Shares of 8x8, Inc. (EGHT) surged more than 5% in the extended session Thursday after the company delivered better-than-expected quarterly financial results
For its third quarter fiscal 2016, EGHTposted revenue of $53.2 million, a 29% increase year over year, and non-GAAP net income of $4.3 million, or $0.05 per diluted share, compared to $4.1 million, or $0.04 per diluted share in the same quarter the prior year, topping the Capital IQ Consensus Estimate of $0.03 earnings per share on revenues of $52.05 million for the period
EGHTis the trusted provider of secure and reliable enterprise cloud communications solutions to more than 40,000 businesses operating in over 100 countries across six continents. The company's out-of-the-box cloud solutions replace traditional on-premise PBX hardware and software-based systems with a flexible and scalable Software as a Service (SaaS) alternative, encompassing cloud business phone service, contact center solutions, and conferencing.
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