8x8 Inc. CTO Outlines AI Strategy, Debt Reduction Plan
1 report, 1 independent
Updated Sat 00:00
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What happened
Bryan Martin was appointed Chief Technology Officer of 8x8 Inc. Martin outlined the company's strategy, which involves combining its global communications network with artificial intelligence tools and expanding Microsoft Teams integrations. He noted that 8x8 Inc. generated $736 million in revenue during its last fiscal year and is aiming for $1 billion in annual revenue.
From themarketsdaily.com
Why it matters
The company reported $190 million in revenue for the June quarter, representing 5% to 6% growth. Martin also stated that 8x8 Inc. has maintained 22 consecutive quarters of operating cash flow and is using this cash flow to reduce its debt, which stands at over $300 million.
From themarketsdaily.com
Who's involved
- MartinChief Technology Officer of 8x8 Inc., who presented the company's financial and strategic outlook.
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