8x8
- Customers58 KFY, 2021
- Revenue$532.3 MFY, 2021
- Market Capitalization$907.4 M2022-05-26
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 systems. The company serves legal, education, government, healthcare, insurance, retail, transportation, recruitment, outsourcing, high tech, and other industries.
| Type | Public | |
| Founded | 1987 | |
| HQ | Campbell, CA, US | Map |
| Website | 8x8.com | |
| Employee Ratings | ||
| Overall Culture | A+ | More |
Recent NewsAll News
- Cloud-based Contact Center Market share to increase by USD 27.02 billion |Evolving Opportunities with 3CLogic Inc. & 8x8 Inc | Technavio
- Contact Center as a Service (CCaaS) Market to Register CAGR of 16.4% from 2021-2028; 8x8, Inc. Declares Distribution Contract with Westcon Group, Inc. to Bolster Opportunities: Fortune Business Insights
- 8x8, Inc. Reports Third Quarter Fiscal 2022 Financial Results
- 8x8 Appoints Lisa Del Real As Global Channel Chief
Key People/Management at 8x8
Dave Sipes
Chief Executive Officer, Director
Dejan Deklich
Chief Technology and Product Officer
Samuel Wilson
Chief Financial Officer
Ken Berryman
Chief Sales Officer
Germaine Cota
Chief Accounting Officer
Amrit Chaudhuri
Chief Marketing Officer
8x8 Office Locations
8x8 has offices in Campbell, Minneapolis, Sydney, Hong Kong and in 9 other locations
Campbell, CA, US (HQ)
675 Creekside Way
Minneapolis, MN, US
733 S Marquette Ave
Sydney, AU
Level 11/66 Clarence St
Hong Kong, HK
Unit 603, 6/F, Office Tower 1 Admiralty Centre 18
Harcourt Road Admiralty
Jakarta, ID
WTC 3, 3rd Floor JL Jendral Sudirman Kav 29-31
Tokyo, JP
7 Chome Roppongi Minato-ku
8x8 Financials and Metrics
8x8 Revenue
8x8's revenue was reported to be $532.34 m in FY, 2021 which is a 19.3% increase from the previous period.
| USD | |
|---|---|
Revenue (Q3, 2022) | 156.9m |
Gross profit (Q3, 2022) | 97.0m |
Gross profit margin (Q3, 2022), % | 61.9% |
Net income (Q3, 2022) | (43.6m) |
EBIT (Q3, 2022) | (37.6m) |
Market capitalization (26-May-2022) | 907.4m |
Closing stock price (26-May-2022) | 7.0 |
Cash (31-Dec-2021) | 200.4m |
EV | 1.2b |
8x8's current market capitalization is $907.4 m.
Annual
Annual
Quarterly
| USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2022 | Q3, 2022 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 269.0m | 162.2m | 184.8m | 116.7m | 121.8m | 106.9m | 109.3m | 103.0m | 200.4m |
Accounts Receivable | 23.4m | 30.7m | 37.4m | 40.6m | 43.0m | 50.4m | 49.8m | 51.2m | 48.4m |
Current Assets | 357.1m | 267.1m | 302.4m | 267.8m | 268.5m | 274.3m | 266.2m | 272.9m | 368.4m |
PP&E | 57.7m | 64.8m | 89.8m | 96.1m | 96.2m | 94.5m | 90.8m | 86.9m | 81.6m |
Annual
Quarterly
| USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2022 | Q3, 2022 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | (34.3m) | (75.2m) | (122.3m) | (41.9m) | (80.3m) | (120.6m) | (43.9m) | (86.2m) | (129.8m) |
Depreciation and Amortization | 7.7m | 8.4m | 13.0m | 5.1m | 9.7m | 14.1m | 4.2m | 8.3m | 12.1m |
Accounts Payable | (588.0k) | (400.0k) | 7.9m | (519.0k) | 1.4m | (338.0k) | (5.1m) | (9.9m) | (13.2m) |
Cash From Operating Activities | (20.5m) | (44.5m) | (62.8m) | (9.2m) | (13.1m) | (14.9m) | 4.0m | 9.1m | 18.2m |
| USD | FY, 2019 |
|---|---|
Revenue/Employee | 235.5k |
Debt/Equity | 0.9 x |
Debt/Assets | 0.4 x |
Financial Leverage | 2.2 x |
8x8 Operating Metrics
8x8's Customers was reported to be 58 k in FY, 2021.
