8x8 delivers cloud-based business communications solutions. The Company's Communications Cloud replaces costly and complex legacy products with a simple, integrated solution that eliminates information silos to expose, vital, real-time intelligence. 8x8 combines unified communications, team collaboration interoperability, contact center, and analytics in a single, open and real-time platform to help companies improve productivity and overall customer experience.

Type
Public
HQ
San Jose, US
Founded
1987
Size (employees)
1,225 (est)+21%
Website
8x8.com
8x8 was founded in 1987 and is headquartered in San Jose, US
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Key People/Management at 8x8

Vik Verma

Vik Verma

CEO
Bryan R. Martin

Bryan R. Martin

Chairman of the Board and Chief Technology Officer
Mary Ellen Genovese

Mary Ellen Genovese

CFO
Rani Hublou

Rani Hublou

Chief Marketing Officer
Dejan Deklich

Dejan Deklich

Chief Product Officer
Darren Hakeman

Darren Hakeman

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

8x8 has offices in Cluj-Napoca, Manchester, London, Buckinghamshire and in 4 other locations
San Jose, US (HQ)
2125 O'Nel Dr
New York, US
1350 Broadway
San Jose, US
2665 N 1st St
Sydney, AU
13 135 King St
Cluj-Napoca, RO
The Office Cluj-Napoca 77 Bulevardul 21 Decembrie 1989
Aylesbury, GB
Oxford House, Bell Business Park,
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8x8 Financials and Metrics

8x8 Revenue

Embed Graph
8x8's revenue was reported to be $296.50 m in FY, 2018 which is a 17% increase from the previous period.
USD

Revenue (Q1, 2019)

83.2 m

Net income (Q1, 2019)

(15.4 m)

EBIT (Q1, 2019)

(16 m)

Market capitalization (16-Aug-2018)

2.1 b

Closing stock price (16-Aug-2018)

22.4

Cash (30-Jun-2018)

34.6 m
8x8's current market capitalization is $2.1 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

162.4 m209.3 m253.4 m296.5 m

Revenue growth, %

26%29%21%17%

Cost of goods sold

15.9 m20.2 m19.7 m20.5 m

Gross profit

146.6 m189.2 m233.7 m276 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

37.9 m39.6 m41.4 m47.9 m50.9 m53.2 m60 m63.2 m63.7 m69.1 m72.5 m217.2 m83.2 m

Cost of goods sold

4 m3.8 m4 m4.4 m4.6 m5.1 m5.5 m5.8 m4.2 m4.9 m5.1 m

Gross profit

33.9 m35.8 m37.4 m43.5 m46.3 m48.1 m54.5 m57.4 m59.4 m64.2 m67.4 m

Gross profit Margin, %

90%90%90%91%91%90%91%91%93%93%93%
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash

53.1 m33.6 m41 m31.7 m

Accounts Receivable

6.6 m11.1 m14.3 m16.3 m

Inventories

704 k520 k908 k

Current Assets

191.6 m185.9 m197.4 m178.6 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

55.1 m56 m52.6 m29.3 m28.8 m23.9 m27.5 m32.1 m33.5 m53.2 m34.6 m31.8 m34.6 m

Accounts Receivable

5.9 m7.3 m7.2 m8 m10.1 m9.9 m11.5 m11.7 m13.1 m14.5 m15.2 m17.9 m17.7 m

Inventories

753 k754 k532 k618 k879 k786 k463 k464 k572 k

Current Assets

192.7 m198.6 m200.3 m174.1 m168.7 m174.9 m184.9 m189.2 m192.5 m202.1 m194.2 m189.2 m186 m
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

1.9 m(5.1 m)(4.8 m)(104.5 m)

Depreciation and Amortization

5.8 m8.6 m9.8 m13.2 m

Inventories

52 k136 k(430 k)

Accounts Payable

605 k2.5 m4.2 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

8 k1.3 m1.7 m(472 k)(2.4 m)(4 m)(528 k)(501 k)(1.8 m)(2.2 m)(2.7 m)(91.2 m)(15.4 m)

Depreciation and Amortization

1.3 m2.7 m4.2 m1.5 m3.8 m6.2 m2.4 m4.8 m7.2 m3.4 m6.8 m6 m3.5 m

Inventories

47 k29 k235 k88 k(200 k)(122 k)53 k38 k(87 k)

Accounts Payable

988 k980 k(736 k)933 k132 k418 k1.1 m3.1 m1.7 m2.9 m3.4 m
USDY, 2018

Financial Leverage

1.3 x
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8x8 Operating Metrics

8x8's Customers was reported to be 41.6 k in FY, 2015.
Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018

Average Revenue per Customer

$293 $299 $305 $320 $353 $360 $369 $385 $399 $409 $414 $426 $432 $442 $454

Revenue Churn

0.4%90%1%0.5%1%0.8%1.2%0.4%0.5%0.6%1%0.7%0.6%0.4%4%

Customers

39.34 k40.43 k41.05 k41.62 k

Patents (US)

104 118 131
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8x8 Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Sameroom March 08, 2017
DXI Ltd. May 27, 2015€16.50 m
Voicenet Solutions November 11, 2013$18.40 m
Contactual September 15, 2011
Zerigo June 20, 2011
Central Host May 06, 2010
Odisei S.A. January 01, 1999
8x8 Australia Pty Ltd.
8x8 Canada, Inc.
8x8 Japan G.K.
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8x8 Online and Social Media Presence

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8x8 News and Updates

Gresham's Clareti Platform Awarded 'Differentiating' Status Across Multiple Categories in New Industry Survey

LONDON, August 8, 2018 /PRNewswire/ -- Gresham Technologies plc , the leading software and services company that specialises in providing real-time data integrity and control solutions, today featured in a key industry survey into reconciliations technology trends, published by Adox...

8x8 Selects Confirmit to Deliver Deeper Customer Insights

NEW YORK and LONDON and OSLO, Norway, July 24, 2018 /PRNewswire/ -- Confirmit has been chosen by 8x8, Inc., a leading provider of cloud phone, meeting, collaboration and contact center solutions, to power its online and telephone surveys within its Voice of the Customer program. 8x8...

UK to re-join Boxer program, 14 years after opting out

The U.K. Ministry of Defence has opted to rejoin the Boxer wheeled armored vehicle program with the intention to equip the British Army with the 8x8 starting 2023.
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8x8 Company Life and Culture

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