Company Reiterates First Quarter Fiscal 2021 Guidance.
Wilson joined 8x8 in
'Our current strategy is focused on profitability, execution and maximizing growth for innovation,' said
'I've had the pleasure of working directly with Sam both at
Verma further commented, 'On behalf of 8x8, I want to thank Steven for his service to this company as we laid the foundation for this transition. He moved us forward into a true SaaS operating model, and built a strong and seasoned finance team to support future growth on our new, enhanced platform, and we wish him well.'
'I am honored to take on this new role with 8x8,' said Wilson. 'The cloud communications industry is at a unique inflection point and 8x8 is well-positioned to lead the business world into a more connected, resilient, and secure future. I look forward to building on recent successes including our strategic acquisitions, improved go-to-market strategy, and greater traction in the channel to help drive further operational excellence and growth for this incredible company.'
Wilson will lead 8x8's transformation on two fronts:
Driving the company's quarterly progress to achieve Non-GAAP pre-tax net income breakeven exiting this fiscal year.
Systematically fueling growth from the migration of 8x8's legacy installed base to the X Series platform as well as two key onramps for future growth - Jitsi-powered secure video meeting solutions and 8x8 Voice for Microsoft Teams (announced earlier today in a separate press release).
The company is reaffirming its guidance for the first quarter of fiscal 2021 ending
Q1 Fiscal 2021 Guidance:
Total Revenue in the range of
Service Revenue in the range of
Non-GAAP Pre-tax Loss of approximately
Please note that Service Revenue guidance is post-reclassification and excludes Professional Services. The historical reporting of Service Revenue, pre-reclassification and includes Professional Services, is anticipated to be in the range of approximately
Today, Verma and Wilson will be virtually presenting at the William Blair 40th Annual
Gatoff's departure is not based on any disagreement with the company's accounting principles or practices or financial statement disclosures.
Open Communications Platform Announced
Earlier today, 8x8 revealed the company's new 8x8 Open Communications PlatformTM (press release here), which provides the industry's most complete portfolio of work-from-anywhere enterprise communications. 8x8 uniquely brings together the essential elements required in an enterprise communications platform, combining voice, team chat, meetings, and contact centers solutions fueled by shared intelligent communications services like AI-driven expert routing and predictive analytics. As part of the platform launch, 8x8 announced the availability of Communications Platform as a Service (CPaaS) programmable applications and APIs,including SMS and 8x8 Video.
8x8 also announced 8x8 Voice for Microsoft Teams (press release here), an enterprise-grade cloud telephony solution for Microsoft Teams environments allowing global organizations to scale and deliver work-from-anywhere communications. 8x8 Voice for Microsoft Teams is the first global cloud voice solution to fully integrate with Microsoft Teams without changing the experience for end users.
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