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   Technology Stocks8x8 (EGHT)


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To: Savant who wrote (1859)10/3/2014 1:07:44 PM
From: TechKim
   of 1926
 
The bottom line will be spoken for shortly! Awards are excellent but they do not serve as a financial asset.
So if guidance by the company stays in line. Hopefully, we will get a boast in share price.

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To: TechKim who wrote (1860)10/14/2014 9:46:03 AM
From: Savant
1 Recommendation   of 1926
 
8x8 Inc Raised to Buy From Neutral by B Riley >EGHT

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From: Savant10/22/2014 4:34:09 PM
   of 1926
 
8X8 Inc Raises Adjusted EPS as Percentage of Revenue View to 8%-10%
8x8, Inc. Reports Second Quarter Fiscal 2015 Financial Results

29% Year-Over-Year Increase in Revenue;

Non-GAAP Net Income of $4.3 Million, or $0.05 per Share

SAN JOSE, Calif.--(BUSINESS WIRE)--October 22, 2014--

8x8, Inc. (NASDAQ:EGHT), a provider of cloud-based unified communications, contact center and collaboration solutions, today reported financial results for the second quarter fiscal 2015 ended September 30, 2014.

Second Quarter Fiscal 2015 Financial Highlights:

-- Total revenue for the quarter increased 29% year-over-year to $39.6 million. -- Service revenue for the quarter increased 30% year-over-year to 36.1 million. -- New monthly recurring revenue (MRR) sold by channel and mid-market sales increased 59% year-over-year, representing 44% of new MRR sold in the quarter, compared with 33% in the same period last year. -- Average monthly service revenue per business customer increased 12% to a record $299, compared with $268 in the same period last year.

"Our differentiated cloud communications portfolio and increasing penetration in the mid- market enabled 8x8 to deliver another solid quarter of record revenue and profitable growth," stated 8x8 CEO Vik Verma. "The productivity advantages businesses are deriving from our combined cloud telephony, unified communications and contact center suite of services are measurable, and our ability to rapidly deploy large distributed enterprises on a global basis is unparalleled in our industry. The investments we have been making in the business are further separating us from our competition."

Mr. Verma continued, "Given our continued strong results this quarter and visibility into the second half of our fiscal year, we are increasing our annual guidance for revenue growth to approximately 26% and now expect non-GAAP net income as a percentage of revenue in the 8 -- 10% range for fiscal 2015."

Additional Second Quarter Results:

-- GAAP net income for the second quarter of fiscal 2015 was $1.3 million, or $0.01 per diluted share, compared with GAAP net income of $2.2 million, or $0.03 per diluted share, in the second quarter of fiscal 2014. -- Non-GAAP net income was $4.3 million, $0.05 per diluted share, or 11% of revenue, compared with $4.1 million, $0.05 per diluted share, for the same period last year. -- Service margin was 79%, compared with 81% in the same period a year ago; overall gross margin was 72%, compared with 71% in the same year ago period. -- Monthly business service revenue churn was 0.9%, compared with 1.2% in the same period last year. -- Cash, cash equivalents and investments were $185.6 million in the second quarter of fiscal 2015; cash flow from operating activities was $8.6 million year to date. -- Ended the quarter with 40,434 business customers, compared with 34,674 customers in the same period a year ago. -- Recognized as a "Leader" in Gartner's August 2014 "Magic Quadrant for Unified Communications as a Service (UCaaS), Multiregional" for the third consecutive year. -- Released Virtual Contact Center 8.1 upgrade with enhanced customer engagement capabilities. -- Awarded three new patents related to communications technologies; 96 U.S. patents awarded to date. -- Announced the appointment of Mary Ellen Genovese as Chief Financial Officer on October 7, 2014.

Conference Call Information:

Management will host a conference call to discuss these results and other matters related to the Company's business today, October 22, 2014, at 4:30 pm ET. The call is accessible via the following numbers and webcast links:

Dial In: (877) 843-0417, domestic (408) 427-3791, international Replay: (855) 859-2056, domestic (Conference ID #13248971) (404) 537-3406, international (Conference ID #13248971) Webcast: investors.8x8.com

Participants should plan to dial in or log on ten minutes prior to the start time. A telephonic replay of the call will be available three hours after the conclusion of the call until midnight October 28, 2014. The webcast will be archived on 8x8's website for a period of one year. For additional information, visit investors.8x8.com.

8x8 also reported, in accordance with NASDAQ Listing Rule 5635(c)(4), that employment inducement awards were granted to 12 new employees in connection with their recent hiring. The employees received restrictive stock units for 32,602 shares of the Company's Common Stock, subject to their continued employment and other conditions.

About 8x8, Inc.

8x8, Inc. (NASDAQ:EGHT) is the trusted provider of secure and reliable cloud-based unified communications and virtual contact center solutions to more than 40,000 small, midsize and distributed enterprise organizations operating in over 40 countries across six continents. 8x8's out-of-the-box cloud solutions replace traditional on-premise PBX hardware and software-based systems with a flexible and scalable Software as a Service (SaaS) alternative, encompassing cloud business phone service, contact center solutions, and web conferencing. For additional information, visit www.8x8.com, or www.8x8.com/UK or connect with 8x8 on Google+, Facebook, LinkedIn and Twitter.

Non-GAAP Measures

The Company has provided in this release financial information that has not been prepared in accordance with Generally Accepted Accounting Principles (GAAP). Management uses these non-GAAP financial measures internally in analyzing our financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating the Company's ongoing operational performance. Management believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating 8x8's ongoing operating results and trends and in comparing financial results with other companies in the industry, many of which present similar non-GAAP financial measures to investors.

Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures below. A reconciliation of non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included below in this press release.

