The results also outshone the company’s first-quarter 2010 results of $414,000 in profit.
Meanwhile, total revenue amounted to $16 million, up from $15.6 million in the first quarter but down from $16.3 million in 2009’s fiscal second quarter. Much of the second-half growth stemmed from new contracts from business users, said Bryan Martin, 8×8’s chairman and CEO.
“Revenue from business customers now accounts for nearly three-quarters of overall revenue,” he said in a prepared statement.
8×8 also is gaining traction among its peers. For example, on Oct. 1, the Sunnyvale, Calif.-based company signed a deal with wholesaler Level 3 Communications. The deal allows 8×8 to provision hosted voice services when Level 3 wins applicable federal government contracts through the Networx program.
Other agreements, such as the retail distribution partnership through OfficeMax, are helping 8×8 improve its numbers, too, as are lower operating expenses. On that front, costs fell from about $16.7 million in the same quarter last year to $14.6 million. Research and development outlay tapered off just a bit, as did selling, general and administrative charges.
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April 19 2018 @ 21:50:05 UTC