8x8 (EGHT) reported $178.15 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 2.8%. EPS of $0.08 for the same period compares to $0.13 a year ago. The reported revenue represents a surprise of -0.39% over the Zacks Consensus Estimate of $178.84 million. With the consensus EPS estimate being $0.08, the company has not delivered EPS surprise. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to d ...

8x8 (EGHT) came out with quarterly earnings of $0.08 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this telecommunications services company would post earnings of $0.07 per share when it actually produced earnings of $0.08, delivering a surprise of 14.29%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. 8x8, which ...

Exhibit 99.1 8x8, Inc. Reports First Quarter Fiscal Year 2025 Financial Results • Service revenue of $173 million and total revenue of $178 million • Platform enhancements delivering new AI-based capabilities and solutions to customers • Existing term loan repaid on August 5, 2024 with proceeds of new bank loan and cash on-hand CAMPBELL, CA, August 7, 2024 – 8x8, Inc. (NASDAQ: EGHT), a leading integrated cloud contact center and unified communications platform provider, today reported financial results for ...

8x8, Inc. (NASDAQ:EGHT), the SaaS cloud communications solution provider, has continued reporting stable revenues not showing signs of meaningful top line growth. My previous article on 8x8, titled "8x8: Waiting For A Growth Recovery", went over 8x8's overall financial profile and the company's recently lacking growth. No signs of growth resuming has since been reported, as 8x8 continues to try to improve its offering's appeal. In the previous article, I initiated 8x8 at Hold as the valuation seemed to a re ...

The telecom industry is bouncing back, fueled by the growing demand for connectivity and Internet-of-Things (IoT) services. However, it continues to navigate a maze of challenges though, with geopolitical tensions and persistent inflation weighing down its recovery. Hence, the savvy investor will want to scrutinize telecom stocks to sell more closely. Moreover, the telecom sector's resilience is tested by supply chain and labor market headwinds, which continue pushing operational costs higher. While there a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to _________ Commission file number 000-38312 8x8, Inc. (Exact name of Registrant as Specified in its Charter) Delaware 77-0142404 (State or Other Jurisdiction of Incorp ...

Financial Data and Key Metrics Changes - The company ended the quarter with approximately $118 million in cash, restricted cash, and investments after repaying the remaining $63 million of 2024 notes [5][48] - Cash flow from operations for the year increased by 62% from fiscal 2023, reaching $79 million [33][97] - Non-GAAP operating margins increased to double digits, with a significant reduction in non-GAAP cost structure totaling over $47 million from fiscal 2023 [21][56] Business Line Data and Key Metrics Changes - Sales of new products increased by more than 50% year-over-year for the second consecutive quarter, indicating strong customer acceptance [20] - The contact center business showed solid momentum, with a year-over-year growth of 9% despite seasonal declines in CPaaS [106][107] - The company reported a flat year-over-year ARR of $697 million, with a decline primarily due to seasonal decreases in CPaaS usage and Fuze customer attrition [52][53] Market Data and Key Metrics Changes - The company is focusing on small and mid-sized enterprises as a target customer segment, which is expected to drive future growth [35] - The introduction of new products and enhancements is aimed at increasing cross-sell opportunities and improving customer experience [38][125] Company Strategy and Development Direction - The company aims to maintain leadership in CCaaS and CPaaS while embedding AI across its integrated platform [6][12] - Future strategies include driving innovation, improving go-to-market activities, and maintaining a balanced approach to growth and profitability [27][100] - The company plans to continue returning value to investors through debt repayments, having repaid $88.3 million in fiscal 2024 [28][93] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's stronger financial position compared to the end of fiscal 2023, despite acknowledging challenges in the macroeconomic environment [37][138] - The company anticipates a gradual increase in CPaaS as a percentage of total revenue and expects to return to year-over-year growth by the fourth quarter of fiscal 2025 [55][62] Other Important Information - The company has committed to reducing outstanding debt and is on track to meet its goal of returning $250 million to investors over three years [93] - The company is exploring term loan refinancing options to reduce interest expenses further [96] Q&A Session Summary Question: How did CPaaS or CCaaS usage look in the March quarter? - Management noted that the contact center business has been growing, while CPaaS experienced seasonal declines [105][106] Question: What are the assumptions for the 2025 guide regarding CPaaS? - Management expects continued improvement in CPaaS throughout each quarter of 2025, despite some seasonal impacts [111] Question: Can you provide a waterfall model for the return to growth? - Management indicated that new products are growing significantly, and improvements in CPaaS and contact center products are expected to contribute to overall growth [115][120] Question: What is the outlook on Fuze churn and customer transitions? - Management acknowledged some headwinds due to rightsizing customer needs but emphasized that customer satisfaction is improving [118][119] Question: What is the current macroeconomic environment affecting the business? - Management described a cautious environment with longer deal cycles but noted that they are still able to close deals [147][149]

May 8, 2024 This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Any statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, words such as "may," "will," "should," "estimates," "predicts," "potential," "continue," "strategy," "believes," "anticipates," "plans," "expects," "intends," and similar expressions are intended ...