Non-GAAP net income and non-GAAP net income per share

We have defined non-GAAP net income as net income for GAAP plus non-cash tax adjustments, stock-based compensation, amortization of acquired intangible assets, acquisition-related costs, gain on patent sale, gain on disposal of discontinued operations and management transition. We have excluded gain on patent sale and gain on disposal of discontinued operations because we consider these to have been isolated transactions and believe these are not reflective of our ongoing operations, and this reduces comparability of periodic operating results when these are included. Non-cash tax adjustments represent the differences between the amount of taxes we expect to pay and our GAAP tax provision each period. We have excluded stock-based compensation expense because it relies on valuations based on future events, such as the market price of our common stock, that are difficult to predict and are affected by market factors that are largely not within the control of management. Amortization of acquired intangible assets is excluded because it is a non-cash expense that we do not consider part of ongoing operations when assessing our financial performance, as it relates to accounting for certain purchased assets. We have excluded acquisition-related expenses and management transition expenses because these expenses are difficult to predict and are often one-time. We define non-GAAP net income per share as non-GAAP net income divided by the weighted-average diluted shares outstanding. We define non-GAAP net income percentage of revenue as non-GAAP net income divided by revenue. The GAAP and non-GAAP weighted average number of diluted shares to calculate GAAP and non-GAAP earnings per share are the same. We believe that such exclusions facilitate comparisons to our historical operating results and to the results of other companies in the same industry, and provides investors with information that we use in evaluating management's performance on a quarterly and annual basis.

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. These statements include, without limitation, information about future events based on current expectations, potential product development efforts, near and long-term objectives, potential new business, strategies, organization changes, changing markets, future business performance and outlook. Such statements are predictions only, and actual events or results could differ materially from those made in any forward-looking statements due to a number of risks and uncertainties. Actual results and trends may differ materially from historical results or those projected in any such forward-looking statements depending on a variety of factors. These factors include, but are not limited to, market acceptance of new or existing services and features, success of our efforts to target mid-market and larger distributed enterprises, changes in the competitive dynamics of the markets in which we compete, customer cancellations and rate of churn, impact of current economic climate and adverse credit markets on our target customers, our ability to scale our business, our reliance on infrastructure of third-party network services providers, risk of failure in our physical

infrastructure, risk of failure of our software, our ability to maintain the compatibility of our software with third-party applications and mobile platforms, continued compliance with industry standards and regulatory requirements, risks relating to our strategies and objectives for future operations, including the execution of integration plans and realization of the expected benefits of our acquisitions, the amount and timing of costs associated with recruiting, training and integrating new employees, introduction and adoption of our cloud communications and collaboration services in markets outside of the United States, and general economic conditions that could adversely affect our business and operating results. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's reports on Forms 10-K and 10-Q, as well as other reports that 8x8, Inc. files from time to time with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement, and 8x8, Inc. undertakes no obligation to update publicly any forward-looking statement for any reason, except as required by law, even as new information becomes available or other events occur in the future.

8x8, Inc. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share amounts; unaudited) Three Months Ended Six Months Ended September 30, September 30, ------------------- ------------------- 2014 2013 2014 2013 ---------- ------ ---------- ------ Service revenue $36,121 $27,826 $70,397 $54,325 Product revenue 3,477 2,989 7,114 5,741 ------ ------ ------ ------ Total revenue 39,598 30,815 77,511 60,066 ------ ------ ------ ------ Operating expenses (1): Cost of service revenue 7,505 5,209 14,502 9,995 Cost of product revenue 3,762 3,783 7,731 7,130 Research and development 3,496 2,640 6,902 4,976 Sales and marketing 19,440 13,745 38,600 26,817 General and administrative 3,893 3,125 7,771 5,897 Gain on patent sale (1,000) - (1,000) - ------ ------ ------ ------ Total operating expenses 37,096 28,502 74,506 54,815 ------ ------ ------ ------ Income from operations 2,502 2,313 3,005 5,251 Other income, net 200 1 377 16 ------ ------ ------ ------ Income from continuing operations before provision for income taxes 2,702 2,314 3,382 5,267 Provision for income taxes 1,411 826 2,083 1,787 ------ ------ ------ ------ Income from continuing operations 1,291 1,488 1,299 3,480 Income from discontinued operations, net of income tax provision - 154 - 301 Gain on disposal of discontinued operations, net of income tax provision of $463 - 589 - 589 ------ ------ ------ ------ Net Income $ 1,291 $ 2,231 $ 1,299 $ 4,370 ====== ====== ====== ====== Income per share - continuing operations: Basic $ 0.01 $ 0.02 $ 0.01 $ 0.05 Diluted $ 0.01 $ 0.02 $ 0.01 $ 0.05 Income per share - discontinued operations: Basic $ - $ 0.01 $ - $ 0.01 Diluted $ - $ 0.01 $ - $ 0.01 Net income per share: Basic $ 0.01 $ 0.03 $ 0.01 $ 0.06 Diluted $ 0.01 $ 0.03 $ 0.01 $ 0.06 Weighted average number of shares: Basic 89,073 72,970 88,861 72,788 Diluted 91,615 76,232 91,568 76,035 (1) Amounts include stock-based compensation expense, as follows: Three Months Ended Six Months Ended September 30, September 30, ------------------- ------------------- 2014 2013 2014 2013 ---------- ------ ---------- ------ Cost of service revenue $ 160 $ 68 $ 275 $ 136 Cost of product revenue - - - - Research and development 315 141 629 295 Sales and marketing 910 393 1,654 740 General and administrative 623 504 1,297 842 ------ ------ ------ ------ $ 2,008 $ 1,106 $ 3,855 $ 2,013 ====== ====== ====== ====== 8x8, Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, unaudited) September 30, March 31, 2014 2014 ------------- --------- ASSETS Current assets Cash and cash equivalents $ 56,048 $ 59,159 Short-term investments 129,519 47,181 Accounts receivable, net 7,266 5,503 Inventory 754 811 Deferred tax assets 1,732 2,065 Other current assets 3,247 2,214 ------------- --------- Total current assets 198,566 116,933 Long-term investments - 72,021 Property and equipment, net 9,555 7,711 Intangible assets, net 13,826 15,095 Goodwill 38,114 38,461 Deferred tax assets, non-current 46,128 47,797 Other assets 1,144 1,185 ------------- --------- Total assets $ 307,333 $ 299,203 ============= ========= LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 8,898 $ 6,789 Accrued compensation 5,500 4,583 Accrued warranty 538 660 Deferred revenue 1,522 1,857 Other accrued liabilities 3,891 4,232 ------------- --------- Total current liabilities 20,349 18,121 Other liabilities 2,532 2,904 ------------- --------- Total liabilities 22,881 21,025 ------------- --------- Total stockholders' equity 284,452 278,178 ------------- --------- Total liabilities and stockholders' equity $ 307,333 $ 299,203 ============= ========= 8x8, Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands, unaudited) Six Months Ended September 30, -------------------- 2014 2013 -------- --------- Cash flows from operating activities: Net income $ 1,299 $ 4,370 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 1,576 1,287 Amortization of intangible assets 1,133 671 Amortization of capitalized software 170 37 Net Accretion of discount and amortization of premium on marketable securities 428 - Gain on disposal of discontinued operations - (589) Stock-based compensation 3,855 2,013 Deferred income tax provision 2,002 1,589 Other 115 390 Changes in assets and liabilities: Accounts receivable, net (1,883) (1,179) Inventory 29 91 Other current and noncurrent assets (608) (431) Deferred cost of goods sold (340) (6) Accounts payable 980 22 Accrued compensation 918 17

