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8x8, Inc. (NYSE: EGHT) is at the forefront of transforming business communications through its innovative software-as-a-service (SaaS) solutions. As a leader in the industry, 8x8 provides a comprehensive suite of voice, video, chat, contact center, and enterprise-class API solutions, all powered by a robust global cloud communications platform. These solutions enable workforces worldwide to connect and collaborate more efficiently and effectively.
The company's unified platform supports omnichannel communication, allowing employees to seamlessly interact via voice, video, text, chat, and contact centers. This integration is crucial for businesses aiming to enhance their customer experience and streamline internal communications. 8x8's offerings extend to approximately 2.5 million users, with a strong geographic focus in the United States, which contributes a significant portion of its revenue.
8x8 also leverages real-time business analytics and intelligence to provide unique insights across all interactions and channels. These insights help businesses understand customer behavior, optimize operations, and accelerate growth. The company's revenue is further bolstered by sales of hardware and professional services, which complement its integrated technology platform.
Recent achievements include the enhancement of their cloud platform to support even more robust and scalable solutions. Current projects involve expanding their omnichannel capabilities and improving user experience through advanced analytics and artificial intelligence.
With a strong focus on innovation and customer satisfaction, 8x8 continues to solidify its position as a key player in the business communications landscape.
Stay updated with the latest news and developments from 8x8, Inc. and see how they are shaping the future of business communications.
8x8, Inc. (NASDAQ: EGHT) announces key leadership changes effective immediately. Samuel C. Wilson takes over as interim CEO following the termination of Dave Sipes, while Kevin Kraus steps up as interim CFO. The Board is in the process of selecting permanent replacements. Chairman Jaswinder Pal Singh emphasized the company’s commitment to delivering long-term value. Importantly, there will be no updates to the fiscal third quarter and 2023 guidance ranges for revenue and operating margins. The company continues to focus on empowering customers through its unified cloud communications platform.
8x8, Inc. (NASDAQ: EGHT) has received recognition from CRN as a 2022 Tech Innovator Award winner for its 8x8 Conversation IQ in the Unified Communications & Collaboration Software category. This solution extends traditional contact center capabilities across organizations via 8x8 XCaaS™, enhancing communication and customer engagement. It assists enterprises in improving employee performance and customer interactions through AI-driven insights and analytics. This award validates 8x8's innovative approach to business communications and its commitment to providing effective solutions for hybrid work environments.
8x8, Inc. (NYSE: EGHT), a cloud communications platform leader, is set to attend three significant investor conferences in November and December 2022. The 3rd Annual Needham Virtual Tech Week Conference will occur on November 15, followed by the Wells Fargo 6th Annual TMT Summit in Las Vegas on November 30, and the Barclays Global Technology, Media and Telecommunications Conference in San Francisco on December 8. All presentations will be webcast, with links provided on the company’s investor relations website.
8x8, Inc. (NYSE: EGHT) announces its transition from the New York Stock Exchange to The Nasdaq Global Select Market, effective November 15, 2022. The company's common stock will stop trading on NYSE after November 14, 2022, while retaining its ticker symbol 'EGHT'. This move reflects 8x8's continued growth and commitment to enhance shareholder value.
8x8, Inc. (EGHT) reported strong Q2 fiscal 2023 results, with total revenue rising 24% year-over-year to $187.4 million. Service revenue grew 25% to $178.6 million, driven by a 42% increase in Enterprise ARR to $401 million. Gross margins improved significantly, with non-GAAP operating profit soaring 368% to $9.1 million. Cash flow from operations surged 171% to $13.8 million. The company is optimistic, raising its non-GAAP operating margin targets for fiscal 2024, aiming for double-digit margins. Recent product innovations and industry recognitions bolster its competitive position.
8x8, Inc. (NYSE: EGHT) has announced it will release its financial results for the second quarter ended September 30, 2022 on October 27, 2022. The results will be shared following the market close, accompanied by a conference call scheduled for 1:30 p.m. PT (4:30 p.m. ET) on the same day. The call will last approximately 60 minutes, allowing an opportunity to discuss key financial highlights and strategic outlook.
To participate, dial-in numbers include 1 844-200-6205 (Domestic) and +1 929-526-1599 (International). Passcode: 602771.
8x8, Inc. (NYSE: EGHT) has partnered with Sweetwater Sound, a leading music technology retailer, to implement its 8x8 Work cloud communications solution. This deployment aims to enhance communication and customer service for Sweetwater's 2,300 employees, who serve over 1.6 million customers. Sweetwater, with over
8x8, Inc. (NYSE: EGHT) announces that Cape Air, a major US commuter airline, has adopted 8x8 XCaaS™ to enhance their customer communication capabilities. Cape Air required a modern solution to replace outdated telephony systems, leading to the implementation of 8x8's integrated cloud services. This transition improved call quality and response times, yielding a 90% reduction in duplicate callback requests within a week. The collaboration aligns with Cape Air's growth strategy, enabling swift adaptations to compliance and operational needs.
8x8, Inc. (NYSE: EGHT) has announced its participation in the Bank of America Securities 2022 Media, Communications and Entertainment Conference on September 7, 2022, at 2:00 pm Pacific Time. This event will feature a webcast of the presentation, accessible through the investor relations section of the company's website. As a key player in cloud communications, 8x8 focuses on delivering integrated services such as voice, video, chat, and SMS through its XCaaS™ platform, effectively bridging unified communications and contact center solutions.
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