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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended March 31, 2011
Commission file number 000-21783
(Exact name of Registrant as Specified in its Charter)
Delaware 77-0142404
(State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification Number)
810 West Maude Avenue
Sunnyvale, CA 94085
(Address of Principal Executive Offices including Zip Code)
(408) 727-1885
(Registrant's Telephone Number, Including Area Code)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Name of each exchange on which registered
COMMON STOCK, PAR VALUE $.001 PER SHARE NASDAQ Stock Market LLC
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YES NO
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YES NO
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for
the past 90 days. YES NO
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to
be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the
registrant was required to submit and post such files). YES NO
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best
of Registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K, or any amendment to this
Form 10-K.
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See
definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer Accelerated filer Non-accelerated filer
(Do not check if a smaller reporting company)
Smaller reporting company
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act.) Yes No
Based on the closing sale price of the Registrant's common stock on the NASDAQ Capital Market System on September 30, 2010, the aggregate market value
of the voting stock held by non-affiliates of the Registrant was $131,529,107. For purposes of this disclosure, shares of common stock held by persons who
hold more than 5% of the outstanding shares of common stock and shares held by officers and directors of the Registrant have been excluded because such
persons may be deemed to be affiliates. The determination of affiliate status for this purpose is not necessarily a conclusive determination for any other
purpose.
The number of shares of the Registrant's common stock outstanding as of May 18, 2011 was 62,112,070.
DOCUMENTS INCORPORATED BY REFERENCE
Items 10, 11, 12, 13 and 14 of Part III incorporate information by reference from the Proxy Statement to be filed within 120 days of March 31, 2011 for the
2011 Annual Meeting of Stockholders.

Table of contents

  • Page 1
    ...Maude Avenue Sunnyvale, CA 94085 (Address of Principal Executive Offices including Zip Code) (408) 727-1885 (Registrant's Telephone Number, Including Area Code) Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registered Title of each class COMMON STOCK, PAR...

  • Page 2
    ...69 70 Directors, Executive Officers and Corporate Governance Executive Compensation Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters Certain Relationships and Related Transactions, and Director Independence Principal Accountant Fees and Services 68 69 69...

  • Page 3
    ...telephone system, including IP dial tone, long distance and all of the business class features typically associated with a traditional phone system or PBX. Each business customer subscribes to a number of various lines and services (e.g. physical phone extensions, virtual extensions, fax lines, toll...

  • Page 4
    ... and a mobile extension in a competitively priced offering. 8x8 Virtual Office Pro takes the functionality of an already powerful hosted PBX phone service to a superior feature set with remote accessibility via any web browser or smart phone, call recording, Internet fax, Virtual Meeting and...

  • Page 5
    ...such as video communications, that the network was not originally designed to accommodate. Until recently, traditional telephone companies have avoided the use of packet-switched networks for transmitting voice calls due to the potential for poor sound quality attributable to latency issues (delays...

  • Page 6
    ... rates; Unlimited 8x8 extension-to-extension dialing anywhere in the world; Direct Inward Dial (DID) phone number with any desired area code for each extension; Conference bridge, 3-way calling, music on hold, call park/pick-up, call transfer, hunt groups, and do not disturb; Business-class voice...

  • Page 7
    ...Office Pro is a powerful unified communications service that allows subscribers to manage essential, advanced business communications functions online through a centralized portal. Integrated with the 8x8 Virtual Office VoIP (Voice over Internet Protocol) hosted PBX phone service, Virtual Office Pro...

  • Page 8
    ...to web, audio and video meetings; Virtual Office Mobile extension - place and receive VoIP calls and access common Virtual Office services and functions from an iPhone/iPod Touch/iPad/Android mobile handset; Fax - enables users to send and receive unlimited faxes using either a separate phone number...

  • Page 9
    ... Internet telephony device, the packets (representing a voice and/or video call initiated by an 8x8 subscriber) are sent to one of our partner telecommunications carriers, where the call is transferred to the PSTN and directed to a regular telephone anywhere in the world. Our billing and back office...

