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Broadband

8x8 lifts FY guidance after Q1 annualised recurring subscriptions revenue rises 24%

Thursday 5 August 2021 | 13:43 CET | News
8x8 is raising its FY forecasts after total revenue grew to USD 148.33 million for the fiscal first quarter ended 30 June from USD 121.81 million a year earlier, with service revenue rising to USD 137.80 million from USD 114.18 million. Total annualised recurring subscriptions and usage (ARR) grew to USD 535.8 million in the first quarter, up by 24 percent year on year. It said 824 customers generated ARR greater than USD 100,000, up by 36 percent from 606 customers in the same period last year.

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Categories: Fixed
Companies: 8x8
Countries: World
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