8x8 (EGHT) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this telecommunications services company would post earnings of $0.10 per share when it actually produced earnings of $0.12, delivering a surprise of 20%.Over the last four quarters, ...

Revenue and Financial Performance - Fourth quarter revenue was $179 million, and fiscal year 2024 revenue totaled $729 million, representing a 2% decrease from $743.9 million in fiscal 2023[7]. - Total annual recurring revenue (ARR) was $697 million at quarter-end, a decrease of 1% from the previous year[8]. - Service revenue for Q1 2024 was $172.49 million, a decrease of 4.1% from $176.56 million in Q1 2023[36]. - Total revenue for Q1 2024 was $179.41 million, down 2.4% from $184.53 million in Q1 2023[36]. - Non-GAAP net income for the year was $57,964,000, representing 8.0% of total revenue, compared to $38,513,000 or 5.2% in the previous year, an increase of 50.9%[46]. - Total ARR for Q4 Fiscal 2023 was $703 million, with a growth rate of only 2% compared to previous quarters[51]. Profitability and Losses - GAAP operating loss improved by 58% to $27.6 million compared to a loss of $66.3 million in fiscal 2023[7]. - Non-GAAP operating profit increased by 52% to $94.7 million, up from $62.4 million in fiscal 2023[7]. - Adjusted EBITDA for the fourth quarter was $26 million, down from $31.6 million in the same period last year[8]. - Net loss for Q1 2024 was $23.59 million, compared to a net loss of $9.43 million in Q1 2023, indicating a significant increase in losses[36]. - The net loss for the year ended March 31, 2024, was $67,592,000, an improvement from a net loss of $73,143,000 in the previous year, representing a decrease of approximately 7.1%[42]. - The company reported a basic and diluted net loss per share of $0.19 for Q1 2024, compared to $0.08 for Q1 2023[36]. - Non-GAAP net income per share for Q1 Fiscal 2024 was $0.08, down from $0.11 in Q1 Fiscal 2023[48]. - The company reported a GAAP net loss per share of $(0.19) for Q1 Fiscal 2024, compared to $(0.08) in Q1 Fiscal 2023[48]. Cash Flow and Debt Management - Cash flow from operations increased 62% year-over-year to $79 million for fiscal year 2024[7]. - The company repaid $63.3 million of its 2024 Notes, bringing total debt repayment in fiscal 2024 to $88.3 million[9]. - Interest paid increased to $35,574,000 in 2024 from $22,162,000 in 2023, reflecting a rise of 60.5%[43]. - The company reported a repayment of $63,295,000 on convertible senior notes during the year, compared to a repayment of $217,299,000 in the previous year, indicating a reduction in debt repayment[42]. - Total current assets decreased to $247.84 million as of March 31, 2024, from $273.12 million as of March 31, 2023[40]. - Total liabilities decreased to $654.02 million as of March 31, 2024, from $741.90 million as of March 31, 2023[40]. - Cash and cash equivalents increased to $116.26 million as of March 31, 2024, compared to $111.40 million as of March 31, 2023[40]. - Total cash, cash equivalents, and restricted cash at the end of the year was $116,723,000, up from $112,729,000 at the beginning of the year, indicating a net increase of $3,994,000[42]. Operational Efficiency - Research and development expenses for Q1 2024 were $33.93 million, down from $36.46 million in Q1 2023, a decrease of 6.9%[36]. - The company incurred stock-based compensation expenses of $65,857,000 for the year, down from $90,634,000 in 2023, a reduction of 27.4%[46]. - The company recorded a charge of $10 million for Fuze indirect tax liabilities during the three months ended March 31, 2024[49]. - The total cost of service revenue as a percentage of service revenue was 27.5% for the year ended March 31, 2024, compared to 28.0% in 2023, showing a slight improvement[46]. Future Outlook - For Q1 fiscal 2025, the company expects service revenue in the range of $170 million to $174 million and total revenue between $176 million and $181 million[15]. - Non-GAAP net income per share for fiscal 2025 is projected to be between $0.37 and $0.45, based on a fully diluted share count of approximately 133 million[15]. Product Development - The company launched several new products, including 8x8 Engage and Proactive Outreach, aimed at enhancing customer engagement and experience[14]. - Total Annual Recurring Revenue (ARR) for Q1 Fiscal 2024 was $703 million, showing a year-over-year growth of 2%[51]. - Enterprise ARR, which accounts for customers generating over $100,000 ARR, was $404 million in Q1 Fiscal 2024, maintaining 58% of total ARR[51]. - Small Business ARR for Q1 Fiscal 2024 was $167 million, with a year-over-year growth of 5%[51]. - Mid-Market ARR for Q1 Fiscal 2024 was $132 million, reflecting a year-over-year growth of 5%[51].