  • Page 10
    ... broadband services, other regulatory issues relating to the Internet, in general could affect our ability to provide our services. Congress has adopted legislation that regulates certain aspects of the Internet, including online content, user privacy, taxation, liability for third-party activities...

  • Page 11
    ... 15, 2011, we were named a defendant in a lawsuit, Bear Creek Technologies, Inc. v. 8x8, Inc. et al., along with more than 20 other defendants, including AT&T, Inc., Cablevision Systems Corporation, Comcast Corporation, Cox Communications, Qwest Communications International, Inc., T-Mobile USA, Inc...

  • Page 12
    ...and cable companies must continue to invest in the deployment of high speed broadband networks to residential and business customers, over which we have no control. In addition, VoIP networks must improve quality of service for real-time communications, managing effects such as packet jitter, packet...

  • Page 13
    ... have significant and increasing market power in the broadband and Internet access marketplace, including incumbent telephone companies, cable companies and mobile communications companies. Some of these providers offer products and services that directly compete with our own offerings, which gives...

  • Page 14
    ... market share. We also compete against established alternative voice communication providers and face competition from other large, wellcapitalized Internet companies that have recently launched or plan to launch VoIP-enabled services. In addition, we compete with independent VoIP service providers...

  • Page 15
    ... network service providers to originate and terminate substantially all of our public switched telephone network calls. We leverage the infrastructure of third party network service providers to provide telephone numbers, PSTN call termination and origination services, and local number portability...

  • Page 16
    ... of these third party vendors to deliver IP phones of acceptable quality and in a timely manner, particularly the sole source vendors, could adversely affect our operating results or cause them to fluctuate more than anticipated. Additionally, some of our products may require specialized or high...

  • Page 17
    ...., Skype Global S.a.r.l, Skype, Inc., Time Warner Cable, Verizon Communications, Inc. and Vonage Holdings Corporation in the United States District Court for the District of Delaware. • • On March 15, 2011, we were named a defendant in a lawsuit, Bear Creek Technologies, Inc. v. 8x8, Inc. et...

  • Page 18
    ..., state, local, country-specific and international regulations, and changes may require us to modify existing products and/or services. In addition to reliability and quality standards, the market acceptance of telephony over broadband IP networks is dependent upon the adoption of industry standards...

  • Page 19
    ... federal Universal Service Fund. We have received inquiries or demands from a number of state and municipal taxing agencies seeking payment of taxes, fees or surcharges that are applied to or collected from customers of providers of traditional public switched telephone network services. Although we...

  • Page 20
    ...unable to provide E-911 service as described above are supported by a national call center that is run by a third-party provider and operates 24 hours per day, seven days per week. These operators still receive the customer's registered service location and phone number automatically, and coordinate...

  • Page 21
    ... phone numbers called by a consumer, the frequency, duration, and timing of such calls, and any services/features purchased by the consumer, such as call waiting, call forwarding, and caller ID, in addition to other information that may appear on a consumer' s bill. Under the FCC' s rules, companies...

  • Page 22
    ... on our web site, fraudulent activities of our users, or the failure of thirdparty vendors to deliver credit card transaction processing services. A fundamental requirement for operating an Internet-based, worldwide voice and video communications service and electronically billing our 8x8 customers...

  • Page 23
    ... of any of our officers or key employees could delay the development and introduction of, and negatively impact our ability to sell our services which could adversely affect our financial results and impair our growth. We currently do not maintain key person life insurance policies on any of our...

  • Page 24
    ... into the VOIP service marketplace, including cable and incumbent telephone companies and other wellcapitalized competitors; • new products or new contracts by us, our competitors or their customers; • the perceived or real impact of events that negatively affect our direct competitors; and...

