8x8, Inc. Reports Third Quarter Fiscal 2020 Financial Results
8x8 Inc (EGHT)
Last 8x8 inc earnings: 2/4 04:05 pm
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Source: Business Wire
Service revenue growth of 32% year-over-yearEnterprise ARR grew 85% year-over-yearContact center bookings increased 90% year-over-year SAN JOSE, Calif.--(BUSINESS WIRE)--8x8, Inc. (NYSE: EGHT), a leading integrated cloud communications platform, today reported financial results for the third quarter of fiscal 2020 ended December 31, 2019.Third Quarter Fiscal 2020 Financial Results Highlights:Total revenue increased 31.9% year-over-year to $118.6 million.Service revenue increased 32.2% year-over-year to $113.6 million.GAAP Pre-Tax Loss was $46.8 million; Non-GAAP Pre-Tax Loss was $16.3 million.Quotes from Vik Verma, Chief Executive Officer:“8x8’s third quarter was another strong performance, with record revenue growth of 32%. Our X Series platform continues to resonate strongly with the market, driving enterprise ARR year-over-year growth of 85%. In fact, all of our top 10 deals were bundled platform deals. And we are seeing acceleration in large customers migrating off of legacy so
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News
- 8x8 (EGHT) Is Attractively Priced Despite Fast-paced Momentum [Yahoo! Finance]Yahoo! Finance
- 8x8, Inc. (NASDAQ: EGHT) had its price target raised by analysts at Morgan Stanley from $2.00 to $2.60. They now have an "underweight" rating on the stock.MarketBeat
- Institutional owners may take dramatic actions as 8x8, Inc.'s (NASDAQ:EGHT) recent 11% drop adds to one-year losses [Yahoo! Finance]Yahoo! Finance
- Contact Center Software Market Sees Robust Growth Driven by Innovation, Demand for AI and Cloud Solutions | Research by SNS Insider [Yahoo! Finance]Yahoo! Finance
- 8x8, Inc. (NASDAQ: EGHT) was downgraded by analysts at Mizuho from a "neutral" rating to an "underperform" rating. They now have a $2.50 price target on the stock, down previously from $2.75.MarketBeat
EGHT
Earnings
- 11/4/24 - Beat
EGHT
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- EGHT's page on the SEC website