8×8 reports Q1 EPS 13c, consensus 13c

Reports Q1 revenue $183.3M, consensus $187.09M. “Our first quarter results reflected our decision to prioritize profitability and cash flow while increasing investment in innovation,” said Samuel Wilson, Chief Executive Officer at 8×8, Inc. “We delivered record operating income and cash flow. We are proud that customers are embracing our vision and innovation roadmap. We expanded the number of contact center users on our 8×8 XCaaS platform, increased the number of 8×8 Voice for Microsoft Teams seats, and closed the largest total contract value transaction in our history. Many of our recent innovations, including digital 8×8 Intelligent Customer Assistant and enhancements to our 8×8 Supervisor Workspace, were based on feedback we received through our Customer Labs program,” added Wilson.