earnings
confidence high
sentiment positive
materiality 0.80
RingCentral Q2 revenue $487M (+28% YoY), beats guidance; raises 2022 non-GAAP op margin to 12%
RingCentral, Inc.
2022-Q2 EPS reported
-$3.27
revenue$954,552,000
- Total revenue $487M (+28% YoY); subscriptions revenue $463M (+32% YoY).
- GAAP net loss per share ($1.68); non-GAAP diluted EPS $0.45 vs $0.32 YoY.
- Q2 ARR grew 31% YoY to $2.0B; mid-market/enterprise ARR up 38% to $1.2B.
- Maintains FY 2022 subscription revenue guidance $1.882–$1.898B; raises non-GAAP op margin to 12.0%.
- Record non-GAAP op margin; non-GAAP free cash flow $29M (6.0% of revenue, up 220 bps YoY).