cloud contact center and unified communications platform provider, today announced the addition of AI-powered video meeting capabilities to the 8x8 XCaaS platform, enabling users to access real-time AI transcriptions, smart summaries, and follow up action items for enhanced collaboration during and after meetings. The new features highlight 8x8’s continued focus on platform innovation and delivering AI-driven contact center an ...

CAMPBELL, Calif.--(BUSINESS WIRE)--8x8, Inc. (NASDAQ: EGHT), a leading integrated cloud contact center and unified communications platform provider, today announced that Wayne Metro Community Action Agency has deployed the 8x8 XCaaS™ (Experience Communications as a Service™) integrated cloud contact center and unified communications platform to better serve the community with enhanced customer engagement, while improving employee efficiency and productivity. Wayne Metro is a non-profit organization servi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to _________ Commission file number: 001-38312 _________________ 8x8, INC. (Exact name of Registrant as Specified in its Charter) __________ ...

Financial Data and Key Metrics Changes - The company met or exceeded guidance ranges for service revenue, total revenue, and non-GAAP operating margin for Q2 [21] - Total revenue for the quarter was $185 million, with service revenue at $177.8 million, exceeding guidance by $2.3 million [54] - Non-GAAP operating profit grew 162% year-over-year, with cash flow from operations increasing 26% compared to the prior year [53][62] - Cash from operations for the quarter was $17.5 million, with total cash and investments increasing to approximately $150 million [27][65] Business Line Data and Key Metrics Changes - Service revenue increased sequentially by $2.5 million, driven by growth in the CPaaS business [25] - The CPaaS revenue recorded year-over-year growth for the first time in many quarters, indicating a positive trend [54] - Adoption of the CCaaS product portfolio accelerated, with a 50% increase in conversation volume quarter-on-quarter [30] Market Data and Key Metrics Changes - The company saw significant growth in its North American reseller channel, committing to a channel-first strategy [32] - Enterprise customers accounted for 58% of total ARR, with enterprise ARR up approximately $3 million sequentially [56] Company Strategy and Development Direction - The company is focused on an innovation-led strategy to drive growth while improving profitability and cash flow [22] - Plans to return $250 million to investors from fiscal 2024 through fiscal 2026, with $25 million already returned through early repayment of loans [24][65] - The strategy includes building a strong ecosystem of channel and technology partners to enhance customer experiences [23] Management's Comments on Operating Environment and Future Outlook - Management noted that the macroeconomic environment has become more challenging, with increased interest rates impacting customer behavior [92] - The company is cautious in its forward guidance but remains optimistic about the potential for revenue reacceleration in fiscal 2025 [78] Other Important Information - The company has introduced numerous innovations in a short time, including AI-powered applications and enhancements to existing products [36] - The management team has undergone changes, with new leaders in sales and marketing focused on optimizing go-to-market strategies [38][49] Q&A Session Summary Question: Can you explain the opportunities in the contact center with AI? - Management highlighted that there is a gap in awareness of their full range of capabilities, but they are seeing rapid adoption of AI-based products integrated into contact centers [82][83] Question: How did 8x8 fare during the quarter in the macro environment? - Management indicated that the company faced some downsell pressure but noted that SMB ARR held up better than expected [87][92] Question: Can you discuss the capital structure and plans for addressing it? - The company plans to use cash from operations primarily for debt repayments, with stock repurchases considered once a majority of the debt is paid off [98][99] Question: How do traditional channel partners differ from the Microsoft Elevate program? - Management explained that the Elevate program encompasses various partner types, including those selling Microsoft products, and emphasizes collaboration rather than competition [104][106] Question: What is the outlook for revenue growth acceleration next year? - Management expressed optimism about the potential for growth as they restructure their go-to-market strategy and expand their product offerings [111][113]

Three Months Ended September 30, Copyright 2023 8x8, Inc. or its affiliates. All rights reserved. ● Concurrent repurchase of 10.7M shares for $60M with Exchange Transaction partially offsets dilution from new convertible notes 201.9 250.0 63.3 2024 Notes 2028 Notes Term Loan Exchange Transaction August 2022 New Convert Notes New Term Loan Retired 201.9 225.0 63.3 $ 201.9 $ 250.0 $ (403.8) $ (6.0) $ (21.8) $ (5.0) $ (25.0) ~$33M Additional Repurchases of 2024 Notes Voluntary Early Repayment Term Loan Retired ...

8x8, Inc. (NASDAQ:EGHT) Q1 2024 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Kate Patterson - Vice President of Investor Relations Samuel Wilson - Chief Executive Officer Kevin Kraus - Chief Financial Officer Conference Call Participants Catharine Trebnick - Rosenblatt Securities Inc. Jamie Reynolds - Morgan Stanley Abhinav Kumar - Mizuho Securities Austin Williams - Wells Fargo Securities James Rush - Craig-Hallum Capital Group Operator Good day, and thank you for standing by. We ...