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As of 1:17 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

8x8 inc (EGT) Snapshot

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8x8 inc (EGT) Details

8x8, Inc. provides unified communications and collaboration (UCC) services in the cloud for small and medium businesses, and mid-market and distributed enterprises. The company offers a suite of UCC services to in-office and mobile devices spanning cloud telephony, virtual contact center, and virtual meeting through a proprietary unified software-as-a-service platform. Its software abstracts complex networking, redundancy, security, and interconnection requirements to provide a solution for business customers. The company’s software also integrates with enterprise resource planning, customer relationship management, human capital management, and other third-party application suites to provide organizations an integrated business communications and collaboration experience that is critical to operate their business. Its Infrastructure Manager software abstracts complex interconnectivity between Voice over IP, and public switched telephone network, enabling a turnkey UCC solution. The company’s Integration Manager software integrates with third-party applications, allowing customers to access data while communicating with their clients or collaborating with colleagues. In addition, 8x8, Inc. sells pre-configured office phones. The company markets its services to end users through direct sales force, Website, and channel partners primarily in the United States. It serves approximately 38,000 business customers with 500,000 subscriptions. 8x8, Inc. was founded in 1987 and is headquartered in San Jose, California.

484 Employees
Last Reported Date: 05/27/14
Founded in 1987

8x8 inc (EGT) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $224.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $267.5K
Senior Vice President of Product & Strategy
Total Annual Compensation: $145.8K
Executive Chairman and Chief Technology Offic...
Total Annual Compensation: $275.0K
Vice President of Customer Advocacy & Referra...
Total Annual Compensation: $242.5K
Compensation as of Fiscal Year 2014.

8x8 inc (EGT) Key Developments

8x8 Inc. Announces Executive Changes

Effective July 17, 2014, the role and responsibilities of Mr. Huw Rees have been modified, and his job title has been changed from Senior Vice President of Business Development to Vice President of Customer Advocacy & Referral Programs, which is not an executive officer position at 8x8 Inc.

8X8 Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2014

8x8 Inc. reported unaudited consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, the company reported income from operations of $503,000, income from continuing operations of $8,000, net income of $8,000 on total revenue of $37,913,000 against income from operations of $2,938,000, income from continuing operations of $1,992,000, net income of $2,139,000 on total revenue of $29,251,000 for the same period a year ago. Net cash provided by operating activities was $4,650,000 against $5,233,000 for the same period a year ago. Purchases of property and equipment was $1,026,000 against $466,000 for the same period a year ago. Non-GAAP net income was $3,032,000 or $0.03 diluted per share against $4,259,000 or $0.06 diluted per share for the same period a year ago.

8x8, Inc. Names Ragh Sarathy as Vice President of Finance

8x8 Inc. announced that Raghavan (Ragh) Sarathy has been appointed to the newly created role of Vice President of Finance, effective July 14, 2014. Mr. Sarathy most recently served as Vice President/Senior Equity Analyst of enterprise software at Dougherty & Co. LLC. In this new 8x8 executive role reporting to CFO Dan Weirich, Mr. Sarathy will contribute his deep financial knowledge of SaaS business models and hands-on operational expertise in software based organizations to the company's strategic growth initiatives in the Unified Communications as a Service (UCaaS) industry.


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