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Thursday, May 24, 2018

=8x8 (EGHT) reported earnings on Thur 24 May 18 (a/h)

8x8 misses by $0.03, beats on revs; guides FY19 revs in-line 
  • Reports Q4 (Mar) loss of $0.03 per share, $0.03 worse than the Capital IQ Consensus of ($0.00); revenues rose 19.2% year/year to $79.3 mln vs the $76.97 mln Capital IQ Consensus.
  • Non-GAAP service margin was 83%, compared with 84% in the same period last year.
  • Cash generated from operating activities was $2.7 million.
  • Co issues in-line guidancefor FY19, sees FY19 revs of $347-$352 mln vs. $348.54 mln Capital IQ Consensus Estimate. Sees Non-GAAP pre-tax loss of $13-$17 mln. For Q1, sees service revenue in the range of $77-$78 mln and Non-GAAP pre-tax loss of $4-$5 mln.

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