Financial PerformanceEGHT generated $14.7 million of free cash flow in FQ1. It ended FQ1 with $131.2 million of cash and $427 million of debt, though the new $200 million term loan should lower its interest costs by 350 bps, a clear positive.
Product InnovationInnovation continues to be a focal point, with new products likely being a key to potentially returning to revenue growth.
Strategic Initiatives8x8 remains confident in their strategic initiatives, particularly in contact center solutions and CPaaS offerings, which they believe will drive future growth.