RingCentral(RNG) - 2023 Q1 - Earnings Call Presentation

Financial Performance & Guidance - Q1 2023 total revenue reached $534 million, a 14% year-over-year increase [4] - Annualized Recurring Revenue (ARR) grew by 14% year-over-year to $22 billion [4] - The company achieved a record non-GAAP operating margin of 172%, up 680 bps year-over-year [4] - For Q2 2023, the company projects subscriptions revenue between $511 million and $513 million, representing a 10%-11% year-over-year growth [33] - The company anticipates a non-GAAP operating margin of 175% for Q2 2023 [33,49] - The company forecasts non-GAAP EPS to be between $074 and $076 for Q2 2023 [33,49] - The company projects a non-GAAP tax rate of 225% [33] - For fiscal year 2023, the company expects a non-GAAP operating margin of at least 185% [27,71] Product Innovation - The company is introducing a new RingSense AI Platform to improve productivity through automated summaries and customer follow-ups [7] - The company is launching RingCentral for Frontline Workers, offering features like push-to-talk functionality, mobile camera sharing, and live transcriptions [8] - The company is releasing RingCentral for Teams 20, which brings RingCentral's reliability and features to Microsoft Teams [12] - The company is introducing RingCentral Overlay, which unifies experience across desktop and mobile [15]