8x8, Inc. (EGHT) Misses Q1 EPS by 1c, Offters Outlook

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Go back to 8x8, Inc. (EGHT) Misses Q1 EPS by 1c, Offters Outlook

8x8, Inc. Announces First Quarter Fiscal 2018 Financial Results

July 27, 2017 4:05 PM EDT

Mid-Market/Enterprise Service Revenue Increases 29%

GAAP Net Loss of $2.2 Million; Non-GAAP Pre-Tax Income of $3.3 Million

SAN JOSE, Calif.--(BUSINESS WIRE)-- 8x8, Inc. (NASDAQ: EGHT), provider of the worlds first Communications Cloud, today reported financial results for the first quarter of fiscal 2018 ended June 30, 2017.

First Quarter Financial Results:

Service revenue increased 18% year-over-year (YoY) to $65.1 million. Adjusting for constant currency and the exclusion of the discontinued, non-core DXI business segment, service revenue increased 21%.... More