8x8 (Nasdaq: EGHT) continues to defy the economic downturn. The only double dip here is the double dip into more positive revenues news. 8x8 released news of its first quarter fiscal year 2011 and investors were pleased by the business VoIP provider's continued success.
The company showed customer growth in signing up 32,896 new business lines in the first quarter over 29,985 from the last quarter and over the 27,937 from the same period in 2009. It brought in $16.8 million in revenue during the first quarter--about a $1.2 million over revenue for the same period a year ago.
"We continue to experience healthy demand for our hosted communications services from both the under-10 employee small business customer as well as larger SMBs and distributed enterprise organizations and anticipate these adoption trends will continue to drive the top line revenue upwards in the coming quarters," said 8x8 Chairman and CEO Bryan Martin in the release.
For more:
- read the release
Related news:
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8x8's business revenues grew 19% year over year
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