8x8

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8x8 provides cloud-based, enterprise-class business phone systems, unified communications, and contact center solutions. The Company's Communications Cloud offers one system of engagement for voice, video, collaboration, and contact center. 8x8 combines unified communications, team collaboration interoperability, contact center, and analytics in a single real-time platform to help companies improve productivity and overall customer experience.

TypePublic
Founded1987
HQSan Jose, USMap
Website8x8.com
Employee Ratings4.1More
View Jobs (103)

Recent NewsAll News

Latest Updates

Employees (est.) (Mar 2019)1,497(+23%)
Job Openings103
Revenue (FY, 2019)$352.6 M(+19%)
Share Price (Oct 2019)$19.6

Key People/Management at 8x8

Vik Verma

Vik Verma

CEO
Bryan R. Martin

Bryan R. Martin

Chairman of the Board and Chief Technology Officer
Steven Gatoff

Steven Gatoff

CFO
Dejan Deklich

Dejan Deklich

Chief Product Officer
Matthew Zinn

Matthew Zinn

Chief Privacy Officer, General Counsel, SVP, Corporate Secretary
Darren Hakeman

Darren Hakeman

Senior Vice President of Strategy, Analytics & Corporate Development
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8x8 Office Locations

8x8 has offices in San Jose, Minneapolis, New York, Sydney and in 4 other locations
San Jose, US (HQ)
8x8 Incorporated, 2125 O'Nel Dr
Minneapolis, US
733 S Marquette Ave
New York, US
1350 Broadway
San Jose, US
2665 N 1st St
Sydney, AU
Level 13/2 Park St
Cluj-Napoca, RO
The Office Cluj-Napoca 77 Bulevardul 21 Decembrie 1989
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8x8 Financials and Metrics

8x8 Revenue

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View revenue for all periods
8x8's revenue was reported to be $352.59 m in FY, 2019 which is a 18.9% increase from the previous period.
USD

Revenue (Q1, 2020)

96.7m

Gross profit (Q1, 2020)

59.0m

Gross profit margin (Q1, 2020), %

61%

Net income (Q1, 2020)

(34.3m)

EBIT (Q1, 2020)

(32.6m)

Market capitalization (11-Oct-2019)

1.9b

Closing stock price (11-Oct-2019)

19.6

Cash (30-Jun-2019)

269.0m

EV

1.7b
8x8's current market capitalization is $1.9 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

253.4m296.5m352.6m

Revenue growth, %

21%17%19%

Cost of goods sold

62.1m71.2m130.0m

Gross profit

191.3m225.3m222.6m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

69.1m72.5m75.6m83.2m85.7m89.9m96.7m

Cost of goods sold

16.5m17.9m17.0m21.4m21.3m22.4m37.7m

Gross profit

52.6m54.6m58.6m61.9m64.4m67.6m59.0m

Gross profit Margin, %

76%75%78%74%75%75%61%
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Annual
USDFY, 2017FY, 2018FY, 2019

Cash

41.0m31.7m276.6m

Accounts Receivable

14.3m16.3m20.2m

Inventories

908.0k

Current Assets

197.4m178.6m397.4m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

53.2m34.6m31.8m34.6m24.7m28.3m269.0m

Accounts Receivable

14.5m15.2m17.9m17.7m18.9m19.1m23.4m

Current Assets

202.1m194.2m189.2m186.0m175.3m161.5m357.1m

PP&E

27.0m29.6m32.6m38.1m42.4m47.7m57.7m
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Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(4.8m)(104.5m)(88.7m)

Depreciation and Amortization

10.4m15.7m24.7m

Inventories

(430.0k)

Accounts Payable

4.2m11.9m17.3m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

(2.2m)(2.7m)(91.2m)(15.4m)(36.8m)(60.6m)(34.3m)

Depreciation and Amortization

3.7m7.4m11.3m5.2m10.8m17.5m7.7m

Accounts Payable

2.9m3.4m8.9m3.9m8.1m13.2m(588.0k)

Cash From Operating Activities

6.2m11.2m19.4m789.0k(4.5m)(6.7m)(20.5m)
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USDY, 2019

EV/EBIT

-51.6 x

EV/CFO

-82 x

Financial Leverage

2.4 x
Show all financial metrics

8x8 Operating Metrics

8x8's Customers was reported to be 52 k in FY, 2019.
FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019

