RingCentral Announces First Quarter 2024 Results
RingCentral, Inc. Class A (RNG)
Last ringcentral, inc. class a earnings: 2/10 04:05 pm
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ir.ringcentral.com
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Source: Business Wire
Q1 2024 key metrics above high end of guidanceRaising 2024 revenue outlookShare repurchase authorization increased by $250 million BELMONT, Calif.--(BUSINESS WIRE)--RingCentral, Inc. (NYSE: RNG), a leading provider of AI-driven cloud business communications, contact center, video, and hybrid event solutions, today announced financial results for the first quarter ended March 31, 2024.First Quarter Financial HighlightsTotal revenue increased 9% year-over-year to $584 million.Subscriptions revenue increased 10% year-over-year to $557 million.Annualized Exit Monthly Recurring Subscriptions (ARR) increased 10% year over year to $2.37 billion.Mid-market and Enterprise ARR increased 11% year over year to $1.48 billion.Enterprise ARR increased 13% year over year to $1.02 billion.GAAP operating margin of (1.9%), compared to (10.2%) in the prior year.Non-GAAP operating margin of 20.7%, up 350 basis points year-over-year.“We had a solid start to the year, and exceeded the high end of our rev
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- Vodafone Business Ireland and RingCentral Unveil Innovative Hybrid Work Solution, Facilitating Seamless Collaboration Across Devices and LocationsBusiness Wire
- Avaya and RingCentral Expand Strategic Partnership with AI-Powered Communications and Collaboration Experiences [Yahoo! Finance]Yahoo! Finance
- Avaya and RingCentral Expand Strategic Partnership with AI-Powered Communications and Collaboration ExperiencesBusiness Wire
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Earnings
- 5/7/24 - Beat
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Sec Filings
- 5/16/24 - Form 144
- 5/7/24 - Form 10-Q
- 5/7/24 - Form 8-K
- RNG's page on the SEC website