Loading...
•
Dec 31, 2019
8x8 Q3 2020 Earnings Report
Reported strong financial results with record revenue growth and increased enterprise ARR.
Key Takeaways
8x8 reported a strong third quarter with total revenue increasing by 31.9% year-over-year to $118.6 million and service revenue increasing by 32.2% year-over-year to $113.6 million. The company's enterprise ARR grew by 85% year-over-year, and contact center bookings increased by 90% year-over-year.
Total revenue increased 31.9% year-over-year to $118.6 million.
Service revenue increased 32.2% year-over-year to $113.6 million.
Enterprise ARR grew 85% year-over-year.
Contact center bookings increased 90% year-over-year.
Revenue by Segment
Forward Guidance
The company provided financial outlook for the fourth quarter and full year fiscal 2020.
Positive Outlook
- Total Revenue guidance in the range of $118.9 million to $119.4 million, representing approximately 27% year-over-year growth.
- Service Revenue guidance in the range of $114.4 million to $114.9 million, representing approximately 28% to 29% year-over-year growth.
- The Company raises Total Revenue guidance from approximately $440.0 million to approximately $444.0 million, representing approximately 26% year-over-year growth.
- The Company raises Service Revenue guidance from approximately $422.0 million to approximately $425.0 million, representing approximately 27% year-over-year growth.
- Non-GAAP Pre-Tax Loss guidance of approximately $14.1 million.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...