8x8 Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Fuze | January 18, 2022 | $250 m |
| callstats.io | January 21, 2020 | |
| 8x8 Asia | July 17, 2019 | $125 m |
| Jitsi | October 29, 2018 | |
| MarianaIQ | April 12, 2018 | |
| Sameroom | March 08, 2017 | |
| Quality Software Corporation | June 05, 2015 | $4.3 m |
| DXI Ltd. | May 27, 2015 | €16.5 m |
| Voicenet Solutions | November 11, 2013 | $18.4 m |
| Contactual | September 15, 2011 |
8x8 Revenue Breakdown
8x8 revenue breakdown by business segment: 6.8% from Other revenue and 93.2% from Services
8x8 revenue breakdown by geographic segment: 26.6% from International and 73.4% from United States
8x8 Cybersecurity Score
8x8 Environment, Social & Governance (ESG) Ratings
8x8 Online and Social Media Presence
11.28k Twitter followers
8x8 has 11.28k Twitter Followers. The number of followers has increased 0.5% month over month and increased 1.3% quarter over quarter
8x8's Trends
Twitter Engagement Stats for @8x8
15k
Tweets
6.1k
Following
11.3k
Followers
70
Tweets last 30 days
0.6
Avg. likes per Tweet
61.4%
Tweets with engagement
8x8 Company Culture
Overall Culture
A+
84/100
CEO Rating
A+
90/100
Compensation
A
81/100
Diversity
A
84/100
8x8 News and Updates
May 26, 2022
Cloud-based Contact Center Market share to increase by USD 27.02 billion |Evolving Opportunities with 3CLogic Inc. & 8x8 Inc | Technavio
The cloud-based contact center market offers a comprehensive analysis by Component (Solutions and Services) and Geography (North America, Europe, APAC, South America, and the Middle East and Africa) NEW YORK, May 26, 2022 /PRNewswire/ -- The cloud-based contact center market's growth...
March 02, 2022
Contact Center as a Service (CCaaS) Market to Register CAGR of 16.4% from 2021-2028; 8x8, Inc. Declares Distribution Contract with Westcon Group, Inc. to Bolster Opportunities: Fortune Business Insights
Companies Mentioned in the CCaaS Market Report: Anywhere365 Enterprise Dialogue Management (Rotterdam, Netherlands), Computer Talk Technology Inc. (Toronto, Canada), 8x8, Inc. (California, U.S.), Content Guru Limited (Bracknell, U.K.), Enghouse Interactive (Phoenix, U.S.), Genesys Telecommunication …
February 02, 2022
8x8, Inc. Reports Third Quarter Fiscal 2022 Financial Results
8x8, Inc. (NYSE: EGHT), a leading integrated cloud communications platform provider, today reported financial results for the third quarter of fiscal 2022 ended December 31, 2021.
January 25, 2022
8x8 Appoints Lisa Del Real As Global Channel Chief
8x8, Inc. (NYSE: EGHT), a leading integrated cloud communications platform, today announced the appointment of Lisa Del Real to Global Channel Chief, reporting to Chief Sales Officer Ken Berryman. Del Real is a channel executive with a strong track record building successful global channel programs…
January 18, 2022
8x8 Closes Acquisition Of Fuze
8x8, Inc. (NYSE: EGHT), a leading integrated cloud communications platform provider, today announced the completion of the acquisition of Fuze, Inc., a leader in cloud-based communications for the enterprise, for approximately $250 million in stock and cash. The acquisition further accelerates 8x8 …
January 13, 2022
The Anaheim Ducks And Honda Center Soar Into New NHL Season With Cloud Communications From 8x8
8x8, Inc. (NYSE: EGHT), a leading integrated cloud communications platform provider, today announced ocV!BE Sports & Entertainment entities, including the National Hockey League’s Anaheim Ducks and Honda Center, a premier entertainment venue and sports venue in Southern California, deployed 8x8…
8x8 Blogs
August 08, 2019
Collaboration is Changing Company Cultures
August 08, 2019
How to Be Productive from Anywhere
August 05, 2019
8 Ways to Properly Research a Company Before Your Interview
August 05, 2019
The Health Care Communications Transformation
July 31, 2019
How Cloud Communications Can Boost Your CRM
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, Dejan Deklich and Samuel Wilson.
How many employees does 8x8 have?
8x8 has 1,696 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 $313.9 k.
Who are 8x8 competitors?
Competitors of 8x8 include Radisys, Conference Technologies and NICE.
Where is 8x8 headquarters?
8x8 headquarters is located at 675 Creekside Way, Campbell.
Where are 8x8 offices?
8x8 has offices in Campbell, Minneapolis, Sydney, Hong Kong and in 9 other locations.
How many offices does 8x8 have?
8x8 has 13 offices.
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