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.
The holiday season is filled with frenzy and excitement for businesses and consumers alike. Consumers prepare gift lists, compare brands and prices, and begin shopping with a vigor that is not present most other times of the year. For many businesses, the holiday season accounts for a large profit bump at the end of each year, and companies strive to exceed their goals and keep customers happy during this rush late in the year. more
There are a lot of possible reasons you might want to switch to a new phone system. The old one might cost too much or be too troublesome to operate and maintain. It might not be flexible enough. It might not be reliable enough. Or it just might not have the kinds of features and capabilities that you need in today’s competitive business climate. more
Did you know that according to 8x8, the tangible ROI of a unified communications solution for a 10,000-person enterprise is approximately $15.5 million? This isn't the only way unified communications can improve your business. more
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