Accrued warranty (122) 100 Accrued taxes and fees 249 (166) Deferred revenue (564) 961 Other current and noncurrent liabilities (607) (166) ------- ------ Net cash provided by operating activities 8,630 9,011 ------- ------ Cash flows from investing activities: Purchases of property and equipment (2,553) (1,445) Cost of capitalized software (181) (473) Proceeds from maturity of investments 21,600 - Sales of investments - available for sale 25,537 - Purchase of investments - available for sale (57,854) - ------- ------ Net cash used in investing activities (13,451) (1,918) ------- ------ Cash flows from financing activities: Capital lease payments (81) (10) Repurchase of common stock (80) (257) Proceeds from issuance of common stock under employee stock plans 1,699 2,214 ------- ------ Net cash provided by financing activities 1,538 1,947 Effect of exchange rate changes on cash 172 - ------- ------ Net (decrease) increase in cash and cash equivalents (3,111) 9,040 Cash and cash equivalents at the beginning of the period 59,159 50,305 ------- ------ Cash and cash equivalents at the end of the period $ 56,048 $59,345 ======= ====== 8x8, Inc. Selected Operating Statistics (1) Three Months Ended --------------------------------------------------------------- Sept. 30, Dec. 31, March 31, June 30, Sept. 30, 2013 2013 2014 2014 2014 ----------- ----------- ----------- ----------- ----------- Total business customers (2) 34,674 36,753 37,933 39,340 40,434 Business customer average monthly service revenue per customer (3) $ 268 $ 274 $ 287 $ 293 $ 299 Monthly business service revenue churn 1.2% 1.5% 1.2% 0.4% 0.9% Overall service margin 81% 81% 79% 80% 79% Overall product margin -27% -34% -23% -9% -8% Overall gross margin 71% 71% 70% 71% 72% (1) Selected operating statistics table include continuing operations and excludes dedicated server hosting business sold September 30, 2013. (2) Business customers are defined as customers paying for service. Customers that are currently in the 30-day trial period are considered to be customers that are paying for service. Customers subscribing to Virtual Office Solo, DNS or Cloud VPS services are not included as business customers. (3) Business customer average monthly service revenue per customer is service revenue from business customers in the period divided by the number of months in the period divided by the simple average number of business customers during the period. 8x8, Inc. RECONCILIATION OF NET INCOME TO NON-GAAP NET INCOME AND NON-GAAP NET INCOME PER SHARE (In thousands, except per share amounts; unaudited) Three Months Ended Six Months Ended September 30, September 30, ----------------------- ----------------------- 2014 2013 2014 2013 ------ ------ ------ ------ Net income $ 1,291 $ 2,231 $ 1,299 $ 4,370 Gain on patent sale (1,000) - (1,000) - Gain on disposal of discontinued operations - (589) - (589) Non-cash tax adjustments 1,392 716 2,002 1,589 Amortization of acquired intangible assets 566 331 1,133 671 Stock-based compensation expense 2,008 1,106 3,855 2,013 Acquisition related expenses - 143 - 143 Management transition - 133 - 133 ------ ------ ------ ------ Non-GAAP net income $ 4,257 4,071 $ 7,289 $ 8,330 ====== ====== ====== ====== Weighted average number of shares: Diluted 91,615 76,232 91,568 76,035 GAAP net income per share - Diluted $ 0.01 $ 0.03 $ 0.01 $ 0.06 Gain on patent sale (0.01) - (0.01) - Gain on disposal of discontinued operations - (0.01) - (0.01) Non-cash tax adjustments 0.02 0.01 0.02 0.02 Amortization of acquired intangible assets - - 0.01 0.01 Stock-based compensation expense 0.03 0.02 0.05 0.03 Acquisition related expenses - - - - Management transition - - - - ------ ------ ------ ------ Non-GAAP net income per share - Diluted $ 0.05 $ 0.05 $ 0.08 $ 0.11 ====== ====== ====== ====== GAAP net income percentage of revenue 3% 7% 2% 7% Gain on patent sale -2% - -1% - Gain on disposal of discontinued operations - -2% - -1% Non-cash tax adjustments 4% 2% 2% 3% Amortization of acquired intangible assets 1% 1% 1% 1% Stock-based compensation expense 5% 4% 5% 4% Acquisition related expenses - 1% - - Management transition - - - - ------ ------ ------ ------ Non-GAAP net income percentage of revenue 11% 13% 9% 14% ====== ======


