RingCentral

RingCentral, Inc. engages in the provision of global enterprise cloud communications and collaboration solutions. The firm's solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, PCs and desk phones, and allows for communication across multiple modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings and fax. It sells its products under the RingCentral Professional, RingCentral Glip, and RingCentral Fax brands. The company was founded by Vlad Vendrow and Vladimir Shmunis in 1999 and is headquartered in Belmont, CA.

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RingCentral achieves record revenue and partnerships, eyes efficiency in 2023

RingCentral's 2022 performance showcased strong financials, strategic partnerships, and advancements in AI technology. Challenges include prolonged sales cycles and the need for disciplined deal-making. Opportunities lie in the growing Microsoft Teams practice and focus on driving efficiency and profitability in 2023.

RingCentral exceeds Q1 revenue targets, eyes sustainable profitability and growth

RingCentral delivered robust financial performance in Q1 2023, showcasing growth in revenue, operating margin, and free cash flow, with a focus on sustainable profitability.
The company's strengths include innovative product offerings, stable ARPU trend, strong vertical performance, and a strategic approach to driving profitable growth.
Challenges include managing customer renewals churn, sustaining partnerships amidst efficiency initiatives, and addressing convertible debt maturities for long-term success.
Opportunities for RingCentral include enhancing product monetization, leveraging Avaya's contribution, driving marketing effectiveness, and exploring growth in key verticals.

RingCentral reports robust Q2 growth, eyes India expansion and AI leverage

RingCentral's Q2 2023 earnings call highlighted strong financial performance, strategic product introductions, leadership transitions, and a focus on innovation and partnerships. The company is well-positioned to capitalize on growth opportunities and navigate challenges in the competitive communication solutions market.

RingCentral exceeds Q3 expectations, focuses on innovation and growth

RingCentral's Q3 2023 performance showcased strong revenue growth, improved margins, and a focus on customer retention and upselling.
The company's strengths lie in product innovation, competitive UCaaS and CCaaS offerings, and an AI-first approach in Contact Center upsell.
Challenges include managing expenses, market positioning against competitors like Microsoft Teams, and driving international expansion effectively.
Opportunities for RingCentral include untapped markets, strategic partnerships, leveraging AI, and targeting enterprise customers with integrated solutions.

RingCentral posts robust Q4 results, eyes growth through new products

RingCentral's Q4 2023 Earnings Call highlighted strong financial performance, new product introductions, and strategic partnerships. The company aims for growth, profitability, and SBC reduction in 2024. Challenges include margin expansion, growth strategies, and market dynamics, while opportunities exist in product innovation and market expansion.

RingCentral surpasses Q1 revenue expectations, eyes growth in AI

RingCentral delivered a strong Q1 performance, exceeding revenue expectations and demonstrating progress in driving profitable growth. The company's focus on trust, innovation, and partnerships, along with new product introductions, bodes well for future growth.
While facing challenges in balancing growth with profitability and adapting to industry changes driven by AI, RingCentral has strengths in strategic partnerships, product offerings, and market positioning. Opportunities lie in expanding market reach, leveraging AI, and driving cloud migrations.
Overall, RingCentral's Q1 earnings call highlights a solid performance, strategic strengths, operational challenges, and growth opportunities in the evolving communication solutions market.

RingCentral surpasses Q2 revenue expectations, eyes global expansion opportunities

RingCentral's Q2 results exceeded expectations, driven by strong enterprise growth and new product introductions. The company is well-positioned to capitalize on opportunities in key verticals and regions, with a positive outlook for subscription revenue and free cash flow.

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While the top- and bottom-line numbers for RingCentral (RNG) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About RingCentral (RNG) Q2 Earnings

RingCentral, Inc. (NYSE:RNG ) Q2 2023 Results Conference Call August 7, 2023 5:00 PM ET Company Participants Will Wong - VP, IR Vlad Shmunis - Founder, Chairman and CEO Tarek Robbiati - Incoming CEO Sonalee Parekh - CFO Conference Call Participants Meta Marshall - Morgan Stanley Terry Tillman - Truist Securities Samad Samana - Jefferies Brian Peterson - Raymond James Kash Rangan - Goldman Sachs George Sutton - Craig Hallum Matt Stotler - William Blair Quinton Gabrielli - Piper Sandler Siti Panigrahi - Mizuho Securities Ryan Koontz - Needham Operator Good afternoon and welcome to the RingCentral Second Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode.

RingCentral, Inc. (RNG) Q2 2023 Earnings Call Transcript

RingCentral (RNG) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.45 per share a year ago.

RingCentral (RNG) Surpasses Q2 Earnings and Revenue Estimates

RingCentral Inc.'s RNG, +0.88% stock is getting creamed, down more than 10% in extended trading Monday. The cloud-based phone system provider for small businesses reported a fiscal second-quarter net loss of $21.5 million, or 23 cents a share, compared with a net loss of $159.5 million, or $1.68 a share, in the year-ago quarter.

RingCentral's stock plunges despite revenue, earnings beat

BELMONT, Calif.--(BUSINESS WIRE)--RingCentral today announced the launch of RingCX™, a native, intelligent contact center.

