8x8, Inc. - EGHT STOCK NEWS

8x8, Inc. (NYSE: EGHT) has announced the successful deployment of its integrated cloud communications and contact center solution, 8x8 XCaaS, at Rotherham Metropolitan Borough Council. This move aims to enhance communication for approximately 260,000 residents by modernizing the council's operations, addressing inefficiencies from legacy systems, and improving employee engagement. The cloud-based solution offers reliable service, real-time analytics, and supports hybrid working environments, reflecting 8x8's growing presence in the public sector with other councils also adopting its services.

8x8, Inc. (NYSE: EGHT) has announced an agreement to acquire Fuze for approximately $250 million in cash and stock. This strategic acquisition aims to enhance 8x8 XCaaS innovation and expand its enterprise customer base worldwide, particularly in Europe. The deal is expected to close in the fourth fiscal quarter, pending regulatory approvals. CEO Dave Sipes emphasized the growth potential in the cloud communications sector, driven by the shift to hybrid work models. The acquisition will also bolster resources for research and development.

8x8, Inc. (NYSE: EGHT) announced a robust 17% year-over-year revenue growth to $151.6 million in Q2 of fiscal 2022, with service revenue rising 18% to $142.4 million. The company achieved a GAAP operating loss of $37.2 million but recorded a non-GAAP operating profit of $1.9 million. With a total Annual Recurring Revenue (ARR) of $553 million, up 18% year-over-year, 8x8 also increased its high-value customers (ARR > $100K) by 30%. Innovations like the 8x8 Frontdesk and expanded global services underscore the company's strategic growth.

8x8, Inc. (NYSE: EGHT) has announced enhancements to its 8x8 XCaaS platform, aimed at improving large meeting moderation, participant engagement, and global reach. Key features include advanced enterprise capabilities for managing large meetings, support for 500 active participants, and real-time interaction tools. The platform now offers extensive analytics and enhanced functionality in contact center services, including integration with Microsoft Teams and improved customer engagement tools. These updates are designed to optimize workplace communications and boost employee productivity.

8x8, Inc. (NYSE: EGHT) has been recognized as a Leader in the 2021 Gartner Magic Quadrant for Unified Communications as a Service for the tenth consecutive year. This recognition highlights the company's strong position in the global enterprise market for integrated cloud communications and contact center solutions. The CEO, Dave Sipes, emphasized the growing demand for single-vendor platforms to meet communication and collaboration needs. 8x8 XCaaS delivers high reliability with a 99.999% uptime SLA, setting a new industry standard.

8x8, Inc. (NYSE: EGHT) has announced enhanced cloud connectivity for Canadian organizations, leveraging its patented Global Reach™ technology. This advancement aims to improve business resilience and comply with data sovereignty requirements. With integrated cloud communications, including 8x8 XCaaS, businesses can enhance employee collaboration and customer engagement. The cloud infrastructure offers multiple redundancy levels and a 99.999% SLA, ensuring high reliability. This initiative aligns with the growing demand for agile technology in the hybrid work environment.

8x8, Inc. (NYSE: EGHT) will announce its financial results for Q2 2021, ending September 30, 2021, after the market closes on November 2, 2021. A conference call will follow at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results, lasting approximately 60 minutes. 8x8 provides an integrated communication platform aimed at enhancing business collaboration through voice, video, chat, and contact center solutions, supported by real-time analytics.

8x8, Inc. (NYSE: EGHT) has announced the general availability of 8x8 Frontdesk, a new solution designed for high volume call handling. This platform integrates traditional communication with contact center capabilities, enhancing productivity in hybrid work settings. Its tailored user interface allows receptionists to manage calls efficiently, reducing training costs and speeding up user adoption. Notably, 8x8 Frontdesk was recognized as a finalist in the Best of Enterprise Connect 2021. The offering emphasizes flexibility, allowing any user to take on receptionist roles regardless of location.

8x8, Inc. (NYSE: EGHT) announces the rapid adoption of its 8x8 Voice for Microsoft Teams solution, now surpassing 100,000 business users globally. New enhancements include call recordings and presence sync, aimed at improving customer engagement and employee experience. The solution expands into 46 countries with PSTN replacement services, delivering integrated global telephony. Recent findings show that 80% of organizations plan to integrate Teams with third-party telephony, indicating strong market potential. Notable recent deployments include organizations in healthcare and public safety sectors.