Accrued taxes and fees 249 (166) Deferred revenue (564) 961 Other current and noncurrent liabilities (607) (166) ------- ------ Net cash provided by operating activities 8,630 9,011 ------- ------ Cash flows from investing activities: Purchases of property and equipment (2,553) (1,445) Cost of capitalized software (181) (473) Proceeds from maturity of investments 21,600 - Sales of investments - available for sale 25,537 - Purchase of investments - available for sale (57,854) - ------- ------ Net cash used in investing activities (13,451) (1,918) ------- ------ Cash flows from financing activities: Capital lease payments (81) (10) Repurchase of common stock (80) (257) Proceeds from issuance of common stock under employee stock plans 1,699 2,214 ------- ------ Net cash provided by financing activities 1,538 1,947 Effect of exchange rate changes on cash 172 - ------- ------ Net (decrease) increase in cash and cash equivalents (3,111) 9,040 Cash and cash equivalents at the beginning of the period 59,159 50,305 ------- ------ Cash and cash equivalents at the end of the period $ 56,048 $59,345 ======= ====== 8x8, Inc. Selected Operating Statistics (1) Three Months Ended --------------------------------------------------------------- Sept. 30, Dec. 31, March 31, June 30, Sept. 30, 2013 2013 2014 2014 2014 ----------- ----------- ----------- ----------- ----------- Total business customers (2) 34,674 36,753 37,933 39,340 40,434 Business customer average monthly service revenue per customer (3) $ 268 $ 274 $ 287 $ 293 $ 299 Monthly business service revenue churn 1.2% 1.5% 1.2% 0.4% 0.9% Overall service margin 81% 81% 79% 80% 79% Overall product margin -27% -34% -23% -9% -8% Overall gross margin 71% 71% 70% 71% 72% (1) Selected operating statistics table include continuing operations and excludes dedicated server hosting business sold September 30, 2013. (2) Business customers are defined as customers paying for service. Customers that are currently in the 30-day trial period are considered to be customers that are paying for service. Customers subscribing to Virtual Office Solo, DNS or Cloud VPS services are not included as business customers. (3) Business customer average monthly service revenue per customer is service revenue from business customers in the period divided by the number of months in the period divided by the simple average number of business customers during the period. 8x8, Inc. RECONCILIATION OF NET INCOME TO NON-GAAP NET INCOME AND NON-GAAP NET INCOME PER SHARE (In thousands, except per share amounts; unaudited) Three Months Ended Six Months Ended September 30, September 30, ----------------------- ----------------------- 2014 2013 2014 2013 ------ ------ ------ ------ Net income $ 1,291 $ 2,231 $ 1,299 $ 4,370 Gain on patent sale (1,000) - (1,000) - Gain on disposal of discontinued operations - (589) - (589) Non-cash tax adjustments 1,392 716 2,002 1,589 Amortization of acquired intangible assets 566 331 1,133 671 Stock-based compensation expense 2,008 1,106 3,855 2,013 Acquisition related expenses - 143 - 143 Management transition - 133 - 133 ------ ------ ------ ------ Non-GAAP net income $ 4,257 4,071 $ 7,289 $ 8,330 ====== ====== ====== ====== Weighted average number of shares: Diluted 91,615 76,232 91,568 76,035 GAAP net income per share - Diluted $ 0.01 $ 0.03 $ 0.01 $ 0.06 Gain on patent sale (0.01) - (0.01) - Gain on disposal of discontinued operations - (0.01) - (0.01) Non-cash tax adjustments 0.02 0.01 0.02 0.02 Amortization of acquired intangible assets - - 0.01 0.01 Stock-based compensation expense 0.03 0.02 0.05 0.03 Acquisition related expenses - - - - Management transition - - - - ------ ------ ------ ------ Non-GAAP net income per share - Diluted $ 0.05 $ 0.05 $ 0.08 $ 0.11 ====== ====== ====== ====== GAAP net income percentage of revenue 3% 7% 2% 7% Gain on patent sale -2% - -1% - Gain on disposal of discontinued operations - -2% - -1% Non-cash tax adjustments 4% 2% 2% 3% Amortization of acquired intangible assets 1% 1% 1% 1% Stock-based compensation expense 5% 4% 5% 4% Acquisition related expenses - 1% - - Management transition - - - - ------ ------ ------ ------ Non-GAAP net income percentage of revenue 11% 13% 9% 14%




8x8, Inc. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share amounts; unaudited) Three Months Ended Six Months Ended September 30, September 30, ------------------- ------------------- 2014 2013 2014 2013 ---------- ------ ---------- ------ Service revenue $36,121 $27,826 $70,397 $54,325 Product revenue 3,477 2,989 7,114 5,741 ------ ------ ------ ------ Total revenue 39,598 30,815 77,511 60,066 ------ ------ ------ ------ Operating expenses (1): Cost of service revenue 7,505 5,209 14,502 9,995 Cost of product revenue 3,762 3,783 7,731 7,130 Research and development 3,496 2,640 6,902 4,976 Sales and marketing 19,440 13,745 38,600 26,817 General and administrative 3,893 3,125 7,771 5,897 Gain on patent sale (1,000) - (1,000) - ------ ------ ------ ------ Total operating expenses 37,096 28,502 74,506 54,815 ------ ------ ------ ------ Income from operations 2,502 2,313 3,005 5,251 Other income, net 200 1 377 16 ------ ------ ------ ------ Income from continuing operations before provision for income taxes 2,702 2,314 3,382 5,267 Provision for income taxes 1,411 826 2,083 1,787 ------ ------ ------ ------ Income from continuing operations 1,291 1,488 1,299 3,480 Income from discontinued operations, net of income tax provision - 154 - 301 Gain on disposal of discontinued operations, net of income tax provision of $463 - 589 - 589 ------ ------ ------ ------ Net Income $ 1,291 $ 2,231 $ 1,299 $ 4,370 ====== ====== ====== ====== Income per share - continuing operations: Basic $ 0.01 $ 0.02 $ 0.01 $ 0.05 Diluted $ 0.01 $ 0.02 $ 0.01 $ 0.05 Income per share - discontinued operations: Basic $ - $ 0.01 $ - $ 0.01 Diluted $ - $ 0.01 $ - $ 0.01 Net income per share: Basic $ 0.01 $ 0.03 $ 0.01 $ 0.06 Diluted $ 0.01 $ 0.03 $ 0.01 $ 0.06 Weighted average number of shares: Basic 89,073 72,970 88,861 72,788 Diluted 91,615 76,232 91,568 76,035 (1) Amounts include stock-based compensation expense, as follows: Three Months Ended Six Months Ended September 30, September 30, ------------------- ------------------- 2014 2013 2014 2013 ---------- ------ ---------- ------ Cost of service revenue $ 160 $ 68 $ 275 $ 136 Cost of product revenue - - - - Research and development 315 141 629 295 Sales and marketing 910 393 1,654 740 General and administrative 623 504 1,297 842 ------ ------ ------ ------ $ 2,008 $ 1,106 $ 3,855 $ 2,013 ====== ====== ====== ====== 8x8, Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, unaudited) September 30, March 31, 2014 2014 ------------- --------- ASSETS Current assets Cash and cash equivalents $ 56,048 $ 59,159 Short-term investments 129,519 47,181 Accounts receivable, net 7,266 5,503 Inventory 754 811 Deferred tax assets 1,732 2,065 Other current assets 3,247 2,214 ------------- --------- Total current assets 198,566 116,933 Long-term investments - 72,021 Property and equipment, net 9,555 7,711 Intangible assets, net 13,826 15,095 Goodwill 38,114 38,461 Deferred tax assets, non-current 46,128 47,797 Other assets 1,144 1,185 ------------- --------- Total assets $ 307,333 $ 299,203 ============= ========= LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 8,898 $ 6,789 Accrued compensation 5,500 4,583 Accrued warranty 538 660 Deferred revenue 1,522 1,857 Other accrued liabilities 3,891 4,232 ------------- --------- Total current liabilities 20,349 18,121 Other liabilities 2,532 2,904 ------------- --------- Total liabilities 22,881 21,025 ------------- --------- Total stockholders' equity 284,452 278,178 ------------- --------- Total liabilities and stockholders' equity $ 307,333 $ 299,203 ============= ========= 8x8, Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands, unaudited) Six Months Ended September 30, -------------------- 2014 2013 -------- --------- Cash flows from operating activities: Net income $ 1,299 $ 4,370 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 1,576 1,287 Amortization of intangible assets 1,133 671 Amortization of capitalized software 170 37 Net Accretion of discount and amortization of premium on marketable securities 428 - Gain on disposal of discontinued operations - (589) Stock-based compensation 3,855 2,013 Deferred income tax provision 2,002 1,589 Other 115 390 Changes in assets and liabilities: Accounts receivable, net (1,883) (1,179) Inventory 29 91 Other current and noncurrent assets (608) (431) Deferred cost of goods sold (340) (6) Accounts payable 980 22 Accrued compensation 918 17 Accrued warranty (122) 100




