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8X8 Inc (EGHT)
NASDAQ:EGHT
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$0.09Last Year’s EPS
$0.12Same Quarter Last Year
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 17.24%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment overall, with significant achievements in profitability, product innovation, and customer retention. While there are some challenges related to the legacy Fuze platform and potential margin pressures, the company's strategic initiatives and financial discipline are showing strong results.Company Guidance
During the earnings call for Q2 2025, 8x8, Inc. provided guidance with a focus on their financial metrics and strategic goals. The company expects fiscal Q3 2025 service revenue to range between $171 million and $174 million, and total revenue between $177 million and $182 million, indicating a slight sequential decline from Q2's $175.1 million service revenue due to modestly lower anticipated revenue and slightly higher operating expenses. The company also predicts a Q3 operating margin of 10% to 11%. For fiscal year 2025, 8x8 anticipates service revenue between $690 million and $701 million, and total revenue between $714 million and $727 million, with a full-year operating margin of 10.25% to 11%. The company continues to focus on debt reduction, having reduced their total debt principal balance to $369 million, down significantly from previous years, and anticipates ongoing positive cash flow from operations. Additionally, they have continued investing 15% of their revenue in R&D to drive innovation, particularly in AI and Communications Platform as a Service (CPaaS), which has shown strong growth.GAAP Operating Profit Achieved
8x8 reported an operating profit on a GAAP basis, highlighting financial discipline and successful cost management.
Strong Performance in CPaaS
Platform usage revenue increased over 20% year-over-year, and sales of non-SMS products grew more than 50% year-over-year.
AI Product Growth
Sales of AI-based solutions grew more than 200% year-over-year, indicating strong market adoption and innovation.
Debt Reduction
8x8 reduced its total debt principal balance by over $173 million or 32% since fiscal Q2 '23.
Customer Success and Loyalty
Customer loyalty and revenue retention for customers on 8x8 platform are at multi-year highs, indicating strong customer satisfaction.
New Product Sales and Innovation
Sales of new products were up more than 60% year-over-year, with significant contributions from AI-driven solutions.
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EGHT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EGHT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $2.32 | $2.75 | +18.53% |
| Aug 07, 2024 | $2.58 | $1.91 | -25.97% |
| May 08, 2024 | $2.34 | $2.81 | +20.09% |
| Jan 31, 2024 | $3.36 | $2.97 | -11.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does 8X8 Inc (EGHT) report earnings?
8X8 Inc (EGHT) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is 8X8 Inc (EGHT) earnings time?
8X8 Inc (EGHT) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EGHT EPS forecast?
EGHT EPS forecast for the fiscal quarter 2025 (Q3) is $0.09.
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