OverviewSuggest Edit

8x8 is a company providing voice, video meetings, chat, and contact center Software-as-a-Service (SaaS) communications solutions. It offers a technology platform that delivers cloud business phone systems, cloud contact center, and video conferencing capabilities and integrates with enterprise resource planning (ERP), customer relationship management (CRM), human capital management (HCM) applications, and other back-office IT (information technology) systems. The company serves legal, education, government, healthcare, insurance, retail, transportation, recruitment, outsourcing, high tech, and other industries.
TypePublic
Founded1987
HQCampbell, CA, US
Website8x8.com
Employee Ratings4.3
Overall CultureA+

Latest Updates

Employees (est.) (Mar 2020)1,675(+12%)
Job Openings135
Revenue (FY, 2021)$532.3 M(+20%)
Share Price (Jun 2021)$26.9(+5%)
Cybersecurity ratingBMore

Key People/Management at 8x8

Dave Sipes

Dave Sipes

Chief Executive Officer
Marge Breya

Marge Breya

Executive Vice President and Chief Marketing Officer
Michelle Bonfantine

Michelle Bonfantine

Director, Channel Sales
Samuel Wilson

Samuel Wilson

Chief Financial Officer
Dejan Deklich

Dejan Deklich

Chief Product Officer
Matthew Zinn

Matthew Zinn

Senior Vice President, General Counsel, Corporate Secretary & Chief Privacy Officer
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8x8 Office Locations

8x8 has offices in Campbell, Minneapolis, New York, San Jose and in 5 other locations
Campbell, CA, US (HQ)
675 Creekside Way
Minneapolis, MN, US
733 S Marquette Ave
New York, NY, US
1350 Broadway
San Jose, CA, US
8x8 Incorporated, 2125 O'Nel Dr
Sydney, AU
Level 13/2 Park St
Cluj-Napoca, RO
The Office Cluj-Napoca 77 Bulevardul 21 Decembrie 1989
Show all (9)

8x8 Financials and Metrics

8x8 Revenue

8x8's revenue was reported to be $532.34 m in FY, 2021
USD

Revenue (FY, 2021)

532.3m

Net income (FY, 2021)

(165.6m)

EBIT (FY, 2021)

(146.1m)

Market capitalization (11-Jun-2021)

2.9b

Closing stock price (11-Jun-2021)

26.9

Cash (31-Mar-2021)

112.5m

EV

3.2b
8x8's current market capitalization is $2.9 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Revenue

253.4m296.5m352.6m446.2m532.3m

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, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

69.1m72.5m75.6m83.2m85.7m89.9m96.7m109.5m118.6m121.8m120.9m127.1m

Cost of goods sold

16.5m17.9m17.0m21.4m21.3m22.4m37.7m49.7m56.2m44.8m47.0m

Gross profit

52.6m54.6m58.6m61.9m64.4m67.6m59.0m59.8m62.3m76.1m80.1m

Gross profit Margin, %

76%75%78%74%75%75%61%55%53%63%63%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Cash

41.0m31.7m276.6m137.4m112.5m

Accounts Receivable

14.3m16.3m20.2m37.8m51.2m

Inventories

908.0k

Current Assets

197.4m178.6m397.4m277.2m276.5m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Net Income

(4.8m)(104.5m)(88.7m)(172.4m)(165.6m)

Depreciation and Amortization

10.4m15.7m24.7m37.2m18.2m

Inventories

(430.0k)

Accounts Payable

4.2m11.9m17.3m2.2m(10.0m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

(2.2m)(2.7m)(91.2m)(15.4m)(36.8m)(60.6m)(34.3m)(75.2m)(122.3m)(41.9m)(80.3m)(120.6m)

Depreciation and Amortization

3.7m7.4m11.3m5.2m10.8m17.5m7.7m8.4m13.0m5.1m9.7m14.1m

Accounts Payable

2.9m3.4m8.9m3.9m8.1m13.2m(588.0k)(400.0k)7.9m(519.0k)1.4m(338.0k)

Cash From Operating Activities

6.2m11.2m19.4m789.0k(4.5m)(6.7m)(20.5m)(44.5m)(62.8m)(9.2m)(13.1m)(14.9m)
USDFY, 2017

Revenue/Employee

277.1k

Financial Leverage

1.2 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

49.2 k53.8 k52 k

Countries

100150150
Show all operating metrics

8x8 Acquisitions / Subsidiaries

Company NameDateDeal Size
8x8 AsiaJuly 17, 2019$125 m
JitsiOctober 29, 2018
SameroomMarch 08, 2017
DXI Ltd.May 27, 2015€16.5 m
MarianaIQMay 15, 2015
Voicenet SolutionsNovember 11, 2013$18.4 m
ContactualSeptember 15, 2011
ZerigoJune 20, 2011
Central HostMay 06, 2010
Odisei S.A.January 01, 1999
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8x8 Revenue Breakdown

Embed Graph

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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

8x8 Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

8x8 Online and Social Media Presence

Embed Graph

8x8 Company Culture

  • Overall Culture

    A+

    81/100

  • CEO Rating

    A+

    82/100

  • Compensation

    A

    81/100

  • Diversity

    A-

    80/100

Learn more on Comparably

8x8 News and Updates

General Dynamics European Land Systems awarded €733 million (USD $870 million) of a €1.74 billion contract for 348 Spanish 8x8 combat vehicles

MADRID, Aug. 25, 2020 /PRNewswire/ -- The Spanish Ministry of Defense today awarded a €1.74 billion (USD $2.06 billion) contract to a joint venture of General Dynamics European Land Systems-Santa Bárbara Sistemas (GDELS-SBS) and three other companies to deliver 348 8x8 Wheeled Combat...

8x8 Selects GoCardless to Manage Recurring Payments Across Its Growing Global Business

LONDON, May 20, 2020 /PRNewswire/ -- GoCardless, the leading fintech for recurring payments announces that 8x8, a leading integrated cloud communications platform provider, is using GoCardless to provide direct debit as a payment method to its customers worldwide. The company joins a...

Unified Communication-as-a-service in the Manufacturing Market Report 2019-2024 Featuring Cisco, 8x8, Avaya, and Tata Communications

DUBLIN, Nov. 14, 2019 /PRNewswire/ -- The "Unified Communication-as-a-service in the Manufacturing Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering. The unified communications-as-a-service in the manufacturing market is...

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

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…

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.…
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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 Dave Sipes, Marge Breya and Michelle Bonfantine.

  • How many employees does 8x8 have?

    8x8 has 1,675 employees.

  • What is 8x8 revenue?

    Latest 8x8 annual revenue is $532.3 m.

  • What is 8x8 revenue per employee?

    Latest 8x8 revenue per employee is $317.8 k.

  • Who are 8x8 competitors?

    Competitors of 8x8 include NICE, Ooma and j2 Global.

  • Where is 8x8 headquarters?

    8x8 headquarters is located at 675 Creekside Way, Campbell.

  • Where are 8x8 offices?

    8x8 has offices in Campbell, Minneapolis, New York, San Jose and in 5 other locations.

  • How many offices does 8x8 have?

    8x8 has 9 offices.