8x8 provider of 8x8 Virtual Office and Packet8
announces that as of January 31, 2009, the business customer base for its IP telephony services exceeded 15,000 companies. Over the past two years, 8x8's business customer base has roughly tripled, with the majority of customers utilizing its flagship Virtual Office hosted PBX phone service, an IP based telecommunications solution that provides enterprise PBX features plus unlimited calling at a much lower cost than traditional PSTN services. In addition to its Virtual Office service, 8x8 also now offers hosted contact center and key system services as well as IP trunking solutions, all of which are designed to operate over existing public or private high speed Internet connections rather than managed data networks.
In its most recent quarterly earnings announcement on January 29, 2009, 8x8 announced a record number of organic gross business customer additions during the December quarter and its lowest business churn rate in more than 18 months. The company also reported its seventh consecutive quarterly increase in cash and investment balances and the fifth consecutive quarter of net income.