0
Broadband

8x8 profit still depressed by new tax regime, profit lifts 18% in Q2

Tuesday 30 October 2018 | 11:34 CET | News
US business services provider 8x8 said revenues for its fiscal second quarter to end September advanced 18 percent to USD 85.7 million. Service revenue increased 19 percent to USD 81.3 million. The company said it added 27 new large enterprise customers, double from the year before, boosted also by its newly launched X Series platform. Service revenue from mid-market and enterprise customers billing over USD 10,000 in monthly recurring revenue grew 60 percent.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: 8x8
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

8x8 revenue up 18% to USD 94 mln in March quarter

Published 15 May 2019 10:47 CET | United States
US business services provider 8x8 reported total revenue up 18 percent year-over-year to USD 93.8 million in its fiscal fourth ...

8x8 prices upsized offering of USD 250 mln of convertible senior notes

Published 14 Feb 2019 09:47 CET | United States
8x8 announced the pricing of USD 250 million of 0.50 percent convertible senior notes due 2024 in a private placement to ...

8x8 narrows loss, grows revenues in Q3

Published 30 Jan 2019 13:41 CET | United States
US business services provider 8x8 narrowed its net loss to USD 23.8 million during its fiscal third quarter to end December, from ...

8x8 announces partnership with Irish cloud provider Workair

Published 14 Nov 2018 11:01 CET | Ireland
Global cloud communications company 8x8 is furthering its European expansion through a new partnership with Irish cloud provider ...

8x8 buys open source video communications specialist Jitsi from Atlassian

Published 29 Oct 2018 15:44 CET | United States
US business services provider 8x8 has acquired Jitsi, an open source video communications technology, and its team, from ...

8x8 names Bonner to BoD

Published 26 Oct 2018 13:57 CET | World
8x8's BoD appointed Monique Bonner as a new independent director, effective 23 October. Bonner will also serve as a member of ...

8x8 appoints new CFO, MD for European operations

Published 09 Oct 2018 11:14 CET | World
8x8 has announced the appointment of a new CFO and MD for European operations, as well as the retirement of its MD for the UK. ...

8x8 names Zinn as General Counsel, Corporate Secretary and chief privacy officer

Published 24 Sep 2018 17:14 CET | World
8x8 appointed Matthew P. Zinn as SVP, General Counsel, Corporate Secretary & Chief Privacy Officer. In this newly created role, ...

8x8 X Series launches in the US, UK

Published 18 Jul 2018 18:18 CET | United States
8x8 said that its 8x8 X Series is now available in the US and UK. X Series helps companies transform enterprise communications ...

8x8 revenues lift 19% but profit hurt by new tax regime in Q4

Published 25 May 2018 11:00 CET | World
US business services provider 8x8 said revenues for its fiscal fourth quarter to end March rose 19 percent from the year before ...