8x8, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 01, 2023 at 08:05 pm
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8x8, Inc. reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported revenue was USD 185 million compared to USD 187.39 million a year ago. Net loss was USD 7.45 million compared to USD 11.64 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.1 a year ago.
For the six months, revenue was USD 368.29 million compared to USD 375.01 million a year ago. Net loss was USD 22.78 million compared to USD 37.68 million a year ago. Basic loss per share from continuing operations was USD 0.19 compared to USD 0.32 a year ago.
8x8, Inc. is a provider of software-as-a-service solutions for contact centers, voice communications, video meetings, employee collaboration, and embeddable communication application programming interfaces (API). The Companyâs communications platform solutions comprise the 8x8 XCaaS platform, which is a configurable cloud communications platform that includes solutions for contact center, voice communications, team chat and collaboration, video meetings, embeddable communication APIs, and AI-based analytics. The Companyâ s integrated technology platform includes 8x8 Work, 8x8 Contact Center, 8x8 Contact Center, and 8x8 X Series. Its 8x8 Work is an end-to-end United Communications as a service (UCaaS) solution that delivers enterprise-grade voice with public switched telephone network (PSTN) connectivity, secure video meetings, and unified messaging including direct messages, public and private team messaging rooms, and short and multimedia services.