secwatch.observer — SEC 8-K summary
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Issuer:     RingCentral, Inc. (RNG)
CIK:        0001384905
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001384905-23-000050
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1384905/000138490523000050/0001384905-23-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1384905/000138490523000050/rng-20231106.htm
  HTML page:      https://secwatch.observer/filing/0001384905-23-000050

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