8x8 Sees FY24 Revenue $732.5M-$742.5M Vs $738.3M Est.; Service Revenue $701M-$711M; Non-GAAP Operating Margin 12%-13%
Portfolio Pulse from Benzinga Newsdesk
8x8 Inc. has projected its FY24 revenue to be between $732.5M and $742.5M, compared to an estimate of $738.3M. The company's service revenue is expected to be between $701M and $711M, with a non-GAAP operating margin of 12%-13%.
November 01, 2023 | 9:22 pm
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POSITIVE IMPACT
8x8 Inc. has projected its FY24 revenue to be slightly higher than the estimated $738.3M. This could potentially lead to a positive market reaction.
8x8 Inc.'s projected FY24 revenue is slightly higher than the estimated $738.3M. This indicates that the company is confident about its future performance, which could potentially lead to a positive market reaction. However, the actual impact will depend on various factors, including the overall market conditions and investor sentiment towards the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100