8×8 FY 2016 Results Bode Well for UCaaS Industry

After a period of poor stock performance, the stock price of Hosted PBX giant 8×8 leapt 7.3% after the company announced that in the current fiscal year, it expects revenue of $251 million marking a 32% year over year increase.

The success of 8×8 (an underdog in the ‘not Cisco or Microsoft’ camp) is good for the entire UCaaS industry, and further proof that the market is recognizing the transformational effects that UCaaS is having on business.  For more info, see here.