earnings
confidence high
sentiment positive
materiality 0.80
RingCentral Q3 revenue $609M (+9% YoY), first GAAP operating profit, raises FY guidance
RingCentral, Inc.
2024-Q3 EPS reported
-$0.55
revenue$1,785,883,000
- Q3 revenue $609M (+9% YoY) above guidance; subscriptions $583M (+10% YoY).
- GAAP operating income $3M (first positive) vs loss of $54M a year ago; non-GAAP EPS $0.95 vs $0.78.
- Free cash flow $105M (+51% YoY); FY FCF guidance raised to $400-405M.
- Full-year revenue guidance raised to $2.397-2.399B; non-GAAP EPS raised to $3.69.
- Appointed Abhey Lamba as CFO; SBC lowered to $350-355M.