8×8 Inc. (EGHT) Reports Increase in 2008 Financials; Launch of Beta Testing for New Family of IP Phones
8X8 Inc. (Nasdaq: EGHT) today announced its financial operating results for the fourth quarter and fiscal year ended March 31, 2008. This provider of voice and video Internet-based telephony services reported increases in revenues for both periods, attributing the 57-percent increase to new Packet8 subscribers. The company reported revenues for the fourth quarter of 2008 at $16.3 million, up 14 percent from $14.4 million for the same period of 2007. The Packet8 business service represents 50 percent of revenues for the quarter, growing 55 percent for the fourth quarter last year. For fiscal 2008, 8x8 posted revenues at $61.1 million,…