From Wall Street – 8×8 – CY2018-Q3

Forward motion with increasing contact center opportunities …

Current Highlights

The highlights for FY2019-Q2 (CY2018-Q3) are as follows:

  • Total revenue increased 18% year-over-year to $85.7 million. GAAP net loss was $21.5 million.
  • Service revenue increased 19% year-over-year to $81.3 million.
  • Service revenue for customers billing greater than $1,000 per month increased 30%; for customers greater than $10,000 per month, the increase was 60%.
  • New X-Series solution gaining traction. Eight of the top 10 deals were a combination of UCaaS and CCaaS.
  • Acquired video communications company Jitsi from Atlassian – open source Jitsi video technology will remain open source; key Jitsi products are Videobridge conferencing server and Meet conferencing and collaboration applications.

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