8×8 (NASDAQ:EGHT) reported second-quarter earnings that exceeded expectations and provided optimistic guidance for the coming quarters.
The company posted adjusted earnings of $0.09 per share, beating analyst expectations of $0.08. Revenue for the quarter reached $181 million, surpassing the Street consensus forecast of $178.38 million. While service revenue dipped slightly to $175.1 million from $177.8 million in the same period last year, the company pointed to a 60% year-over-year increase in sales of new AI-powered products.
Looking forward, 8×8 provided guidance for Q3 revenue in the range of $177 million to $182 million, aligning closely with the analyst expectation of $181 million. For fiscal year 2025, the company projects revenue between $714 million and $727 million, compared to the Street consensus estimate of $720 million.
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