8x8 Inc stock outlook and Analysis 2012

Indonesia stock info -8x8 Inc stock outlook and Analysis 2012 ; 8×8 Inc: Known for its telecommunication services, 8×8 Inc. (NASDAQ: EGHT) has gained +19% year-to-date. Looking in the longer term, EGHT is up +86% in the last year. This quarter, analysts are predicting EGHT will posted EPS of four cents, up from two cents last year. But percentage-wise, that’s a 50% increase! This shows how just a small jump in earnings can really mean big things for a penny stock in the tech sector.

8x8, Inc. Reports Record Second Quarter Fiscal 2012 Results
8x8, Inc. EGHT +2.39% , provider of innovative business communications and cloud computing solutions, today reported financial operating results for the second quarter of fiscal 2012, the period ended September 30, 2011.

Total revenue for the second quarter of fiscal 2012 was a record $19.8 million, a 7% sequential increase compared to revenue of $18.5 million in the prior quarter and a 14% increase compared to revenue of $17.4 million for the same period of fiscal 2011. Revenue from business customers grew 21% year-over-year and represented 91% of total revenue. Revenue from 8x8 cloud data services grew to 3.1% of total revenue in the second quarter of 2012, up from 2.5% of total revenue in the prior quarter.

Net income for the second quarter of fiscal 2012 was $0.8 million or $0.01 per share, compared to $0.03 per share in the same period last year. Operating income, which included one-time acquisition related expenses of approximately $480,000, was $0.9 million in the second quarter of fiscal 2012. Depreciation, amortization and stock-based compensation were approximately $378,000, $48,000 and $329,000, respectively.

Business customer churn was 2.1%, compared to a churn rate of 2.2% for the same period last year. The Company ended the quarter with 26,727 business customers, including 250 customers added from the Contactual acquisition, up from 25,455 in the prior quarter and 22,167 customers a year ago.

"8x8 performed exceptionally well during the second quarter of fiscal 2012 as we experienced unusually strong summer demand for our cloud-based unified communications solutions," said 8x8 Chairman & CEO Bryan Martin. "At the same time, we executed upon several key strategic initiatives that underscore 8x8's unique role as the one stop shop for industry-leading, 'gold standard' solutions, highlighted this quarter by the expansion of our offerings with the acquisition of Contactual. In addition, this past August was the best month ever for recurring revenue generated and a recently conducted customer survey confirmed our belief that businesses are increasingly choosing 8x8's service offerings not only to lower expenses but to also leverage the features and flexibility of these solutions to position themselves for future growth."

As of September 30, 2011, the Company had $19.1 million in cash, cash equivalents and investments, compared with $17.9 million on September 30, 2010 and $18.9 million on June 30, 2011.

"Moving forward on our previously stated intent to go upmarket, we are investing in additional sales and marketing to reach larger businesses and government customers, and we are already seeing traction in those efforts," Mr. Martin added. "During the quarter, approximately 300 of our new business voice customers, not including Contactual customers, subscribed to more than 25 physical lines and we are excited about the prospects we see in these markets through our new sales channel partners."


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