  • Page 25
    ... patent. On March 23, 2011, we restated our complaint to also include Helios IP, LLC, in addition to the two original defendants. The defendants have until May 27, 2011 to answer our complaint. On March 15, 2011, we were named a defendant in a lawsuit, Bear Creek Technologies, Inc. v. 8x8, Inc. et...

  • Page 26
    ... OF EQUITY SECURITIES We completed our initial public offering on July 2, 1997 under the name 8x8, Inc. From that date through April 3, 2000, our common stock was traded on the NASDAQ National Market, or the NASDAQ, under the symbol "EGHT." From April 4, 2000 through July 18, 2001, our common...

  • Page 27
    ... Andrew Schwabecher, pursuant to which we acquired this provider of managed hosting services from, Mr. Schwabecher. Under the terms of the Agreement, we closed the acquisition on May 1, 2010, and paid $1,000,000 in cash and issued 432,276 shares of common stock, at an average price of $1.388...

  • Page 28
    ...plan for the purchase of up to $10.0 million of our common stock from time to time until October 19, 2011. The activity under the repurchase plan for the three months ended March 31, 2011 is summarized as follows: Total Number of Shares Purchased as Part of Publicly Announced Program 984,037 402,000...

  • Page 29
    ... MobileTalk service, 8x8 Virtual Meeting web conferencing service, the 8x8 Virtual Office Pro unified communications solution and 8x8 Managed Hosting and Cloud-Based Computing solutions. As of March 31, 2011, we had more than 24,000 business customers. Each business customer subscribes to a number...

  • Page 30
    .... In accordance with the guidance of ASC 605-25, we allocate 8x8 revenues, including activation fees, among the 8x8 IP telephones and subscriber services based on the fair value determined by their relative selling prices. Revenues allocated to these devices are recognized as product revenues during...

  • Page 31
    ... public switched telephone network services. We recorded no expense for the years ended March 31, 2011 and 2010 and an expense of $72,000 for the year ended March 31, 2009, respectively, as our estimate of the increase in probable tax exposure for such assessments. Stock-Based Compensation We...

  • Page 32
    ...quarter of fiscal from Central Host, Inc. "Central Host" . Business customer subscriber acquisition cost is business subscriber acquisition cost per service times the average number of services subscribed to per business customer. Business subscriber acquisition cost per service is defined as...

  • Page 33
    ... sales of IP telephones, primarily attributable to our 8x8 service. The increase in fiscal year 2011 from fiscal year 2010 resulted from a $0.6 million increase in product revenue attributable to growth in our business customer subscriber base, for which we have been subsidizing equipment purchases...

  • Page 34
    ...-over-Year Change 2010 to 2011 2009 to 2010 909 6.7% $ (2,115) -13.5% Cost of service revenues Percentage of service revenues $ Cost of service revenues primarily consists of costs associated with network operations and related personnel, telephony origination and termination services provided by...

  • Page 35
    .... Such costs also include outsourced customer service call center operations, sales commissions, as well as trade show, advertising and other marketing and promotional expenses. The increase in selling, general and administrative expenses for fiscal 2011 from fiscal 2010 was primarily due to...

  • Page 36
    ... Year-over-Year Change 2010 to 2011 2009 to 2010 52 1733.3% $ (42) 100.0% Provision for income taxes Percentage of total revenues $ The effective tax rate for the fiscal year ended March 31, 2011 differed from the statutory federal income tax rate primarily because we utilized prior net operating...

  • Page 37
    ... the purchase of additional equipment ($2.1 million) related to the build-out of our new East Coast data center and growth in our data centers on the West Coast for voice and managed hosting services. Net cash used in financing activities was $4.8 million in fiscal 2011, compared with $0.1 million...

  • Page 38
    ... party network service providers 541 23 564 Open purchase orders 48 48 $ 3,444 $ 314 $ $ $ $ 3,758 In March 2007 and August 2009, we entered into a series of noncancelable capital lease agreements for office equipment bearing interest at various rates. Assets under capital lease at March 31, 2011...