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From: Savant11/5/2014 9:17:51 AM
   of 1926
 
8x8 Issued New Communications Patent by U.S. Patent and Trademark Office

Nov 05, 2014 08:15:00 (ET)

SAN JOSE, Calif.--(BUSINESS WIRE)--November 05, 2014-- 
8x8, Inc. (Nasdaq:EGHT), a provider of cloud-based unified communications, contact center and collaboration services, today announced that it has been awarded a new patent related to its contact center technologies.

On November 4, 2014, the U.S. Patent and Trademark Office issued United States Patent number 8,879,540 entitled, "Systems, Methods, Devices and Arrangements for Emergency Call Services."

The new patent relates to, among other things, determining the location of an emergency call using a location database populated from the nodes of data transmission routes from a plurality of endpoint devices. In June 2004, 8x8 became the first major broadband Internet telephone service provider to offer E911 service to customers. The company has continued to create advancements in this field by inventing new emergency calling technologies that work with its nomadic business endpoints and mobile service applications.

Since its establishment, 8x8 has been awarded ninety-seven (97) United States patents covering a variety of voice and video communications, signaling, processing and storage technologies.

About 8x8, Inc.

8x8, Inc. (NASDAQ:EGHT) is the trusted provider of secure and reliable cloud-based unified communications and virtual contact center solutions to more than 40,000 small, midsize and distributed enterprise organizations operating in over 40 countries across six continents. 8x8's out-of-the-box cloud solutions replace traditional on-premise PBX hardware and software-based systems with a flexible and scalable Software as a Service (SaaS) alternative, encompassing cloud business phone service, contact center solutions, and web conferencing. For additional information, visit www.8x8.com, or www.8x8.com/UK or connect with 8x8 on Google+, Facebook, LinkedIn and Twitter.

      CONTACT: 8x8, Inc. 
Tim Polakowski, 408-883-8434

tim.polakowski@8x8.com

      SOURCE: 8x8  

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To: Savant who wrote (1861)11/6/2014 8:45:12 AM
From: TechKim
   of 1926
 
I hope to see more positives by the financial analyst.

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To: TechKim who wrote (1864)12/2/2014 11:28:14 AM
From: Savant
1 Recommendation   of 1926
 
Information Security Provider FishNet Security Migrates Premises-Based Telephony and Contact Center Infrastructure at 30 Locations to 8x8's Cloud-Based Services in Less Than Four Weeks

Dec 02, 2014 08:15:00 (ET)

Over 700 Employees Are Now Unified on the 8x8 Platform, Resulting in Vendor Consolidation, Simplified System Administration and Predictable Communication Costs

SAN JOSE, Calif.--(BUSINESS WIRE)--December 02, 2014-- 
8x8, Inc. (NASDAQ:EGHT), a provider of cloud-based unified communications, contact center and collaboration solutions, today announced that FishNet Security, the number one provider of information security solutions combining technology, services, support and training, has migrated over 30 offices dispersed throughout the United States to 8x8's cloud-based communications services in less than one month's time.

The transition from FishNet Security's premises-based telephony and contact center systems to the 8x8 Virtual Office and Virtual Contact Center cloud solutions will result in a number of key business advantages for the company including reducing the number of vendors providing services, simplifying system administration and ensuring predictable communication costs across the entire company.

With more than 700 employees, FishNet Security has become the world's largest information security and infrastructure solutions provider. Headquartered in Overland Park, Kansas, FishNet Security has 11 major offices across the U.S. and approximately 20 additional remote locations. The company serves Fortune 500 clients as well as a number of federal government departments.

"We were primarily focused on operations and reliability, ease of use, and reducing the amount of system administration required," said David Yarnevich, FishNet Security's IT architect. "Also, we are very cost-conscious, and moving our communications to the cloud offered us a level of financial predictability that was very attractive."

For a variety of business reasons, FishNet Security needed to execute a complete cutover from its previous PBX system over a very short period of time. While evaluating cloud-based providers, Yarnevich was impressed by 8x8's "completeness of vision and ability to execute" and recognition by Gartner as an industry leader.

"The timeframe for our deployment was much shorter than we would have liked, and that made our rollout kind of tricky," recalled Yarnevich. "We selected 8x8 because they have a successful track record of helping customers move their communications to the cloud quickly."

Yarnevich and his team first deployed 8x8 at the company's smaller remote offices before moving on to the main offices. Within two weeks, all offices except for headquarters had been successfully migrated. In less than a month, the entire company was unified on the 8x8 communications platform.

"Switching to 8x8 has freed up a lot of our IT staff's time to focus on doing things that are more strategic in nature than worrying about day-to-day tasks of administering the phone system," said Yarnevich. He noted that the company has also significantly reduced its communication costs by eliminating the MPLS circuits it previously leased to deliver services to its remote offices.

