Posts Tagged ‘q1 09 earnings release’

8×8 Q1 09 Results

By: ispeculatornew | Date posted: 08.10.2008 (3:45 pm)

EGHT – 8×8 Inc. (NASDAQ) – (Closing Price on Friday 8/8/08 – $1.09)  

8×8 reported first quarter results for 2009 on July 31 and reported moderate results.

8×8 came in with revenue of 16.28 million and diluted EPS (earnings per share) of 0.02. Revenue was up 10% year over year but was essentially flat from the prior quarter. In the conference call it was mentioned that licensing revenue was impacted by licensing deals that were pushed into Q2. Diluted EPS increased by a penny both year over year and sequentially.

8×8 announced it added 1053 new business customers and that business service revenue grew to 56% of total revenue compared to just 44% last year. Business revenue continues to grow which is offsetting the decline in residential and video revenue. (more…)