Financial Data and Key Metrics Changes - Total revenue grew 5% year over year to $620 million, at the high end of guidance [31][8] - Subscription revenue increased 6% to approximately $600 million, and ARR rose 7% to approximately $2.6 billion [31][32] - Non-GAAP EPS grew 16% to $1.06 per diluted share, with operating margin at 22.6%, up 160 basis points year over year [33][32] - Free cash flow reached $144 million, up 33% year over year, with free cash flow per share at $1.57, up 37% year over year [34][35] Business Line Data and Key Metrics Changes - Strong execution in core business and new product portfolio, including AI receptionist and cloud contact center, contributed to growth [9][12] - AI products are gaining traction, with double-digit growth quarter over quarter [16][79] - AIR (AI receptionist) is now used by over 3,000 customers, tripling since the last earnings report [20][21] Market Data and Key Metrics Changes - Small business customers and global service providers (GSPs) are driving above-market growth, with a billion-dollar plus ARR business growing in double digits [13][31] - The company secured significant wins with large enterprises, including Ryanair and a top 10 European bank [14][73] Company Strategy and Development Direction - The company is focused on accelerating innovation while delivering sustainable profitable growth [8][9] - A multi-year extension of partnerships with NICE and AT&T is expected to enhance market opportunities [6][7] - Investment in AI is a priority, with over $250 million annually dedicated to innovation [12][90] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's position in the AI-driven market, highlighting the importance of voice as a communication channel [10][11] - The company is well-positioned to leverage AI in customer interactions, with a robust global platform [11][28] - Future guidance includes raising free cash flow outlook to $515 million to $520 million, reflecting confidence in ongoing performance [37][39] Other Important Information - The board approved an increase in stock repurchase authorization to $500 million [10][36] - The company is committed to reducing stock-based compensation, with expectations for SBC to trend lower over time [38][62] Q&A Session Summary Question: Can you provide additional color on the renewed agreement with NICE? - The agreement is an extension of a long-standing partnership, continuing to integrate UCaaS and CCaaS capabilities [45][46] Question: What is driving new product traction at RingCentral? - Strong demand for AI integration in workflows is driving new product traction, with significant growth in AI products [51][52] Question: How sustainable is the free cash flow generation? - Free cash flow has increased significantly over the past three years, with expectations for continued growth due to operating leverage and cost discipline [55][56] Question: Can you discuss the capital allocation strategy going forward? - The strategy includes debt repayment, stock buybacks, and continued investment in innovation [90][88] Question: How are the extensions with NICE and AT&T viewed in terms of strategic shifts? - These extensions are seen as reaffirmations of existing strategies rather than shifts, with potential for new product opportunities [96][97]

在"双碳"战略驱动下，新能源产业迎来发展黄金期。据福州海关统计，2025年上半年，福建省出口电动 汽车2.9万辆、同比(下同)增加50.7%，价值40.3亿元、增长59.3%。其中，对共建"一带一路"国家出口 35.5亿元，增长56.2%，占同期福建省电动汽车出口总值的88.1%。 "海关量身定制通关方案，让出口流程更高效、更透明，尤其是原产地证书智能审核、自助打印等便利 化措施，大幅缩短了通关时间，帮助我们在国际竞争中抢占先机。"李伟宾说。今年上半年，该公司电 动汽车出口量同比增长25%。 民营企业引领福建省电动汽车出口增长。上半年，福建省民营企业出口电动汽车28.9亿元，增长 75.5%，增速高于整体16.2个百分点，占同期福建省电动汽车出口总值的71.7%。同时，自主品牌加 速"出海"为福建省电动汽车出口增长持续赋能。上半年，福建省自主品牌汽车出口24.7亿元，增长 65.3%，占比达61.2%。 走进云度新能源汽车有限公司(以下简称"云度公司")生产车间，机械手臂精准抓取配件进行焊接，各项 工序有条不紊。"现在生产的是出口以色列的订单，今年要交付1000台。"该公司综合管理部总监李伟宾 介绍。该公司抢 ...