Business
8x8, Inc. Announces Third Quarter Fiscal Year 2025 Financial Results
Service revenue of $173 million and total revenue of $179 million Delivered 16th consecutive quarter of positive cash flow from operations Continued strong
About this update from 8x8 Inc
[{"type":"text","content":"\n\nService revenue of $173 million and total revenue of $179 million\n\n\n\nDelivered 16th consecutive quarter of positive cash flow from operations\n\n\n\nContinued strong growth in new products\n\n\n\n CAMPBELL, Calif.--(BUSINESS WIRE)--\n8x8, Inc. (NASDAQ: EGHT), the industry's most integrated Platform for CX that combines Contact Center, Unified Communication, and CPaaS APIs, today reported financial results for the third quarter of fiscal year 2025 ended December 31, 2024.\n\n\n\"Our third quarter results highlight further progress and continued momentum in our transformation journey. We delivered solid financial performance, with record cash flow from operations and strong adoption of our AI-powered customer experience solutions, driving a 60% year-over-year increase in new products. As we move forward, our focus remains on enhancing customer value, accelerating growth, and driving long-term profitability. With a clear strategy and a strong team, I believe we are well-positioned to capitalize on the opportunities ahead,\" said Samuel Wilson, Chief Executive Officer at 8x8, Inc.\n\n\nThird Quarter Fiscal Year 2025 Financial Results:\n\n\n\nTotal revenue of $178.9 million, compared to $181.0 million in the third quarter of fiscal 2024.\n\n\n\nService revenue of $173.5 million, compared to $175.1 million in the third quarter of fiscal 2024.\n\n\n\nGAAP operating income was $9.0 million, compared to GAAP operating loss of $9.4 million in the third quarter of fiscal 2024.\n\n\n\nNon-GAAP operating profit was $19.1 million, compared to non-GAAP operating profit of $24.3 million in the third quarter of fiscal 2024.\n\n\n\nGAAP net income was $3.0 million, compared to GAAP net loss of $21.2 million in the third quarter of fiscal 2024.\n\n\n\nNon-GAAP net income was $14.5 million, compared to non-GAAP net income of $14.8 million in the third quarter of fiscal 2024.\n\n\n\nAdjusted EBITDA was $23.9 million, compared to Adjusted EBITDA of $30.7 million in the third quarter of fiscal 2024.\n\n\n\nCash flow from operations of $27.2 million, compared to cash flow from operations of $22.4 million in the third quarter of fiscal 2024.\n\n\n\nEnding cash and equivalents, including restricted cash, of $104.6 million reflected the repayment of $33.0 million of principal payments made on the 2024 Term Loan during the third quarter.\n\n\n\n\"W...