RingCentral Q3 revenue $558M, above guidance; raises FY revenue midpoint and free cash flow outlook

RingCentral, Inc.

2023-Q3 EPS reported -$1.24 revenue$1,631,158,000

Q3 revenue $558M (+10% YoY); subscriptions revenue $531M (+10% YoY).
Non-GAAP EPS $0.78 vs $0.55 YoY; GAAP net loss per share ($0.45) vs ($2.98).
Non-GAAP operating margin 19.1%, up 560 bps YoY; Adjusted EBITDA $128M (22.9% of revenue).
Raising FY 2023 subscriptions revenue midpoint to $2.098B (11% growth).
Raising adjusted unlevered free cash flow outlook to $290-300M from $270-290M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RingCentral, Inc. reported the third quarter ended September 30, 2023 results: revenue $558 million, EPS ($0.45). Guidance raised.

Period: the third quarter ended September 30, 2023
Revenue: $558 million
EPS: ($0.45)
Guidance: raised
Result: reported results

Exact text from the filing

Total revenue increased 10% year over year to $558 million.

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RingCentral, Inc. filing history →

Source: SEC EDGAR

accession 0001384905-23-000050

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