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RingCentral Q2 revenue up 5.9% to $657M; raises FY guidance; dividend up 67%
Q2 total revenue $657M (+5.9% YoY); subscriptions $634M (+5.8% YoY); GAAP EPS $0.45, non-GAAP EPS $1.22 (both above guidance high end).
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RingCentral Q1 revenue $644M, record margins, raises FY2026 guidance
Q1 total revenue $644M (+5% YoY), subscriptions $623M (+6%), at high end of guidance.
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RingCentral Q4 revenue $644M (+5%), FY FCF record $530M; initiates $0.075 dividend, $500M buyback
Q4 GAAP EPS $0.26, non-GAAP EPS $1.18; FY GAAP EPS $0.48, non-GAAP EPS $4.36.
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RingCentral Q3 rev $639M (+5% YoY), non-GAAP EPS $1.13, raises FY FCF >$525M
Subscriptions revenue $616M (+6% YoY); total revenue at high end of guidance.
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RingCentral enters new $1.24B credit facility; $310M term loan drawn at closing
New $280M revolver, $310M term loan (fully drawn), and $650M delayed draw term loan (undrawn at close).
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RingCentral Q2 2025: revenue +5% YoY to $620M, GAAP net income $0.14/share, raises guidance
Subscriptions rev $599M (+6% YoY); GAAP op income $37M vs -$5M last year; non-GAAP EPS $1.06.
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RingCentral Q1 beats: revenue $612M, non-GAAP EPS $1.00, record FCF $130M; guides FY25 FCF ~$500M
Revenue $612M (+5% YoY); subscriptions $590M (+6% YoY); GAAP operating income $10M vs loss of $11M last year.
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RingCentral reports Q4 2024 revenue above guidance, record cash flow, and promotes Kira Makagon to President and COO
Q4 2024 revenue of $615M, up 8% YoY, beating guidance; subscriptions revenue $590M, up 8%.
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RingCentral Q3 revenue $609M (+9% YoY), first GAAP operating profit, raises FY guidance
Q3 revenue $609M (+9% YoY) above guidance; subscriptions $583M (+10% YoY).
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RingCentral CFO Sonalee Parekh resigns effective Sept 10; no guidance change
CFO Sonalee Parekh resigning effective September 10, 2024 to accept CFO role at another public company.
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RingCentral Q2 beats; raises FY revenue and FCF guidance; non-GAAP EPS $0.91
Total revenue $593M (+10% YoY); subscriptions $567M (+10%); non-GAAP EPS $0.91 vs $0.83.
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RingCentral Q1 revenue $584M (+9% YoY) beats guidance; raises FY revenue/FCF outlook; $250M buyback authorized
Total revenue $584M (+9% YoY); subscriptions $557M (+10%); ARR $2.37B (+10%).
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RingCentral Q4 rev $571M (+9%), non-GAAP EPS $0.86; FY24 rev outlook $2.37-2.40B
Q4 revenue $571M (+9% YoY); subscriptions $547M (+9%); ARR $2.33B (+11%).
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CEO Tarek Robbiati departs; founder Vlad Shmunis returns as CEO; Q4/FY guidance reiterated
Tarek Robbiati resigned as CEO and board member effective Dec 8, 2023; no disagreement cited.
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RingCentral Q3 revenue $558M, above guidance; raises FY revenue midpoint and free cash flow outlook
Q3 revenue $558M (+10% YoY); subscriptions revenue $531M (+10% YoY).
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RingCentral issues $400M senior notes at 8.5% due 2030; expands credit facility by $25M
Issued $400M aggregate principal of 8.500% senior notes due 2030 in a private placement.
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RingCentral prices $400M of 8.5% senior notes due 2030, proceeds to repay convertible notes
$400M aggregate principal of 8.500% Senior Notes due 2030 priced on August 11.
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RingCentral appoints Tarek Robbiati as CEO; Shmunis becomes Executive Chairman
Tarek Robbiati becomes CEO effective Aug 28, 2023; founder Vladimir Shmunis becomes Executive Chairman.
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RingCentral Q2 rev $539M (+11% YoY), record op margin 19.4%; CEO succession to HPE CFO
Q2 revenue $539M (+11% YoY); subscriptions rev $514M (+11%); ARR $2.22B (+12%).
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RingCentral Q1 beats guidance; raises FY revenue, margin, EPS outlook
Q1 revenue $534M (+14% YoY), subscriptions revenue $508M (+16% YoY), ARR $2.16B (+14% YoY).
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RingCentral Q4 revenue $525M (+17% YoY), record non-GAAP op margin 14%; FY23 guide
Q4 revenue $525M (+17% YoY); subscriptions $502M (+19%); ARR $2.10B (+17%).
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RingCentral expects ~$160M impairment on Avaya prepaid commissions; $28.9M Avaya preferred stock write-down
Non-cash impairment of up to $160M on prepaid sales commissions to Avaya, plus $28.9M write-down of Avaya preferred stock.
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RingCentral Reports Q3 2022 Results and Announces 10% Workforce Reduction
Q3 total revenue rose 23% YoY to $509M; subscriptions revenue up 25% to $483M.
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RingCentral Q2 revenue $487M (+28% YoY), beats guidance; raises 2022 non-GAAP op margin to 12%
Total revenue $487M (+28% YoY); subscriptions revenue $463M (+32% YoY).
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RingCentral Q1 beats guidance; raises FY2022 subscription revenue and margin outlook; appoints CFO and President
Q1 revenue $468M (+33% YoY); subscriptions $440M (+35%); ARR $1.9B (+35%)
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RingCentral appoints Sonalee Parekh as CFO, Mo Katibeh as President
Sonalee Parekh to join as CFO by May 31, 2022; base salary $500k, MBO bonus 100% quarterly base.
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RingCentral Q4 revenue $448M (+34% YoY), ARR $1.8B; FY2022 guide $1.99-2.015B
Q4 revenue $448M (+34% YoY); subscriptions $420M (+37% YoY).
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RingCentral authorizes $100M share repurchase program
Board authorized repurchase of up to $100M of Class A common stock.
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RingCentral President/COO Eswaran resigns; Agarwal interim CFO; reaffirms FY21 revenue guidance $1.58-$1.581B
Anand Eswaran resigns as President and COO, effective immediately; will serve as advisor through Dec 2021 to transition responsibilities.
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RingCentral acquires Mitel CloudLink IP for $650M, becomes exclusive UCaaS partner; Searchlight invests $200M
RingCentral pays $650M ($300M cash, ~$300M stock, up to $50M holdback) for CloudLink and MiCloud Connect IP from Mitel.
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RingCentral Q3 revenue $415M (+37% YoY), raises FY21 guidance; CFO Dhruv to step down Dec 31
Q3 revenue $415M (+37% YoY), subscriptions $385M (+38%). GAAP EPS -$1.60; non-GAAP EPS $0.36 vs $0.26.
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RingCentral Q2 revenue $379M (+36% YoY), raises full-year guidance above prior forecast
Revenue $379M (+36% YoY); subscriptions revenue $351M (+37% YoY) accounted for 93% of total.