In addition to 8x8 phone service, FishNet Security has implemented two 8x8 Virtual Contact Centers to support inbound and outbound calls. The flexibility of 8x8's virtual solution enables agents to work anywhere, a huge benefit to the rapidly growing and geographically dispersed company.

"One of the things that we focused on when replacing our communications system was simplification," said Yarnevich. "Previously, we had multiple vendors in place, whether it was for circuits or software licenses or support. Reducing all that down to one vendor has made a huge difference economically. We also like the predictability of 8x8's flat monthly pricing, which makes it easy to add new users and offices."

"8x8 delivers a complete cloud-based solution that simplifies the customer's communications infrastructure and speeds their deployment of mission critical services," said 8x8 CEO Vik Verma. "Instead of dealing with multiple vendors, customers like FishNet Security can access phone, contact center, meeting, and mobility services from 8x8's highly reliable, scalable and secure telephony platform. Reducing complexity quickly translates into significant time- and cost savings for many 8x8 customers."

About 8x8, Inc.

8x8, Inc. (NASDAQ:EGHT) is the trusted provider of secure and reliable cloud-based unified communications and virtual contact center solutions to more than 40,000 small, midsize and distributed enterprise organizations operating in over 40 countries across six continents. 8x8's out-of-the-box cloud solutions replace traditional on-premise PBX hardware and software-based systems with a flexible and scalable Software as a Service (SaaS) alternative, encompassing cloud business phone service, contact center solutions, and web conferencing. For additional information, visit www.8x8.com, or www.8x8.com/UK or connect with 8x8 on Google+, Facebook, LinkedIn and Twitter.

About FishNet Security

FishNet Security, an Investcorp portfolio company, is a leading provider of information security solutions, combining technology, services, support and training. Since 1996, the company has repeatedly been recognized for its rapid growth, high customer satisfaction and continuous business innovation. Today, FishNet Security has 29 regional offices, including nine training facilities, two product testing laboratories and two security operations centers that monitor and support customer networks. For more information, visit FishNet Security's website at www.fishnetsecurity.com or connect with FishNet Security on Twitter, Facebook and LinkedIn.

      CONTACT: 8x8, Inc. 
Tim Polakowski, 408-883-8434

tim.polakowski@8x8.com

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To: TechKim who wrote (1864)12/19/2014 10:23:16 AM
From: Savant
   of 1926
 
8x8 Issued New Conferencing and Meeting Patent by U.S. Patent and Trademark Office

Dec 18, 2014 09:09:00 (ET)

SAN JOSE, Calif.--(BUSINESS WIRE)--December 18, 2014-- 
8x8, Inc. (NASDAQ:EGHT), a provider of cloud based unified communications, contact center and collaboration services, today announced that it has been awarded a new patent related to its Virtual Meeting technologies.

On December 16, 2014, the U.S. Patent and Trademark Office issued United States Patent number 8,914,734 entitled "Web-enabled Conferencing and Meeting Implementations with a Subscription-based Model."

The new patent relates to, among other things, a meeting and conferencing system implemented with a server arrangement configured to provide a web-based meeting-group subscription option to potential meeting participants.

Since its establishment, 8x8 has been awarded ninety-eight (98) United States patents covering a variety of voice and video communications, signaling, processing and storage technologies.

About 8x8, Inc.

8x8, Inc. (NASDAQ:EGHT) is the trusted provider of secure and reliable cloud-based unified communications and virtual contact center solutions to more than 40,000 small, midsize and distributed enterprise organizations operating in over 40 countries across six continents. 8x8's out-of-the-box cloud solutions replace traditional on-premise PBX hardware and software-based systems with a flexible and scalable Software as a Service (SaaS) alternative, encompassing cloud business phone service, contact center solutions, and web conferencing. For additional information, visit www.8x8.com, or www.8x8.com/UK or connect with 8x8 on Google+, Facebook, LinkedIn and Twitter.

      CONTACT: 8x8, Inc. 
Tim Polakowski, 669-200-6638

tim.polakowski@8x8.com

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To: TechKim who wrote (1864)1/22/2015 7:53:53 PM
From: Savant
1 Recommendation   of 1926
 
8x8, Inc. Reports Third Quarter Fiscal 2015 Financial Results
Record Revenue of $41.4 Million, Up 26% Year-Over-Year;

Non-GAAP Net Income of $4.1 Million, or $0.04 per Share, Representing 10% of Revenue

SAN JOSE, Calif.--(BUSINESS WIRE)--January 22, 2015--

8x8, Inc. (NASDAQ:EGHT), a provider of cloud-based unified communications, contact center and collaboration solutions, today reported financial results for the third quarter of fiscal 2015 ended December 31, 2014.

Third Quarter Fiscal 2015 Financial Highlights:

-- Total revenue for the quarter increased 26% year-over-year to $41.4 million. -- Service revenue for the quarter increased 27% year-over-year to $37.8 million. -- New monthly recurring revenue (MRR) sold by our midmarket and channel sales teams increased 42% year over year, representing 44% of new MRR sold in the quarter, compared with 35% in the same period last year. -- Average monthly service revenue per business customer increased 11% to a record $305, compared with $274 in the same period last year.

"8x8's results for the third quarter of fiscal 2015 were once again strong with record revenue, increasing ARPU and continued profitability driven by the successful execution of our midmarket growth strategies," stated 8x8 CEO Vik Verma. "The investments we've made in customer support, sales engineering and product development, in particular, are differentiating us from the competition further and enabling us to excel in areas such as security, reliability, breadth of services, time to value and global availability. With the recent senior executive appointments of Enzo Signore as Chief Marketing Officer and Puneet Arora as Senior Vice President of Global Sales, our management team is now fully prepared to embrace the tremendous market opportunity we see ahead for the company."

Mr. Verma added, "We are maintaining our guidance for annual revenue growth of approximately 26% in fiscal 2015, and we continue to expect non-GAAP net income as a percentage of revenue in the 8-10% range for fiscal 2015."

