earnings
confidence high
sentiment positive
materiality 0.75
RingCentral Q1 beats guidance; raises FY2022 subscription revenue and margin outlook; appoints CFO and President
RingCentral, Inc.
2022-Q1 EPS reported
-$1.60
revenue$467,656,000
- Q1 revenue $468M (+33% YoY); subscriptions $440M (+35%); ARR $1.9B (+35%)
- GAAP net loss per share ($1.60); non-GAAP EPS $0.39, exceeding prior guidance high end
- Raised FY2022 subscription revenue guidance to $1.882-1.898B (from $1.87-1.89B)
- Raised non-GAAP operating margin to 11.5% (from 10.6%) and non-GAAP EPS to $1.83-$1.87 (from $1.69-$1.72)
- Appointed Sonalee Parekh as CFO and Mo Katibeh as President, effective immediately