RingCentral(RNG) - 2021 Q1 - Earnings Call Presentation

Financial Performance - Q1 2021 - Subscriptions revenue reached $325 million, a 34% year-over-year increase[13] - Total revenue amounted to $352 million, reflecting a 32% year-over-year growth[13] - Total ARR (Annual Recurring Revenue) reached $1407 million, up 37% year-over-year[13] - RingCentral Office ARR (UCaaS + CCaaS) grew by 40% year-over-year to $1322 million[10, 13] - Non-GAAP operating margin was 92%, exceeding the guidance of 86%-88%[22] Enterprise and Partner Growth - Enterprise ARR surpassed $500 million, showing a 62% year-over-year increase[11] - Direct and Partners Office ARR increased by 33% year-over-year to $817 million[10, 13] - Channel ARR increased by 53% year-over-year to $505 million[13] Guidance - The company raised FY 2021 subscriptions revenue guidance to $1388 billion - $1396 billion, representing a 28%-29% year-over-year growth[27] - The company raised FY 2021 total revenue guidance to $1500 billion - $1510 billion, representing a 27%-28% year-over-year growth[27] - Q2 2021 subscriptions revenue is guided to be $332 million - $334 million, representing a 29%-30% year-over-year growth[28]