8X8 Inc. Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended Dec. 31, 2014; Reaffirms Earnings Guidance for Fiscal 2015
January 23, 2015 at 02:35 am IST
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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.
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 an integrated contact center, voice communications, video, chat, and SMS solution built on one global cloud communications platform. Its integrated technology platform includes 8x8 Work, 8x8 Contact Center, 8x8 Engage and 8x8 X Series. Its 8x8 Work is an end-to-end unified communications as a service solution that delivers enterprise-grade voice services, secure video meetings, and unified messaging including direct messages, public and private team messaging rooms, and peer-to-peer short and multimedia messaging, or SMS/MMS. 8x8 Contact Center is a cloud-based contact center as-a-service solution that includes omnichannel customer engagement, advanced analytics, and other features.
8X8 Inc. Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended Dec. 31, 2014; Reaffirms Earnings Guidance for Fiscal 2015