Cloud Communications Company 8x8 to Release Second Quarter Fiscal 2012 Results

8x8, Inc., provider of cloud communications and computing solutions, will release its second quarter fiscal 2012 results for the period ended September 30, 2011 afterwards market close on Wednesday, Oct. 19.

New 8x8 survey that randomly queried new 8x8 clients

TMCnet in September reported that a new 8x8 survey that randomly queried new 8x8 clients, who subscribed to the company’s VoIP (Voice over Internet Protocol) service between May 1 and August 19, revealed that the company experienced higher than usual demand for its services in the summer of 2011.

Analysts believed that the tough economic situation did little to deter even small to mid-size businesses from planning for a future that was "growth-oriented nevertheless cost-effective."

The summer saw many of them turn to 8x8

The summer saw many of them turn to 8x8, the VoIP telephone and cloud communications provider that claims to deliver industry-leading SaaS applications to businesses of any size with employees in any location.

As summer was as a rule not a time when small businesses focused on their operations, 8x8 investigated the causes for the difference in trend that unusually increased the demand for its services while that period. Nearly 55 percent of those surveyed indicated that they were concerned about business expenses in August 2011, compared to 39 percent, who voiced the same concern in June 2011.

Justifying this apparent rise in the number of businesses concerned about a rise in expenses, the survey indicated that many respondents regarded reducing costs, attracting new clients and hiring and affording new employees as top concerns during almost one third of those surveyed stated that they needed to keep pace with growth.

An analysis of the respondent customer base revealed that nearly 50 percent had switched to 8x8 from their local phone company and another 25 percent had switched from another VoIP provider. Sixty-two percent cited cost savings as the reason behind the switch, 70 percent specified features, 43 percent portability and geographic flexibility during 37 percent cited convenience of hosting and maintenance.