8x8 Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
January 23, 2014 at 02:35 am IST
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8x8 Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company has posted total revenue of $32,745,000 against $26,405,000 a year ago. Loss from operations was $1,803,000 against profit from operations of $2,515,000 a year ago. Income from continuing operations was $89,000 or $0.00 diluted per share against $1,774,000 or $0.03 diluted per share a year ago. Net income was $89,000 or $0.00 diluted per share against $1,920,000 or $0.03 diluted per share a year ago. Non-GAAP net income was $2,533,000 or $0.03 diluted per share against $3,822,000 or $0.05 diluted per share a year ago. Non-GAAP net income for the quarter was $2.5 million, compared with $3.8 million in the same period a year ago. Non-GAAP net income per diluted share was $0.03 for the quarter and non-GAAP net income as a percentage of revenue was 8% of revenue in the quarter. Capital expenditures for the quarter was $636,000, or 1.9% of revenue.
For the nine months, the company has posted total revenue of $92,811,000 against $75,970,000 a year ago. Profit from operations was $3,448,000 against profit from operations of $19,338,000 a year ago. Income from continuing operations was $3,569,000 or $0.05 diluted per share against $11,934,000 or $0.16 diluted per share a year ago. Net income was $4,459,000 or $0.06 diluted per share against $12,278,000 or $0.16 diluted per share a year ago. Net cash provided by operating activities was $11,573,000 against $25,991,000 a year ago. Purchases of property and equipment were $2,081,000 against $5,245,000 a year ago. Non-GAAP net income was $10,863,000 or $0.14 diluted per share against $10,875,000 or $0.15 diluted per share 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 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.