8x8, Inc. (NASDAQ: EGHT) reported Q4 EPS of $0.05, $0.02 better than the analyst estimate of $0.03. Revenue for the quarter came in at $66.5 million versus the consensus estimate of $65.55 million.

GUIDANCE:

8x8, Inc. sees FY2018 revenue of $296-300 million, versus the consensus of $294.38 million.

Financial Outlook

For the full fiscal 2018 year, 8x8 introduces the following financial guidance:

• Service revenue in the range of $280 million to $285 million, representing approximately 19% to 21% YoY increase.
• Total revenue in the range of $296 million to $300 million, representing approximately 17% to 19% YoY increase.
• Non-GAAP pre-tax net income in the range of $21 million to $26 million, approximately 7% to 9% of revenue. Our estimated Non-GAAP effective tax rate is expected to be approximately 36%. Our cash taxes are expected to be less than $1 million.

Fourth Quarter Fiscal 2017 Financial Results:

• Total service revenue increased 20% year-over-year (YoY) to $62.7 million.
• Adjusted for constant currency and the exclusion of a discontinued, non-core DXI business segment, service revenue increased 24%.
• Service revenue from mid-market and enterprise customers increased 32% YoY and represented 56% of the Company’s total service revenue, compared with 50% in the same period last year.
• On an adjusted basis, service revenue from mid-market and enterprise customers increased 38%.
• Total revenue increased 16% YoY to $66.5 million.
• On an adjusted basis, total revenue increased 19%.
• GAAP net loss was ($2.9 million), ($0.03) per diluted share; non-GAAP net income was $5.1 million, 8% of revenue, or $0.05 per diluted share.
• GAAP gross margin was 77%, compared with 72% in the same period last year; non-GAAPgross margin was 79%, compared with 74% in the same period last year.
• GAAP service margin was 83%, compared with 81% in the same period last year; non-GAAPservice margin was 84%, compared with 83% in the same period last year.
• Cash generated from operating activities was $6.3 million.

For earnings history and earnings-related data on 8x8, Inc. (EGHT) click here.