Summary of RingCentral (RNG) 2025 Conference Call Company Overview - RingCentral is a leader in cloud-based business communications, with a revenue of half a billion dollars and over half a billion dollars in annual free cash flow [6][14][22] - The company has transitioned into a multiproduct portfolio, adding AI-driven products and a contact center solution called Ring CX for the SMB market [8][10] Core Industry Insights - The enterprise communications market is estimated to be around $100 billion, with RingCentral holding a 20% share in cloud telephony [12][14] - The contact center market is smaller but growing faster, especially with the integration of AI technologies [16][20] - Voice remains the primary means of communication for consumers, presenting significant opportunities for RingCentral [19] Product Development and AI Integration - RingCentral has introduced several AI-led products, including RingCentral Air (AI receptionist) and AI assistants for calls, enhancing customer interactions [9][10][22] - The company aims to achieve a run rate of $100 million in annual recurring revenue (ARR) from its new AI products by the end of the year [22] Competitive Landscape - RingCentral is positioned as a disruptor in the contact center industry, leveraging its PBX capabilities to differentiate from competitors like Zoom and NICE [24][60] - The company maintains a strong market share, with competitors like Zoom and Microsoft having smaller bases in terms of paying seats [56][58] Partnerships and Market Strategy - RingCentral has over 16,000 channel partners, with significant relationships with global service providers like AT&T, which is refocusing on the SMB market [42][44] - The company sees small businesses as a critical market segment, representing over 40% of the economy [44] Financial Health and Future Outlook - RingCentral plans to reduce gross debt to under $1 billion by the end of next year while investing heavily in R&D [69][70] - The company is considering various options for returning capital to shareholders, including share buybacks and potential dividends [75][77] Key Takeaways - RingCentral is well-positioned to capitalize on the growing demand for AI-driven communication solutions in the SMB market [30][32] - The company is focused on maintaining its market share while expanding its product offerings to address evolving customer needs [29][60] - Future growth will be supported by strategic partnerships and a commitment to innovation in the cloud communications space [46][50]

RingCentral (RNG) reported that in the first quarter of 2025, non-GAAP earnings were $1 per share, surpassing the Zacks Consensus Estimate by 4.17% and increasing 14.9% year over year.Total revenues of $612.1 million beat the consensus mark by 0.22% and increased 4.8% year over year. RingCentral’s steady top-line growth has been driven by the continued expansion of its high-margin subscription business and the growing adoption of artificial intelligence-driven solutions.Following a strong first-quarter 2025 ...

Actual results and trends in the future may differ materially from those suggested or implied by the forward-looking statements depending on a variety of factors including those that are described in greater detail in our most recent Form 10-K filed with the Securities and Exchange Commission, and in our other filings with the Securities and Exchange Commission from time to time. All future written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified ...

For the quarter ended March 2025, RingCentral (RNG) reported revenue of $612.06 million, up 4.8% over the same period last year. EPS came in at $1.00, compared to $0.87 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $610.74 million, representing a surprise of +0.22%. The company delivered an EPS surprise of +4.17%, with the consensus EPS estimate being $0.96.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________________________ FORM 10-Q _________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36089 _____ ...

RingCentral (RNG) came out with quarterly earnings of $1 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $0.87 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.17%. A quarter ago, it was expected that this cloud-based phone system provider for small businesses would post earnings of $0.96 per share when it actually produced earnings of $0.98, delivering a surprise of 2.08%.Over ...

RingCentral (RNG) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Vaibhav Agarwal - Chief Transformation Officer and Deputy CFOVlad Shmunis - Founder, Chairman and Chief Executive OfficerKira Makagon - President & Chief Operating OfficerAbhey Lamba - Chief Financial OfficerBilly Fitzsimmons - VP - Equity ResearchPeter Levine - Managing DirectorJessica Wang - Equity Research Associate Conference Call Participants Meta Marshall - AnalystKash Rangan - AnalystCatharine Trebnick - Senior Rese ...

RingCentral (RNG) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Good day, and welcome to the RingCentral First Quarter twenty twenty five Earnings Conference Call. All participants will be in listen only mode. After today's presentation, there will be an opportunity to ask questions. Please also note, today's event is being recorded. I would now like to turn the conference over to Vaibhav Agarwal, Deputy CFO for RingCentral. Please go ahead. Speaker1 Thank you. Good afternoon, and welcome to RingC ...

