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 RingCentral Unveils RingWEM - an AI Powered Workforce Engagement Management Suite
 Businesswire· 2025-11-03 21:16
BELMONT, Calif.--(BUSINESS WIRE)---- $rng #AI--RingCentral announces RingWEM, an AI Powered Workforce Engagement Management Suite. ...
 RingCentral Announces Third Quarter 2025 Financial Results
 Businesswire· 2025-11-03 21:13
 Core Insights - RingCentral reported strong financial results for Q3 2025, with total revenue reaching $639 million, a 5% increase year-over-year, and subscriptions revenue of $616 million, up 6% year-over-year [5][6][9] - The company achieved record operating margins, with a GAAP operating margin of 4.8% compared to 0.5% in the prior year, and a non-GAAP operating margin of 22.8%, up 180 basis points year-over-year [5][6] - Free cash flow for the quarter was $130 million, representing a 23% increase year-over-year, and the company raised its free cash flow outlook for 2025 to over $525 million [5][9]   Financial Performance - Total revenue for Q3 2025 was $639 million, up from $609 million in Q3 2024, marking a 5% year-over-year growth [6] - Subscriptions revenue accounted for 96% of total revenue, increasing 6% year-over-year [5][6] - GAAP net income margin improved to 2.7%, compared to a loss of (1.3)% in the prior year [5][6] - The company generated net cash from operating activities of $151 million, a 19% increase year-over-year [5][9]   Product and Market Developments - RingCentral is focusing on AI-powered business communications, with its AI-led product portfolio approaching $100 million in annual recurring revenue (ARR) [3] - New AI products announced include AI Receptionist (AIR), AI Virtual Assistant (AVA), and AI Conversation Expert (ACE), aimed at enhancing business-to-consumer interactions [3][7] - The company was recognized as a Leader in the 2025 Gartner Magic Quadrant for Unified Communications as a Service, marking its eleventh consecutive year in the Leaders quadrant [7]   Strategic Initiatives - RingCentral expanded its partnership with AT&T, which began offering AIR to its customers, emphasizing the commitment to AI-powered communications [7] - The company announced an expanded credit facility totaling $1.26 billion, with $955 million remaining undrawn, primarily to address $609 million in Convertible Notes due in March 2026 [7] - The company plans to host an Investor Product Briefing Day on November 5th to discuss its AI strategy and product vision [11]