For the quarter ended March 2024, RingCentral (RNG) reported revenue of $584.21 million, up 9.5% over the same period last year. EPS came in at $0.87, compared to $0.76 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $577.81 million, representing a surprise of +1.11%. The company delivered an EPS surprise of +8.75%, with the consensus EPS estimate being $0.80.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how t ...

RingCentral (RNG) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.80 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.75%. A quarter ago, it was expected that this cloud-based phone system provider for small businesses would post earnings of $0.83 per share when it actually produced earnings of $0.86, delivering a surprise of 3.61%.O ...

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, 2024 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 _________________________________________________________ RingC ...

Exhibit 99.1 RingCentral Announces First Quarter 2024 Results First Quarter Financial Highlights "We had a solid start to the year, and exceeded the high end of our revenue and non-GAAP operating profit margin guidance," said Vlad Shmunis, RingCentral's Founder and CEO. "We also landed a 40,000 seat deal with a Fortune 500 retailer, which is the largest UCaaS win in our history. And in another first, I am especially proud of RingSense AI winning the Overall Best Award at Enterprise Connect in March. This is ...

Wall Street analysts expect RingCentral (RNG) to post quarterly earnings of $0.80 per share in its upcoming report, which indicates a year-over-year increase of 5.3%. Revenues are expected to be $577.81 million, up 8.3% from the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Prior to a company's earnings announcement, ...

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Ringcentral (RNG) is expanding its offerings in the realm of enterprise cloud communications through a multi-year partnership with the San Francisco Giants.As the newest enterprise cloud communication partner, RNG seeks to transform Giants’ business communication infrastructure to increase employee and fan engagement within the organization.Utilizing Ringcentral’s flagship solutions such as RingEX and Contact Center solution, the Giants anticipates enhanced collaboration among employees, substantial cost sa ...

Luis Alvarez/DigitalVision via Getty Images Overview My recommendation for RingCentral (NYSE:RNG) is a buy rating as the business continues to show signs of stabilization that I am looking out for. My view on the recent pullback in share price is that the market is wary about the soft FY24 guide, which I think is beatable based on historical trends plus an improving macro outlook. The upcoming catalyst that could improve stock sentiment is when RNG delivers positive growth inflection from its partnershi ...

It has been about a month since the last earnings report for RingCentral (RNG) . Shares have added about 14.3% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Ringcentral due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. RingCentral Q4 Earnings Top Estimates, Revenues ...

RingCentral (RNG) expanded its offerings in the Australian market through its recent partnership with Singtel Optus Pty Limited (Optus).The collaboration resulted in the launch of a co-branded, all-in-one, cost-effective and portable cloud-based phone solution known as Optus Loop with RingCentral.Leveraging RingCentral's robust and secure communication platform, this solution caters to businesses of all sizes in Australia, offering an agile and cost-effective cloud-based communication solution.With Optus Lo ...