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8x8, Inc.
8x8, Inc. Announces Fourth Quarter and 2008 Fiscal Year End Operating Results
June 6th, 2008
8x8, Inc. (NASDAQ:EGHT), provider of Packet8 business, mobile and residential communication services, announced financial operating results for its fiscal fourth quarter and year ended March 31, 2008. Total revenues for the fiscal year ended March 31, 2008 were $61.6 million, compared with $53.1 million for fiscal 2007, an increase of 16% year over year. Packet8 business service revenues grew 81% year over year to $29.1 million in fiscal 2008 from $16.1 million for all of fiscal 2007. GAAP net income grew to $30,000, or $0.00 per share, in fiscal 2008 from net losses of $9.9 million, or ($0.16) per share, and $23.3 million, or ($0.42) per...
Source: Health Business Week (2008-06-06)
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