Financial Performance - Total revenue for Q1 2025 was $612 million, representing a 5% year-over-year growth from $584 million in Q1 2024[3] - Subscription revenue was $590 million, accounting for 96% of total revenue, with a 6% year-over-year increase[3] - GAAP operating income was $10 million, compared to a loss of ($11) million in the same period last year[3] - Non-GAAP operating income was $133 million, or 21.8% of total revenue, up from $121 million, or 20.7% of total revenue, year-over-year[3] - Adjusted EBITDA for Q1 2025 was $155 million, or 25.3% of total revenue, compared to $143 million, or 24.4% of total revenue, in the same period last year[3] - Total revenues for Q1 2025 were $612,056,000, an increase of 4.8% compared to $584,211,000 in Q1 2024[27] - Subscription revenues reached $590,112,000, up from $557,487,000, reflecting a growth of 5.8% year-over-year[27] - Non-GAAP net income for Q1 2025 was $92.791 million, compared to $83.734 million in Q1 2024, reflecting a 10.4% year-over-year growth[33] - Non-GAAP free cash flow for Q1 2025 was $130.176 million, significantly up from $76.685 million in Q1 2024, representing a 69.9% increase[34] - Non-GAAP operating margin improved to 21.8% in Q1 2025, compared to 20.7% in Q1 2024[31] - GAAP net loss for Q1 2025 was $10.328 million, an improvement from a loss of $28.494 million in Q1 2024[33] Cash Flow and Debt Management - Free cash flow for Q1 2025 was $130 million, or 21.3% of total revenue, compared to $77 million in Q1 2024[5] - The company reduced debt by $166 million and plans to achieve approximately $600 million in operating cash flow for 2025[2] - Cash and cash equivalents decreased to $154,436,000 from $242,811,000 at the end of Q4 2024, a decline of 36.4%[25] - The total liabilities decreased to $1,973,340,000 from $2,131,343,000, a reduction of 7.4%[25] - The company reported a net cash provided by operating activities of $149,662,000, an increase from $96,094,000 in the prior year[29] Customer Metrics and Product Performance - The company achieved over $2.5 billion in Annual Recurring Revenue (ARR) and has over 1,000 paying customers for both RingCX and AI Receptionist (AIR)[1][2] - RingCentral's AI Receptionist (AIR) is generating significant customer interest, with over 1,000 activated customers and notable efficiency improvements reported[2][5] - The Net Monthly Subscription Dollar Retention Rate was not explicitly stated, but the company defines it as a key metric for subscription revenue growth[21] Guidance and Future Outlook - Full year 2025 guidance includes total revenue growth of 4% to 6% and non-GAAP EPS range of $4.13 to $4.27[5] - The forecast for Q2 2025 indicates a non-GAAP operating margin range of 22.0% to 22.5%[35] - The company expects non-GAAP free cash flow for FY 2025 to be between $500 million and $510 million[35] Operating Expenses and R&D - Operating expenses totaled $421,266,000, slightly down from $424,631,000 in Q1 2024, showing cost management efforts[27] - The company continues to invest in research and development, with expenses of $81,983,000 in Q1 2025, compared to $80,528,000 in Q1 2024[27] - Research and development expenses as a percentage of total revenues were 10.1% in Q1 2025, slightly up from 9.9% in Q1 2024[31] Profitability Metrics - The company reported a gross profit of $431,606,000, compared to $413,732,000 in the same quarter last year, indicating a gross margin improvement[27] - The company reported a gross profit margin of 76.9% for Q1 2025, down from 78.2% in Q1 2024[31]

RingCentral (RNG) is scheduled to report first-quarter 2025 results on May 8.RNG expects total revenues between $607 million and $612 million for the first quarter, indicating year-over-year growth of 4-5% on a reported and constant-currency basis. Non-GAAP earnings are expected to be 93-97 cents per share for the first quarter of 2025.The Zacks Consensus Estimate for first-quarter 2025 revenues is pegged at $610.74 million, suggesting 4.54% growth over the figure reported in the year-ago quarter.The consen ...