8×8, Inc. (NASDAQ:EGHT) has reported record financial results for the second quarter of fiscal 2017 ended September 30, 2016.
Total revenue grew 24% year-over-year to USD63.2 million; service revenue grew 23% year-over-year to USD57.7 million.
Service revenue from mid-market and enterprise customers grew 36% year-over-year organically and represents over 53% of the company´s total service revenue.
New monthly recurring revenue (MRR) sold to mid-market and enterprise customers and by channel sales teams increased 30% year-over-year and accounted for 65% of total MRR booked in the quarter.
8×8 is a provider of secure and reliable enterprise cloud communications solutions to more than 45,000 businesses operating in over 100 countries across six continents.