  • Page 39
    ...2011 and 2010, we did not have any outstanding debt instruments other than equipment under capital leases and, therefore, we were not exposed to market risk relating to interest rates...Report of Independent Registered Public Accounting Firm Consolidated Balance Sheets at March 31, 2011... required ...

  • Page 40
    Report of Independent Registered Public Accounting Firm Board of Directors and Stockholders of 8x8, Inc. We have audited the accompanying consolidated balance sheets of 8x8, Inc. (the Company) as of March 31, 2011 and 2010 and the related consolidated statements of operations, stockholders' equity ...

  • Page 41
    ...SHEETS (IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS) March 31, 2011 ASSETS Current assets: Cash and cash equivalents Short-term investments Accounts receivable, net of allowance of $21 and $36 Inventory Deferred cost of goods sold Other current assets Total current assets Property and equipment...

  • Page 42
    8X8, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) Years Ended March 31, 2011 Service revenues Product revenues Total revenues Operating expenses: Cost of service revenues Cost of product revenues Research and development Selling, general and administrative ...

  • Page 43
    ... of common stock for acquisition of Central Host, Inc. Issuance of restricted common stock Repurchase of common stock Buyback of employee stock options Stock compensation charge Unrealized investment loss Net income Total comprehensive income Balance at March 31, 2011 Common Stock Shares Amount 62...

  • Page 44
    ... of Central Host, Inc., net of cash acquired Proceeds from the sale of property and equipment Maturities of short-term investments Net cash provided by (used in) investing activities Cash flows from financing activities: Capital lease payments Repurchase of common stock Buyback of employee stock...

  • Page 45
    ...Internet connection. The Company sells pre-programmed IP telephones with speakerphones and a display screen, in conjunction with its Virtual Office service plans, which enable its business customers to access additional Virtual Office features through onscreen phone menus. The 8x8 Virtual Office Pro...

  • Page 46
    ... arrangement with multiple deliverables. In accordance with the guidance of ASC 605-25, the Company allocates 8x8 revenues, including activation fees, among the 8x8 IP telephones and subscriber services. Revenues allocated to these devices are recognized as product revenues during the period of the...

  • Page 47
    ... identification. The Company' s investments are comprised of money market and mutual funds. At March 31, 2011 and 2010, all investments were classified as available-for-sale and reported at fair value, based upon quoted market prices, with unrealized gains and losses, net of related tax, if any...

  • Page 48
    ... lives are amortized on a straight-line basis over the periods benefited. 8x8 reviews the recoverability of its long-lived assets, such as plant and equipment, when events or changes in circumstances occur that indicate that the carrying value of the asset or asset group may not be recoverable. The...

  • Page 49
    ... March 31, 2011, 2010 and 2009, respectively. SUBSCRIBER ACQUISITION COSTS Subscriber acquisition costs are expensed as incurred and include the advertising, marketing, promotions, commissions, rebates and equipment subsidy costs associated with the Company' s efforts to acquire new subscribers. 47

  • Page 50
    ... to fulfill supply requirements of the Company could materially impact future operating results, financial position and cash flows. The Company also relies primarily on third party network service providers to provide telephone numbers and PSTN call termination and origination services for its...

  • Page 51
    ... share-based payment awards granted subsequent to April 1, 2006 is recognized using the straight-line single-option method. Stock-based compensation expense included in fiscal 2011, 2010 and 2009 includes the impact of estimated forfeitures. ASC 718 requires forfeitures to be estimated at the time...

  • Page 52
    ... (in thousands): 2011 Cost of service revenues Cost of product revenues Research and development Selling, general and administrative Total stock-based compensation expense related to employee stock options and employee stock purchases, pre-tax Tax benefit Stock based compensation expense related to...

  • Page 53
    ...("ASC"), originally issued as FASB Statement No. 157, "Fair Value Measurements" that require separate disclosure of significant transfers in and...the beginning of the first annual reporting period beginning on or after December 15, 2010, with early adoption permitted. The Company does not expect the ...

