** charts before earnings **
** charts after earnings **
8x8 beats by $0.02, beats on revs :
- Reports Q3 (Dec) earnings of $0.05 per share, $0.02 better than the Capital IQ Consensus of $0.03; revenues rose 28.5% year/year to $53.2 mln vs the $52.05 mln Capital IQ Consensus.
- New monthly recurring revenue sold to mid-market/enterprise customers and by channel sales teams increased 94% year-over-year and accounted for 58% of total MRR booked in the quarter, compared with 43% of total MRR booked in the same period last year.
- Average monthly service revenue per business customer increased 21% to $369, compared with $305 in the same period last year.
- Non-GAAP gross margin was 75%, compared with 73% in the same year ago period.
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