8x8, Inc. has just announced their financial operating results for the fourth quarter and full fiscal year of 2011. They made a record $18.2 million in total revenue during the fourth quarter, a full 14.6% higher than the $15.9 million they generated in that time period the previous year.
The financial operating results indicated that the company had added 3,009 new business customers during the fourth fiscal quarter, a moderate increase from the 2,798 new customers they gained the previous quarter. The results also stated that business customer churn during the fourth quarter was 2.3%, and that they had 24,385 business customers by the end of the period.
Operating income for 8x8, Inc. increased to $2 million in the fourth fiscal quarter of 2011. This was 128.7% higher than the same period the previous year, in which the company only had access to $889,000. The net income of the fourth quarter was also $2 million, or $0.03 per diluted share.
The Full Year Fiscal 2011 report indicated that total revenue for the company was a record $70.2 million, up 10.7% from the previous fiscal year. The gross margin as a percentage of sales was $67.8%, while the service gross margin was 77.7%. Research and development expense was only $4.8 million, while selling, general, and administrative expense managed to reach $36.5 million.
Choosing the perfect phone system for your business is no small task …. Depending on the size of your company, the industry in which you work, and the specific needs your phone system will be required to meet, any number of solutions could get the job done. more
Reducing expenses is one of the main reasons that businesses switch from traditional office phone systems to VoIP technology. But many people rush this decision and end up spending more than they need to. The costs of implementing a new VoIP system can increase quickly, especially if you don’t strategically plan for it ahead of time. more
Q: When I call a customer, they see my VoIP phone number in their caller I.D....
Q: I'm a small business owner, and I need low-cost internet telephon...
5 Standard Features every business phone should have
This article provides a detailed checklist of business phone system features for...