  • Page 54
    ... number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options, shares to be issued under the employee stock purchase plan and warrants. 2011...

  • Page 55
    ... paid-in capital rather than as a reduction of the provision for income taxes. In addition, at March 31, 2011, the Company had research and development credit carryforwards for federal and state tax reporting purposes of approximately $1.5 million and $2.7 million, respectively. The federal credit...

  • Page 56
    .... In significant foreign jurisdictions, the fiscal year 2007 through 2011 tax years remain subject to examination by their respective tax authorities. The Company's policy for recording interest and penalties associated with audits is to record such items as a component of operating expense...

  • Page 57
    ... property infringement or other claims made by third parties. These agreements may limit the time within which an indemnification claim can be made and the amount of the claim. In addition, the Company has entered into indemnification agreements with its officers and directors. It is not possible to...

  • Page 58
    .... Capital Leases In March 2007 and August 2009, the Company entered into a series of non-cancelable capital lease agreements for office equipment bearing interest at various rates. At March 31, 2011, future minimum annual lease payments under noncancelable capital leases were as follows (in...

  • Page 59
    ... filed a lawsuit in the Southern District of Texas against Adaptive Networks and Ceres alleging false patent marking under Title 35, Section 292, of the United States Code relating to the '526 patent. On March 23, 2011, the Company restated its complaint to also include Helios IP, LLC, in addition...

  • Page 60
    ..., 2011, the Company was named a defendant in a lawsuit, Bear Creek Technologies, Inc. v. 8x8, Inc. et al., along with more than 20 other defendants, including AT&T, Inc., Cablevision Systems Corporation, Comcast Corporation, Cox Communications, Qwest Communications International, Inc., T-Mobile USA...

  • Page 61
    .... In fiscal 2001, the number of shares reserved for issuance was increased to 3,600,000 shares by the Company' s board of directors. Under the terms of the 1999 Plan, options may not be issued to either officers or directors of the Company unless granted to an officer in connection with the...

  • Page 62
    ...the table above represents the total pre-tax intrinsic value (the aggregate difference between the closing stock price of the Company' s common stock on March 31, 2011 and the exercise price for in-the-money options) that would have been received by the option holders if all in-the-money options had...

  • Page 63
    .... At the start of each fiscal year, the number of shares of common stock subject to the Employee Stock Purchase Plan increases so that 500,000 shares remain available for issuance. During fiscal 2011, 2010 and 2009, 489,501, 499,969 and 424,470 shares, respectively, were issued under the Employee...

  • Page 64
    ... to create a new stock repurchase plan to purchase an additional $10.0 million of its common stock from time to time until October 19, 2011. Share repurchases, if any, will be funded with available cash. Repurchases under the repurchase plans may be made through open market purchases at prevailing...

  • Page 65
    ...and assessing financial performance. The Company has only one reportable segment. The following table presents net revenues by groupings of similar products (in thousands). Years Ended March 31, 2011 8x8 service, equipment and other Technology licensing and related software Total revenues $ $ 70,056...

  • Page 66
    ... entered into an agreement with Central Host pursuant to which the Company acquired this provider of managed hosting services from its sole shareholder. Under the terms of the agreement, the Company paid $1,000,000 in cash and issued 432,276 shares of 8x8 common stock, at an average price of $1.388...

  • Page 67
    ...STRATEGIC INVESTMENT In April 2010, the Company invested $250,000 cash, transferred its wholly-owned French research and development subsidiary, 8x8 Europe SARL, and granted a non-exclusive license to certain 8x8 technology, to Stonyfish, a privately-held company in Los Altos, California in exchange...

  • Page 68
    ... Additions Charged to Costs, Expenses and Other $ 338 $ Description Year ended March 31, 2009: Allowance for doubtful accounts Valuation allowance for deferred tax assets Year ended March 31, 2010: Allowance for doubtful accounts Valuation allowance for deferred tax assets Year ended March 31, 2011...

