secwatch.observer — SEC 8-K summary
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Issuer:     RingCentral, Inc. (RNG)
CIK:        0001384905
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0001384905-23-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.02, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RingCentral Q4 revenue $525M (+17% YoY), record non-GAAP op margin 14%; FY23 guide
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- Q4 revenue $525M (+17% YoY); subscriptions $502M (+19%); ARR $2.10B (+17%).
- GAAP operating loss $256M (non-cash Avaya charge); non-GAAP op income $73M, margin 14.0% record.
- Non-GAAP EPS $0.60 vs $0.39 YoY; FY22 non-GAAP EPS $1.99 vs $1.34.
- New $600M 5-year credit facility ($400M term loan + $200M revolver) to retire convertible debt.
- FY23 guidance: subscriptions rev $2.08-2.10B (+10-11%); non-GAAP op margin at least 18%; non-GAAP EPS $3.04-$3.10.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1384905/000138490523000009/0001384905-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1384905/000138490523000009/rng-20230214.htm
  HTML page:      https://secwatch.observer/filing/0001384905-23-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer