8x8 Expects Q2 Total Revenue Of $175M - $181M, Est $181.21M
Portfolio Pulse from Benzinga Newsdesk
8x8 Inc. (EGHT) has provided its revenue guidance for the second quarter of fiscal 2025, ending September 30, 2024. The company expects total revenue to be between $175 million and $181 million, slightly below the estimated $181.21 million. Service revenue is projected to be between $170 million and $174 million, with a non-GAAP operating margin of approximately 10% to 11%.
August 07, 2024 | 9:53 pm
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8x8 Inc. (EGHT) has provided its Q2 fiscal 2025 revenue guidance, expecting total revenue between $175M and $181M, slightly below the estimated $181.21M. Service revenue is projected to be between $170M and $174M, with a non-GAAP operating margin of 10%-11%.
The revenue guidance provided by 8x8 Inc. is slightly below market estimates, which could lead to a neutral or slightly negative short-term impact on the stock price. However, the non-GAAP operating margin remains within a healthy range, which may mitigate some concerns.
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