8x8, Inc. (EGHT) Tops Q1 EPS by 5c, Offers Guidance

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Go back to 8x8, Inc. (EGHT) Tops Q1 EPS by 5c, Offers Guidance

8x8, Inc. Reports First Quarter Fiscal 2021 Financial Results

July 30, 2020 4:05 PM EDT

Service revenue growth of 27% year-over-year

Total ARR grew 30% year-over-year

CAMPBELL, Calif.--(BUSINESS WIRE)-- 8x8, Inc. (NYSE: EGHT), a leading integrated cloud communications platform, today reported financial results for the first quarter of fiscal 2021 ended June 30, 2020.

First Quarter Fiscal 2021 Financial Results Highlights:

Total revenue increased 26.0% year-over-year to $121.8 million. Service revenue increased 27.1% year-over-year to $114.2 million. GAAP Pre-Tax Loss was $41.7 million; Non-GAAP Pre-Tax Loss was $7.6 million.

Our strategy remains focused on profitability, execution and... More