8x8, Inc. - EGHT STOCK NEWS

8x8, Inc. (NYSE: EGHT) announced it will release its financial results for the third quarter of fiscal 2021, ending December 31, 2020, on January 28, 2021. The financial results will be discussed in a conference call at 2:00 p.m. PT (5:00 p.m. ET) the same day. Investors can access the call by dialing (844) 343-9040 domestically or (647) 689-5131 internationally, using passcode 3051469. A replay will be available until February 4, 2021. This quarter marks an important financial reporting period for the company as it continues to shape the cloud communications landscape.

8x8, Inc. (NYSE:EGHT) has announced the deployment of its integrated cloud communications and contact centre solution by the Liverpool City Council. This partnership aims to digitize services for over half a million residents, overcoming limitations of the previous Avaya system. The transition enhances flexibility, analytics, and remote service delivery, empowering agents with insights into customer journeys. The success reflects 8x8's growth in the UK public sector, with nearly double the customers year-over-year, including various councils and NHS Trusts.

The Board of Directors at 8x8 (NYSE: EGHT) expressed gratitude to Vik Verma for his leadership over seven years, during which he established a $500M SaaS platform serving over 1.3M users and contributing $1.5B in market capitalization. The transition plan is set, with Verma taking on advisory roles. He emphasized the company's customer-centric values and expressed confidence in the team's future success.

8x8, a cloud communications provider (NYSE: EGHT), has appointed Dave Sipes as CEO. Former CEO Vik Verma transitions to an advisory role after seven years, during which he grew the SaaS business significantly. The company reaffirmed its financial guidance for Q3 and full fiscal 2021, expecting total revenues between $132 million to $133 million for Q3, representing 11% to 12% year-over-year growth. Full-year revenue guidance is set at $519 million to $522 million, indicating 16% to 17% growth. Sipes, previously COO at RingCentral, aims to leverage 8x8's strong market position.

8x8, Inc. (NYSE: EGHT) announced enhancements to its 8x8 Open Communications Platform, improving cloud communications and collaboration for organizations. Key updates include a frictionless user experience, expanded global presence, effortless administration capabilities, and deeper analytics. New features support integration with Google and Microsoft calendars, enhanced security, and accessibility for businesses in 42 countries. 8x8's recent recognition as a Leader in the Gartner Magic Quadrant further solidifies its market position.

8x8, Inc. (NYSE: EGHT) has partnered with OKO, an index insurance provider for farmers, to enhance communications in Africa. By integrating 8x8's Communication Platform as a Service and Chat Apps API, OKO aims to improve service delivery and customer experience for smallholder farmers. With over 30% of target farmers using WhatsApp, this collaboration allows for richer media exchanges and streamlined communication, overcoming previous limitations of SMS. OKO's innovative approach leverages satellite imagery and automated claims to provide accessible crop insurance to the agricultural community.

8x8, Inc. (NYSE: EGHT) has been named a Leader in the 2020 Gartner Magic Quadrant for Unified Communications as a Service for the ninth consecutive year. The recognition underscores the company's commitment to enhancing its cloud communications platform, which supports global enterprises in maintaining connectivity among teams and clients. CEO Vik Verma emphasized the importance of their investments in a single-vendor solution that enables seamless communication across various devices. Additionally, 8x8 was acknowledged as a Challenger in the Gartner Magic Quadrant for Contact Center as a Service.

8x8, Inc. (NYSE: EGHT) reported increased adoption of its 8x8 Voice for Microsoft Teams, providing a robust global telephony solution seamlessly integrated with Microsoft Teams. The service has added hundreds of new customers and tens of thousands of seats across North America, Europe, and Asia-Pacific. Notable new clients include a UK local district council and MSC Mediterranean Shipping Company, collectively utilizing 8x8's advanced telephony features. The company also announced a strategic channel partnership with Pax8, enhancing its market reach and collaboration opportunities.