8×8 reports Q1 2019 financial results

8×8, Inc. (NYSE:EGHT), a provider of cloud phone, meeting, collaboration, and contact center solutions, has reported financial results for the first quarter of fiscal 2019 ended June 30, 2018, the company said.

Service revenue increased 20% year-over-year to USD 78.1 million. Adjusting for constant currency and excluding DXI revenue, service revenue increased 21% year-over-year, compared to a 20% year-over-year increase in the previous quarter.

Total revenue increased 20% year-over-year to USD 83.2 million. Adjusting for constant currency and excluding DXI revenue, total revenue increased 21% year-over-year, compared to a 19% year-over-year increase in the previous quarter.
GAAP net loss was USD 15 million or (USD 0.16) per diluted share.

Non-GAAP net loss was USD 3.5 million or (USD 0.04) per diluted share.

8×8 is a provider of cloud phone, meeting, collaboration and contact center solutions with over a million business users worldwide. 8×8 helps enterprises engage at the speed of employee and customer expectations by putting the collective intelligence of the organization in the hands of every employee. For additional information, visit www.8×8.com.