8X8 Inc Stock Price, News & Analysis

8x8, Inc. (NYSE: EGHT) launched the 8x8 Connect Automation Builder, a no-code tool for creating multi-channel communications workflows. This innovative platform targets various organizational roles, enabling users to enhance customer experiences without needing extensive coding skills. Key features include automated workflows, customizable options, drag-and-drop modules, and support for channels like SMS and voice. According to industry analysts, this solution lowers barriers to integrating programmable communications, directly benefiting companies looking to optimize their operations and customer engagement.

8x8, Inc. (NYSE: EGHT) announced the deployment of its XCaaS solution by the London Borough of Hounslow, enhancing communications for over 270,000 residents. The council moved from outdated systems to a unified cloud platform, improving cost-efficiency and customer satisfaction. With utilization of 8x8 Voice for Microsoft Teams, Hounslow aims to streamline services across its healthcare, housing, and employment sectors. This deployment highlights 8x8's growing presence in the U.K. public sector, now active in over one-third of London's boroughs.

8x8, Inc. (NYSE: EGHT) has surpassed 200,000 global business users with its Direct Routing as a Service. The launch of the 8x8 Elevate Microsoft Partner Program aims to assist Microsoft Gold Partners in enhancing their offerings and drive revenue growth through the 8x8 Voice for Microsoft Teams service. This innovative program also features exclusive incentives and executive forums for partners. As enterprises increasingly adopt these solutions amid the shift to remote work, 8x8 continues to expand its global reach, now offering services in 52 countries.

8x8, Inc. (NYSE: EGHT) announced that Swim England implemented its 8x8 XCaaS platform to enhance remote work capabilities and reduce operational costs. The transition from a legacy ISDN system to a cloud-based solution enabled Swim England to cut monthly platform costs by 35%. The new system allows employees to communicate effectively without needing personal mobile numbers, supporting flexibility and collaboration. Kalpesh Parmar, Head of IT at Swim England, noted the swift and seamless transition, crucial during the ongoing digital transformation.

8x8, Inc. (NYSE: EGHT) has expanded its distribution partnership with Ingram Micro Cloud, enhancing its sales strategy for the 8x8 XCaaS™ platform. This agreement enables Ingram Micro's vast network of resellers to market 8x8 XCaaS, an integrated communication solution, helping organizations transition from outdated systems to cloud services. The partnership aims to foster digital transformation, providing resellers with tools and resources to maximize revenue while addressing a growing demand for cloud solutions.

8x8, Inc. (NYSE: EGHT) has expanded its partnership with Sparkhound to enhance their 8x8 Contact Center services. This new deployment includes the 8x8 Agent Workspace, designed for improved productivity and customer experience. Sparkhound, based in Baton Rouge, Louisiana, transitioned to cloud-based systems to ensure business continuity during extreme weather. The 8x8 solutions enable efficient customer support operations, particularly in crisis situations, reflecting a strong commitment to service reliability and client satisfaction.

8x8, Inc. (NYSE: EGHT), a provider of integrated cloud communications, will participate in several investor conferences in May and June 2022. Key events include the Needham Technology & Media Conference on May 17 in New York City, the J.P. Morgan Global Technology, Media & Communications Conference on May 25 in Boston, the Baird Global Consumer, Technology & Services Conference on June 7 in New York City, and the BofA Securities Global Technology Conference on June 8 in San Francisco. Webcasts of these presentations will be available on the company’s investor relations website.

8x8, Inc. (EGHT) reported a 25% year-over-year revenue increase for Q4 2022, totaling $181 million, with a 20% increase for the fiscal year to $638 million. The company achieved a positive operating cash flow of $17 million for Q4 and $35 million for the full year. Enterprise ARR grew by 55% year-over-year, reaching $393 million. Despite an operating loss of $40.5 million for Q4, non-GAAP profitability improved, reflecting operational efficiency and strategic initiatives.

8x8, Inc. (NYSE: EGHT) will announce its fourth quarter and fiscal year financial results for the period ending March 31, 2022 on May 10, 2022, after market close. A conference call to discuss these results will follow at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). The call is expected to last about 60 minutes. For more information, visit 8x8.