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Wednesday, May 16, 2012

Stock Alert - 8x8 (EGHT): FQ4 EPS of $0.04 beats by $0.01 -5/16/12

8x8 (EGHT): FQ4 EPS of $0.04 beats by $0.01. Revenue of $24.2M (+33% Y/Y) beats by $0.7M

8x8 (EGHT): FQ4 beats on a 33% Y/Y jump in total revenue. Revenue from business customers increased 44% year over year to $22.8M. Average number of services subscribed to per business customer grew to 9.8 from 8.0 in the same year-ago period. Business customer churn was 2.0%, compared with 2.3% in Q411, revenue churn was 1.6%. Shares +7.5% AH

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