Average Revenue per Customer

$426 $432 $442 $454 $450 $480 $490 $506 $498

Revenue Churn

0.7%0.6%0.4%0.4%0.3%

Customers

49.20 k53.80 k52 k

Countries

100 150 150
Show all operating metrics

8x8 Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
WavecellJuly 17, 2019$125 m
SameroomMarch 08, 2017
DXI Ltd.May 27, 2015€16.50 m
Voicenet SolutionsNovember 11, 2013$18.40 m
ContactualSeptember 15, 2011
ZerigoJune 20, 2011
Central HostMay 06, 2010
Odisei S.A.January 01, 1999
8x8 Australia Pty Ltd.
8x8 Canada, Inc.
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8x8 Revenue Breakdown

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8x8 revenue breakdown by business segment: 5.1% from Products and 94.9% from Services

8x8 revenue breakdown by geographic segment: 10.3% from Europe (principally UK) and 89.7% from Americas (principally US)

8x8 Online and Social Media Presence

8x8's Trends

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8x8 News and Updates

December 24, 2018

Hosted PBX Market 2018 Global Analysis By Key Players – AT&T, BT Group, Cisco Systems, 8x8, Avaya, Megapath, Centurylink, Polycom

WiseGuyReports.Com Publish a New Market Research Report On –“ Hosted PBX Market 2018 Global Analysis By Key Players – AT&T, BT Group, Cisco Systems, 8x8, Avaya, Megapath, Centurylink, Polycom”. Posted via Industry Today. Follow us on Twitter @IndustryToday
December 14, 2018

Interactive Voice Response (IVR) 2018 Global Market Key Players – inContact, Nuance, Genesys Telecommunication Laboratories, 8x8, AT&T, Avaya – Analysis and Forecast to 2023

WiseGuyRerports.com Presents “Global Interactive Voice Response (IVR) Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday
December 12, 2018

Quantenna and Telefónica Reinforce Strategic Partnership with New Portfolio of 8x8 MIMO Wi-Fi 6 Products

SAN JOSE, Calif., Dec. 12, 2018 (GLOBE NEWSWIRE) -- Quantenna Communications, Inc. (NASDAQ: QTNA) is further strengthening its strategic partnership with Telefónica. Through a long history of cooperation, the two companies have developed multiple generations of best-in-class products including gat…
November 19, 2018

Future Growth of Cloud Communication Platform Market with Leading Key players- Xura Incorporation, Genband US LLC, 8x8 Inc.

The scrutinized report offers numerous approaches to view the cloud communication platform market from a different perspective. The approaches include descriptions, analytics in terms of value & volume, several events and chain assembly of the industry for various practices in the global market.…
November 15, 2018

Cloud Based Telephone System Market is touching new level – A comprehensive study with key players: Five9, Inc.,VirtualPBX.com, Inc.,RingCentral, Inc.,Nextiva ,Grasshopper, OnSIP, Inc.,ShoreTel, Inc.,Telephone Systems Guide, Validated Cloud Inc.,8x8, Inc.

The Global Cloud Based Telephone System market Report includes a comprehensive analysis of the present market. The report starts with the basic Global Cloud Based Telephone System market overview and then goes into each and every detail. Posted via Industry Today. Follow us on Twitter @IndustryToday
September 19, 2018

Global Business Phone Systems Market 2018 | Major Kay Players – Cisco, ESI, Nextiva, Toshiba, ShoreTel Sky, 8x8

WiseGuyRerports.com Presents “Global Business Phone Systems Market Size, Status and Forecast 2018-2025” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday
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8x8 Blogs

August 08, 2019

How to Be Productive from Anywhere

August 08, 2019

Collaboration is Changing Company Cultures

August 05, 2019

8 Ways to Properly Research a Company Before Your Interview

August 05, 2019

The Health Care Communications Transformation

August 02, 2019

2019 Gartner UCaaS Magic Quadrant: 8x8 is the Longest Standing Leader

July 31, 2019

How Cloud Communications Can Boost Your CRM

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 8x8 Frequently Asked Questions

  • When was 8x8 founded?

    8x8 was founded in 1987.

  • Who are 8x8 key executives?

    8x8's key executives are Vik Verma, Bryan R. Martin and Steven Gatoff.

  • How many employees does 8x8 have?

    8x8 has 1,497 employees.

  • What is 8x8 revenue?

    Latest 8x8 annual revenue is $352.6 m.

  • What is 8x8 revenue per employee?

    Latest 8x8 revenue per employee is $235.5 k.

  • Who are 8x8 competitors?

    Competitors of 8x8 include Gamma Communications, InterMedia and Broadview Networks.

  • Where is 8x8 headquarters?

    8x8 headquarters is located at 8x8 Incorporated, 2125 O'Nel Dr, San Jose.

  • Where are 8x8 offices?

    8x8 has offices in San Jose, Minneapolis, New York, Sydney and in 4 other locations.

  • How many offices does 8x8 have?

    8x8 has 9 offices.