8x8 Inc. announced unaudited consolidated earnings results for third quarter and nine months ended Dec. 31, 2014. For the quarter, the company reported total revenue of $41,372,000, income from continuing operations before provision for income taxes of $1,071,000, income from continuing operations of $444,000, net income of $444,000 or $0.01 per diluted share compared to the total revenue of $32,745,000, income from continuing operations before provision for income taxes of $1,217,000, income from continuing operations of $89,000, net income of $89,000 for the same quarter a year ago. Non-GAAP net income was $4,074,000 or $0.04 per diluted share compared to $2,533,000 or $0.03 per diluted share a year ago. Capital expenditures were $2 million in the quarter or 4.8% of revenue. Increase in capital expenditures is primarily due to an upgrade to core networking equipment to the next-generation 10-gig infrastructure to support future growth.

For the year to date, the company reported total revenue of $118,883,000, income from continuing operations before provision for income taxes of $4,453,000, income from continuing operations of $1,743,000, net income of $1,743,000 or $0.02 per diluted share compared to the total revenue of $92,811,000, income from continuing operations before provision for income taxes of $4,050,000, income from continuing operations of $3,569,000, net income of $4,459,000 or $0.05 per diluted share for the same period a year ago. Net cash provided by operating activities was of $13,775,000 compared to $11,573,000 a year ago. Purchases of property and equipment were of $4,523,000 compared to $2,081,000 a year ago. Non-GAAP net income was $11,363,000 or $0.12 per diluted share compared to $10,863,000 or $0.14 per diluted share a year ago.

The company maintaining guidance for annual revenue growth of approximately 26% in fiscal 2015, and the company continue to expect non-GAAP net income as a percentage of revenue in the 8-10% range for fiscal 2015.