8X8 Inc - EGHT STOCK NEWS

8x8 (NASDAQ: EGHT) announced key management appointments to accelerate its CX transformation, including Joel Neeb as Chief Transformation and Business Operations Officer, Darren Remblence as VP, Chief Information Security Officer, and Joe McStravick as VP of EMEA Sales.

The company issued equity awards including restricted stock units (RSUs) for up to 260,892 shares to Neeb and 474,634 shares to 6 additional employees. Neeb also received performance stock units (PSUs) for up to 42,786 shares. The RSUs will vest over three years, with 33.3% vesting on February 15, 2026, and the remaining 66.7% vesting quarterly over the following two years. PSUs will vest in two tranches based on specified increases in cumulative cash flow from operations.

8x8 (NASDAQ: EGHT) has launched 8x8 Aftersale Assist™, a new solution combining Contact Center, Unified Communication, and CPaaS APIs to help retailers reduce returns and enhance customer experiences. The solution addresses the significant challenge of retail returns, which are projected to reach $890 billion in 2024, with retailers expecting 16.9% of annual sales to be returned.

The platform enables retailers to provide customer guidance through one-way video consultations, virtual support, and AI-powered self-service options. Key features include improved customer onboarding, reduced operational costs, and enhanced personalization through self-service experiences. The solution integrates with the existing 8x8 Platform for CX and can be used alongside 8x8 Sales Assist to create a comprehensive customer journey from pre-sale to post-sale support.

8x8 (NASDAQ: EGHT) reported strong growth in AI-powered customer experience solutions, with an 84% year-over-year increase as of Q3 FY25. The company's 8x8 Intelligent Customer Assistant saw particularly impressive growth, with adoption increasing nearly 130% year-over-year and 12% quarter-over-quarter.

Key highlights include a 370% year-over-year increase in AI interactions volume and a 160% quarter-over-quarter jump in Voice AI interactions, which represented 58% of all AI interactions in Q3. The company secured several significant customer wins, including deployments for a major Australian financial services firm, a North American specialty retailer, and a UK travel management provider.

Recent innovations include expanded secure payment capabilities, Voice Intelligent Directory implementation, and enhanced supervisor monitoring tools. These developments are part of 8x8's strategy to transform customer experience through AI-powered solutions.

8x8 (NASDAQ: EGHT) announced that Michelle Paitich, Global Vice President of Channel Sales, has been named to the 2025 CRN® Channel Chiefs list. As Global VP of Channel Sales, Paitich oversees 8x8's go-to-market strategy with a global network of more than 2,000 partners and is responsible for delivering topline revenue.

Paitich is recognized for her expertise in managing channel partners, resellers, SIs, and ISVs. 8x8's Partner Program offers multiple routes to market, including resell and referral options, with various revenue, marketing, and enablement benefits based on a tiered system. The program is designed to help partners achieve revenue quickly, maximize profitability, and simplify the partnership process.

8x8 (NASDAQ: EGHT) reported its Q3 FY2025 financial results with total revenue of $178.9 million, down from $181.0 million in Q3 FY2024. The company achieved a GAAP operating income of $9.0 million, compared to a loss of $9.4 million in the previous year. Service revenue was $173.5 million.

Notable achievements include record cash flow from operations of $27.2 million and a 60% year-over-year increase in new products. The company reported non-GAAP operating profit of $19.1 million and Adjusted EBITDA of $23.9 million. Cash and equivalents ended at $104.6 million after $33.0 million in principal payments on the 2024 Term Loan.

The company introduced several platform innovations, including AI-powered customer experience solutions, expanded secure payment capabilities, and enhanced voice intelligence features.

8x8 (NASDAQ: EGHT) has announced significant enhancements to its Platform for CX, introducing new features to improve customer and employee experience. Key updates include expanded 8x8 Secure Pay capabilities with digital payment options across voice and digital channels, AI-powered payment processing through 8x8 Intelligent Customer Assistant, and a new Voice Intelligent Directory for faster customer service.

The platform now features enhanced knowledge base tools for contact center agents, improved interaction monitoring capabilities for supervisors, and new meeting assets sharing functionality. Additional improvements include Mobile Device Management support for retail operations and multicast paging capabilities for desk phones.

These innovations aim to boost operational efficiency, enhance security, and provide modern solutions for organizations to deliver superior customer experiences across multiple touchpoints.

8x8 Inc. (NASDAQ: EGHT), a provider of integrated Platform for CX combining Contact Center, Unified Communication, and CPaaS APIs, has announced its upcoming third quarter fiscal 2025 earnings release. The financial results for the quarter ended December 31, 2024, will be released after market close on February 4, 2025.

The company will host a 60-minute conference call the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Participants can register to receive dial-in numbers and a unique PIN for the call. A live webcast will be available through the company's investor relations events page, with the audio archive accessible for 90 days following the call.

8x8 (NASDAQ: EGHT), a provider of integrated CX Platform solutions, has been ranked 728 in Newsweek's 2025 Excellence 1000 Index. The recognition comes from the Best Practice Institute's analysis of over half a million data points, evaluating companies based on financial responsibility, stakeholder ratings, and social responsibility.

The assessment criteria included employee and customer ratings, ESG risk ratings, ethical impact, ISO standards adherence, R&D spending, UN Global Compact status, and customer complaint metrics. The index, developed in collaboration with Newsweek and BPI, recognizes organizations that demonstrate excellence in balancing strategic growth with ethics, social responsibility, and sustainability.

8x8 (NASDAQ: EGHT) has appointed Joel Neeb as Chief Transformation and Business Operations Officer, reporting directly to CEO Samuel Wilson. Neeb will lead the company's CX transformation initiatives and drive operational excellence. He brings significant experience from his previous role as Vice President of Execution and Transformation at VMware, where he led cultural transformation and AI strategy implementation for 40,000 employees.

Prior to VMware, Neeb served as CEO at Afterburner, Inc., managing elite professionals from military backgrounds. His military experience includes serving as a former U.S. Air Force F-15 mission commander, leading 300 combat pilots and managing a $150 million annual flight program.

This appointment aligns with 8x8's recent brand evolution and the launch of the 8x8 Platform for CX, which integrates contact center, unified communications, and communication APIs with AI-powered capabilities.