Additional Third Quarter and Year-to-Date Highlights:

-- GAAP net income for the third quarter of fiscal 2015 was $444,000, or $0.01 per diluted share, compared with GAAP net income of $89,000, or $0.00 per diluted share, in the third quarter of fiscal 2014. -- Non-GAAP net income was $4.1 million, $0.04 per diluted share, or 10% of revenue, for the quarter, compared with $2.5 million, $0.03 per diluted share, or 8% of revenue, for the same period last year. -- Service margin was 80%, compared with 81% in the same period a year ago; overall gross margin was 72%, compared with 71% in the same year ago period. -- Monthly business service revenue churn was 1.0%, compared with 1.5% in the same period last year. -- Cash, cash equivalents and investments was $187.9 million in the third quarter of fiscal 2015, compared with $174.0 million in the same period last year; cash flow from operating activities was $13.8 million year to date. -- Ended the quarter with 41,051 business customers, up 11.7% compared with 36,753 customers in the same period a year ago. -- Recognized as the "2014 Emerging Cloud Partner of the Year" by Insight, Inc, a leading worldwide technology provider of hardware, software and service solutions at Synergy 2015, Insight's annual Partner Forum. -- Awarded five new U.S. patents and reported 100th patent milestone. -- Announced the appointment of Enzo Signore as Chief Marketing Officer. -- Announced the appointment of Puneet Arora as Senior Vice President of Global Sales.

Conference Call Information:

Management will host a conference call to discuss these results and other matters related to the Company's business today, January 22, 2015, at 4:30 pm ET. The call is accessible via the following numbers and webcast links:

Dial In: (877) 843-0417, domestic (408) 427-3791, international Replay: (855) 859-2056, domestic (Conference ID # 54803999) (404) 537-3406, international (Conference ID # 54803999) Webcast: investors.8x8.com

Participants should plan to dial in or log on ten minutes prior to the start time. A telephonic replay of the call will be available three hours after the conclusion of the call until midnight January 28, 2015. The webcast will be archived on 8x8's website for a period of one year. For additional information, visit investors.8x8.com.

8x8 also reported, in accordance with NASDAQ Listing Rule 5635(c)(4), that employment inducement awards were granted to Puneet Arora and 13 new employees in connection with their recent hiring. Mr. Arora received an option to purchase 117,702 shares of the Company's common stock with an exercise price of $8.93 per share, which is equal to the closing price of the Company's Common Stock on January 20, 2015. In addition, Mr. Arora received restrictive stock units ("RSUs") and performance share units ("PSUs") representing the right to receive up to 78,304 shares of common stock. Vesting of the option, RSUs and PSUs is subject to his continued service with the Company, and the PSUs are subject to additional vesting requirements based on future market prices of the common stock. The 13 other employees received restrictive stock units for 36,742 shares of the Company's Common Stock, subject to their continued employment.

About 8x8, Inc.

8x8, Inc. (NASDAQ:EGHT) is the trusted provider of secure and reliable cloud-based unified communications and virtual contact center solutions to more than 40,000 businesses operating in over 40 countries across six continents. 8x8's out-of-the-box cloud solutions replace traditional on-premise PBX hardware and software-based systems with a flexible and scalable Software as a Service (SaaS) alternative, encompassing cloud business phone service, contact center solutions, and web conferencing. For additional information, visit www.8x8.com, or www.8x8.com/UK or connect with 8x8 on Google+, Facebook, LinkedIn and Twitter.

Non-GAAP Measures

The Company has provided in this release financial information that has not been prepared in accordance with Generally Accepted Accounting Principles (GAAP). Management uses these non-GAAP financial measures internally in analyzing our financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating the Company's ongoing operational performance. Management believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating 8x8's ongoing operating results and trends and in comparing financial results with other companies in the industry, many of which present similar non-GAAP financial measures to investors.

Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures below. A reconciliation of non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included below in this press release.

Non-GAAP net income and non-GAAP net income per share

We have defined non-GAAP net income as net income for GAAP plus non-cash tax adjustments, stock-based compensation, amortization of acquired intangible assets, acquisition-related costs, gain on patent sale, gain on disposal of discontinued operations and management transition and gain on escrow settlement. We have excluded gain on patent sale and gain on disposal of discontinued operations and gain on escrow settlement because we consider these to have been isolated transactions and believe these are not reflective of our ongoing operations, and this reduces comparability of periodic operating results when these are included. Non-cash tax adjustments represent the differences between the amount of taxes we expect to pay and our GAAP tax provision each period. We have excluded stock-based compensation expense because it relies on valuations based on future events, such as the market price of our common stock, that are difficult to predict and are affected by market factors that are largely not within the control of management. Amortization of acquired intangible assets is excluded because it is a non-cash expense that we do not consider part of ongoing operations when assessing our financial performance, as it relates to accounting for certain purchased assets. We have excluded acquisition-related expenses and management transition expenses because these expenses are difficult to predict and are often one-time. We define non-GAAP net income per share as non-GAAP net income divided by the weighted-average diluted shares outstanding. We define non-GAAP net income percentage of revenue as non-GAAP net income divided by revenue. The GAAP and non-GAAP weighted average number of diluted shares to calculate GAAP and non-GAAP earnings per share are the same. We believe that such exclusions facilitate comparisons to our historical operating results and to the results of other companies in the same industry, and provides investors with information that we use in evaluating management's performance on a quarterly and annual basis.

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To: TechKim who wrote (1864)2/12/2015 11:39:44 AM
From: Savant
1 Recommendation   of 1926
 
8x8 Announces 'Industry First' VoIP SLA Guaranteeing Highest Availability and Call Quality Over the Public Internet

Feb 12, 2015 08:15:00 (ET)

SAN JOSE, Calif.--(BUSINESS WIRE)--February 12, 2015-- 
8x8, Inc. (NASDAQ:EGHT), a leading provider of cloud-based unified communications and contact center solutions, today announced it is offering an unprecedented Service Level Agreement (SLA) to qualified enterprise customers that guarantees the industry's highest levels of service availability and voice quality for calls transmitted over the public Internet.

While typical VoIP SLAs are limited to the service provider's network and not the underlying connection, 8x8's "Performance Assured" SLA is the first of its kind to guarantee end-to-end VoIP service uptime, reliability and call quality over any underlying broadband network the customer chooses, be it the public Internet, an MPLS (Multiprotocol Label Switching) network or a dual MPLS/public Internet connection.

