8×8, Inc. (NYSE: EGHT), a leading integrated cloud communications platform provider, today reported financial results for the second quarter of fiscal 2022 ended September 30, 2021.
Second Quarter Fiscal 2022 Financial Results:
- Total revenue increased 17% year-over-year to $151.6 million.
- Service revenue increased 18% year-over-year to $142.4 million.
- GAAP Operating Loss was $37.2 million; Non-GAAP Operating Profit was $1.9 million.“Our second quarter results demonstrated growing adoption and enterprise demand for our integrated 8×8 XCaaS™ (eXperience Communications as a Service™) solution, as well as significant contribution from our channel partners,” said Dave Sipes, Chief Executive Officer at 8×8, Inc. “We introduced two significant industry advancements. Frontdesk is our first composed experience that transforms the receptionist role by delivering a tailored experience and user interface that uniquely blends traditional UCaaS and CCaaS capabilities. We also announced the industry’s first integrated cloud phone and contact center solution for multinational organizations operating in Russia, which expands our Global Reach™ to 46 countries and territories.”