earnings
confidence high
sentiment positive
materiality 0.75
RingCentral Q2 revenue $379M (+36% YoY), raises full-year guidance above prior forecast
RingCentral, Inc.
2021-Q2 EPS reported
-$1.22
revenue$731,629,000
- Revenue $379M (+36% YoY); subscriptions revenue $351M (+37% YoY) accounted for 93% of total.
- GAAP net loss per share ($1.22) vs $0.01 profit YoY; non-GAAP EPS $0.32 vs $0.24 YoY.
- RingCentral Office ARR $1.4B (+41% YoY); total ARR $1.5B (+37% YoY).
- Raised FY2021 total revenue guidance to $1.539-1.545B (prior $1.500-1.510B); non-GAAP EPS to $1.28-1.30.
- New partnerships with Verizon Business, NICE (expanded), Deutsche Telekom, and Avaya enhancements announced.