  • Page 69
    ... and development Selling, general, and administrative Total operating expenses Income from operations Other income, net Income on change in fair value of warrant liability Income before provision for income taxes Provision (benefit) for income taxes Net income Net income per share: Basic Diluted...

  • Page 70
    ... proxy statement for our 2011 Annual Meeting of Stockholders to be held on or about August 16, 2011, which information is incorporated into this report by reference. However, certain information regarding current executive officers found under the heading "Executive Officers" in Item 1 of Part...

  • Page 71
    ... and Ethics by posting such information in the corporate governance section on its website at http://investors.8x8.com. ITEM 11. EXECUTIVE COMPENSATION Information relating to executive compensation will be presented in our definitive proxy statement for our 2011 Annual Meeting of Stockholders to...

  • Page 72
    ..., in the City of Sunnyvale, State of California, on May 20, 2011. 8X8, INC. By: /s/ BRYAN R. MARTIN Bryan R. Martin, Chairman, Chief Executive Officer and President POWER OF ATTORNEY KNOW ALL PERSONS BY THESE PRESENT, that each person whose signature appears below constitutes and appoints Bryan...

  • Page 73
    ...2009. Employment offer letter agreement between 8x8, Inc. and Kim Niederman dated February 3, 2011. Subsidiaries of Registrant. Consent of Independent Registered Public Accounting Firm. Power of Attorney (included on page 70). Certification of Chief Executive Officer of the Registrant pursuant to 18...

  • Page 74
    ... by reference to exhibit 10.7 to the Registrant' s Form 10-K filed May 26, 2009 (File No. 000-21783). (k) Incorporated by reference to exhibit 10.1 to the Registrant's Report on Form 8-K filed October 5, 2004 (File No. 00021783). (l) Incorporated by reference to exhibit 10.1 to the Registrant...

  • Page 75
    ... of the remaining shares each month thereafter. Your position will initially be Chief Marketing Officer and Vice President, Marketing reporting to Dan Weirich. Duties and responsibilities are subject to change depending on the needs of the company. You will start full‐time employment on or before...

  • Page 76
    ... meeting on February 15, 2011. Shares shall vest at a rate of 1/4th in one year from your start date and 1/36th of the remaining shares each month thereafter, subject to your continuing status as an employee. A stock purchase right in 8x8, Inc. of 200,000 shares will be granted to you upon a signed...

  • Page 77
    ... through the Employment Extension Period, at which time you will be reimbursed for your PTO at your final exit interview. If this meets with your approval, please execute where indicated below. Please return a copy of the signed letter to Bryan Martin by FAX at 408-980-0432. We welcome you to the...

  • Page 78
    SUBSIDIARIES OF REGISTRANT Name Netergy Microelectronics, Inc. Visit, Inc. Central Host, Inc. Jurisdiction of Incorporation California, USA California, USA California, USA

  • Page 79
    CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We consent to the ...reports dated May 20, 2011, relating to the financial statements, financial statement schedule II, and the effectiveness of internal controls over financial reporting, appearing in this Annual Report on Form 10-K of 8x8...

  • Page 80
    ... PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 I, Bryan R. Martin, certify that: 1. I have reviewed this annual report on Form 10-K of 8x8, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to...

  • Page 81
    ...certify that: 1. I have reviewed this annual report on Form 10-K of 8x8, Inc.; 2. Based on my knowledge, this report does not contain any untrue ...covered by this report based on such evaluation; and Disclosed in this report any change in the registrant's internal control over financial reporting...

  • Page 82
    ...In connection with the Annual Report on Form 10-K of 8x8, Inc. (the "Company") for the year ended March 31, 2011, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Bryan R. Martin, Chairman, Chief Executive Officer and President of the Company, hereby certify...

  • Page 83
    ... In connection with the Annual Report on Form 10-K of 8x8, Inc. (the "Company") for the year ended March 31, 2011, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Daniel Weirich, Chief Financial Officer and Secretary of the Company, hereby certify, pursuant...