RingCentral Unveils RingCX – A Native, Intelligent Contact Center Solution

BELMONT, Calif.--(BUSINESS WIRE)--RingCentral today announced the company is expanding its artificial intelligence (AI) platform, RingSense™, across its portfolio.

RingCentral Announces RingSense for Phone and Enhances RingSense for Sales

Hewlett Packard Enterprise Co. HPE, +1.04% on Monday said its chief financial officer, Tarek Robbiati, is leaving the company this month to become chief executive of RingCentral Inc. RNG, +0.88%. HPE said Jeremy Cox, senior vice president, corporate controller and chief tax officer, will service as interim CFO while the company and its board conduct a search for a new CFO.

HPE CFO is jumping to RingCentral to become CEO

BELMONT, Calif.--(BUSINESS WIRE)--RingCentral announces Tarek Robbiati has been appointed as Chief Executive Officer and Vlad Shmunis will transition to the role of Executive Chairman.

RingCentral Announces CEO Succession

BELMONT, Calif.--(BUSINESS WIRE)---- $RNG #earnings--RingCentral today announced financial results for the second quarter ended June 30, 2023.

RingCentral Announces Second Quarter 2023 Results

BELMONT, Calif.--(BUSINESS WIRE)--RingCentral expands video offerings with acquisition of Events and Session product lines from Hopin.

RingCentral Expands Video Offerings With Acquisition of Events and Session Product Lines From Hopin

BENGALURU, India--(BUSINESS WIRE)--RingCentral today announced the opening of its inaugural office in Bengaluru.

RingCentral to Double Its Workforce in India Over the Next 12 Months

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BELMONT, Calif.--(BUSINESS WIRE)---- $RNG #UCaaS--RingCentral will report financial results for the second quarter ended June 30, 2023 after market close on Monday, August 7, 2023.

RingCentral Announces Date of Second Quarter 2023 Financial Results Conference Call

RingCentral (RNG) receives an approval for providing cloud communications service to multinational organizations in India, reflecting on its expanding customer base.

RingCentral (RNG) Expands With Cloud Phone Launch in India

With a mounting debt burden, RingCentral, Inc. faces the challenge of a significantly overleveraged balance sheet, with looming debt obligations. RingCentral's focus on buying back its stock at higher prices rather than actively reducing its convertible debt causes problems. RingCentral seeks to double free cash flow generation by 2024.

RingCentral: Navigating Growth Challenges

BELMONT, Calif.--(BUSINESS WIRE)-- #UCaaS--RingCentral today announced it is the first global cloud provider to offer fully compliant cloud phone services in India.

RingCentral Becomes the First Global Cloud Provider to Offer Compliant Enterprise-grade Cloud Telephony in India

BELMONT, Calif.--(BUSINESS WIRE)--RingCentral announces Bobbie Grafeld as new Chief Human Resources Officer.

RingCentral Appoints Bobbie Grafeld as Chief Human Resources Officer

RingCentral (RNG) reported earnings 30 days ago. What's next for the stock?

Why Is RingCentral (RNG) Up 12.2% Since Last Earnings Report?

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Discover a pair of surprisingly well-hidden gems in the stock market's ongoing garage sale. RingCentral and Alphabet look affordable -- nay, undervalued!

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BELMONT, Calif.--(BUSINESS WIRE)--RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced the findings of a commissioned Forrester Consulting Total Economic Impact™ (TEI) study showing that a composite organization representative of interviewed customers integrated RingCentral MVP® (Message Video Phone™) and RingCentral Contact Center™ realized a return on investment (ROI.

New Independent Study Shows That Using RingCentral MVP And RingCentral Contact Center Together Help Customers Realize a ROI of 211% Over Three Years

A Hong Kong-based activist investor has taken sizable positions in both RingCental and 8X8. It's not clear why, but maybe a push to combine the two may be in the offing.

RingCentral and 8X8 Stock Are Soaring. An Activist Is on Board.

RingCentral Inc. shares RNG, +16.97% were rocketing more than 16% in Friday trading after Sylebra Capital Ltd. disclosed a 8.68% stake in the company and said that it plans to engage in strategic discussions with management.

RingCentral stock rockets after shareholder says it may push for a merger

BELMONT, Calif.--(BUSINESS WIRE)--RingCentral announces repurchase of approximately $461 million of 2025 notes.

RingCentral Announces Repurchase of Approximately $461 Million of 2025 Notes

LISBON, Portugal & BELMONT, Calif.--(BUSINESS WIRE)--Vodafone Portugal and RingCentral, Inc. (NYSE: RNG) today unveiled “One Net TeamCollaboration with RingCentral,” a powerful, integrated communications solution that brings together RingCentral's messaging and video collaboration capabilities with Vodafone's existing fixed and mobile voice communications functionality to the Portuguese market. The solution gives businesses of all sizes, particularly small-to-medium enterprises (SMEs), an agile.

Vodafone Portugal and RingCentral Launch New Communications and Collaboration Solution to Power Hybrid Work for Employees

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Upstart stock surges after an upbeat outlook and progress on funding, Topgolf offers disappointing guidance, and RingCentral delivers an earnings beat.

News for RingCentral Stock (RNG)