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8x8 lifts FY revenue guidance but loss widens in Q3

Wednesday 5 February 2020 | 13:41 CET | News
8x8 raised its revenue guidance for the full year after reporting higher-than-expected results for its fiscal third quarter to end December, but still sees a wider loss on go-to-market growth initiatives. Revenues for the quarter rose a record 32 percent from the year before to USD 118.6 million while the adjusted pre-tax loss fell in line to USD 16.3 million, though wider than the loss of 5.4 million recorded the year before. Service revenues increased 32.2 percent to USD 113.6 million while the net loss widened to USD 47.0 million from 24.8 million.

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Categories: Fixed
Companies: 8x8 / Avaya
Countries: World
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