8×8, Inc. (NYSE: EGHT), a leading integrated cloud communications platform provider, today reported financial results for the first quarter of fiscal 2022 ended June 30, 2021.
First Quarter Fiscal 2022 Financial Results:
- Total revenue increased 22% year-over-year to $148.3 million.
- Service revenue increased 21% year-over-year to $137.8 million.
- GAAP Operating Loss was $38.8 million; Non-GAAP Operating Profit was $1.3 million.“We were pleased with our first quarter results,” said Dave Sipes, Chief Executive Officer at 8×8, Inc. “We introduced XCaaS (eXperience Communications as a Service) to break down the silos between cloud contact center and employee communications. XCaaS improves our customers’ time to cloud transformation and does so with unparalleled innovation. We are delivering today what our competitors are envisioning for the future.”