"The ability to deliver and guarantee enterprise grade service availability and voice quality normally reserved for private connections reinforces 8x8's position as a market leader," said Diane Myers, principal analyst, Infonetics Research, part of IHS Inc. "This assurance that 8x8's hosted PBX and unified communications solution meets the quality and reliability requirements of customers, while at the same time delivering valuable benefits, will go a long way in supporting 8x8's push into the midmarket and enterprise segment."

8x8's "Performance Assured" SLA provides guarantees of more than 99.99% uptime in addition to a Mean Opinion Score (MOS) of greater than or equal to 3.0 for at least 98% of all calls carried over the network, including those using compressed codecs such as G.729a which typically exhibit less than toll quality MOS scores even under perfect network conditions.

"8x8 has invested significant engineering and operations resources to perfect the delivery of VoIP over the public Internet," said Mehdi Salour, Senior Vice President of Network Operations and Support at 8x8. "The technologies we have invented and the relentless effort we have made to measure availability and service quality for every call have given us the data we need to provide our customers with this new service level agreement."

The ability to offer these unprecedented service level guarantees over the public Internet is an outcome of many years of internal service and feature utilization analysis which 8x8 has been conducting to help identify problems with customer networks and provide proactive customer service. 8x8 customers who utilize 8x8's recently announced Virtual Office Analytics "Service Quality" solution now have the ability to view individual call and consolidated MOS score detail themselves in real time to enable administrators to manage and isolate any network issues that may be impacting call quality.

About 8x8, Inc.

8x8, Inc. (NASDAQ:EGHT) is the trusted provider of secure and reliable cloud-based unified communications and virtual contact center solutions to more than 40,000 businesses operating in over 40 countries across six continents. 8x8's out-of-the-box cloud solutions replace traditional on-premises PBX hardware and software-based systems with a flexible and scalable Software as a Service (SaaS) alternative, encompassing cloud business phone service, contact center solutions, and conferencing. For additional information, visit www.8x8.com, or www.8x8.com/UK or connect with 8x8 on Google+, Facebook, LinkedIn and Twitter.

      CONTACT: 8x8, Inc. 
Tim Polakowski, 408-883-8434

tim.polakowski@8x8.com

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From: Savant3/19/2015 9:55:42 AM
   of 1926
 
8x8 Announces Updated Apps Now Available on Salesforce AppExchange

Mar 19, 2015 08:15:00 (ET)

New Integrations for Sales Cloud and Service Cloud Help Customers Quickly Create Cloud-Based PBX and Contact Center Environments

SAN JOSE, Calif.--(BUSINESS WIRE)--March 19, 2015-- 
8x8, Inc. (NASDAQ:EGHT), a leading provider of cloud-based unified communications and contact center solutions, today announced it has two new product integrations based on the Salesforce1 Platform.

Since its original listing on the AppExchange in 2008, 8x8 has enabled thousands of Salesforce Sales and Service Cloud customers to improve operational efficiencies, build more effective sales organizations and optimize customer engagements with its integrated Virtual Office and Virtual Contact Center solutions.

An ISVforce partner, 8x8's latest Virtual Office and Virtual Contact Center AppExchange integrations are built on the Salesforce1 Platform utilizing Salesforce's OpenCTI toolkit. These integrations fit seamlessly into users' Salesforce environments with screen pops of Salesforce contacts, click-to-dial from within the Salesforce application and new functionality that automatically logs call activity into the Salesforce application, enabling customers to gather call metrics directly from the Salesforce reporting engine.

"With the entire learning platform for our nonprofit college built on the Salesforce1 Platform, we needed a communications partner that offers a seamless integration within our Salesforce.com application," said Alan Laurentano, Chief Operations Officer at College for America. "8x8's ability to provide this with both its Virtual Office and Virtual Contact Center solutions has enabled us to very quickly ensure we maximize the number of student inquiries resolved and offer better support to our students."

"Salesforce remains at the top of the list of the most requested business applications our enterprise customers are looking to integrate their unified communications and contact center capabilities with, and we are pleased to now have the opportunity to work together with Salesforce as an ISVforce partner," said 8x8 CEO Vik Verma. "8x8's industry-leading cloud telephony, conferencing, contact center and analytics solutions give businesses the tools and insights they need to maximize productivity and growth and our seamless, out-of-the box integration with Salesforce is a key component of our value proposition."

"Companies are looking to transform the way they connect with customers, partners and employees to thrive in today's connected world," said Ron Huddleston, senior vice president, ISV & channel, Salesforce. "By leveraging the power of the Salesforce1 Platform, 8x8 provides customers with the proven social, mobile and connected cloud technologies to accelerate business success."

With 8x8's integrated cloud communications offerings, Salesforce customers can:

   -- Automatically sync inbound customer calls with customer information to        instantly display caller's details and previous contact history via        screen pops.       -- Auto log information from customer interactions, including notes, to the        customer record.       -- Log received and missed calls into Salesforce.       -- Work seamlessly with other 8x8 phone service features inside the        Salesforce Console.       -- Control calls from the desktop, including transfer, mute, conferencing        and more.       -- Use analytics to track sales performance against sales behavior.       -- Record calls for employee evaluation and training.       -- Easily conduct audio and video meetings.       -- Pull in expert resources and use screen sharing to close the sale. 
For additional information on 8x8 Virtual Office integration with Salesforce.com, visit appexchange.salesforce.com. For information on 8x8 Virtual Contact Center integration with Salesforce.com, visit appexchange.salesforce.com.

Salesforce, Salesforce1, AppExchange and others are among the trademarks of salesforce.com, inc.

About 8x8, Inc.

8x8, Inc. (NASDAQ:EGHT) is the trusted provider of secure and reliable cloud-based unified communications and virtual contact center solutions to more than 40,000 businesses operating in over 40 countries across six continents. 8x8's out-of-the-box cloud solutions replace traditional on-premises PBX hardware and software-based systems with a flexible and scalable Software as a Service (SaaS) alternative, encompassing cloud business phone service, contact center solutions, and conferencing. For additional information, visit www.8x8.com, or www.8x8.com/UK or connect with 8x8 on Google+, Facebook, LinkedIn and Twitter.

      CONTACT: 8x8, Inc. 
Tim Polakowski, 408-883-8434

tim.polakowski@8x8.com

      SOURCE: 8x8  

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