RingCentral(US:RNG)2025-05-09 07:57Q1 2025 Financial Performance - Total revenue reached $612.1 million, a 5% year-over-year increase[8] - Subscription revenue was $590.1 million, up 6% year-over-year[73] - Operating margin was 21.8%, exceeding guidance[8] - Free cash flow was $130 million[8] - Debt paydown was $166 million[8] - Annualized Recurring Revenue (ARR) reached $2.532 billion, a 7% year-over-year increase[8,73] Strategic Growth & Innovation - The company is on track to achieve $100 million+ ARR from new products by the end of 2025[16] - GSPs represent >10% of ARR with double-digit growth[21] - There was a >30% year-over-year increase in MS Teams integration MAU[27] - Over 1000 customers are using AI Receptionist (AIR) as of May 7, 2025[39] FY2025 Guidance - The company projects total revenue growth of 4% to 6% year-over-year[74] - The company projects subscription revenue growth of 5% to 7% year-over-year[74] - Non-GAAP operating margin is expected to be approximately 22.5%[74] - Non-GAAP EPS is projected to be between $4.13 and $4.27[74] - Free cash flow is expected to be between $500 million and $510 million[74]