December 13, 2023
RingCentral Announces Repurchase of Approximately $253 Million of Convertible Notes
RingCentral, Inc. (“RingCentral” or the “Company”) (NYSE: RNG), a leading provider of AI-first global enterprise cloud communications, video, webinars, hybrid events, and contact center solutions, today announced that it has entered into individual, privately negotiated repurchase transactions (the “Note Repurchases”) with certain holders of the Company’s 0% Convertible Senior Notes due 2025 (the “2025 Convertible Notes”). Pursuant to the Note Repurchases, the Company will pay approximately $240 million in cash to repurchase approximately $253 million aggregate principal amount of the 2025 Convertible Notes, using the proceeds received from the Company’s previously announced issuance of its 8.500% Senior Notes due 2030 (the “2030 Notes”). The Note Repurchases are aligned with the Company’s previous announcement that it intends to use the net proceeds from the issuance of the 2030 Notes to repurchase and/or repay a portion of its outstanding convertible notes. The Company anticipates
December 11, 2023
RingCentral Announces Return of Vlad Shmunis as CEO
Reiterates Fourth Quarter and Full Year 2023 Guidance RingCentral, Inc. (NYSE: RNG), a leading provider of AI-first global enterprise cloud communications, video, webinars, hybrid events, and contact center solutions, today announced that Tarek Robbiati and RingCentral mutually agreed that Robbiati would separate from the company and resign from the Board of Directors, effective December 8, 2023. Robbiati’s resignation is not a result of any disagreement with the Company or the Board, or any matter relating to the Company’s operations, policies, or practices. Vlad Shmunis, RingCentral’s founder and Executive Chairman of the Board, has returned to his full-time role as Chief Executive Officer. Shmunis will remain Chairman of the Board. Rob Theis, Lead Independent Director of RingCentral, said, “RingCentral’s strategic product vision and operations are closely linked, and we determined it is best to have one leader with oversight for all aspects of the organization. As RingCentral’s
December 5, 2023
RingCentral Named a Leader in the 2023 Gartner® Magic Quadrant™ for Unified Communications as a Service, Worldwide Report for Ninth Year in a Row
RingCentral, Inc. (NYSE:RNG), a leading provider of AI-first global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced that Gartner has recognized RingCentral as a Leader in the 2023 Magic Quadrant for Unified Communications as a Service (UCaaS), Worldwide report , making this RingCentral’s ninth year in a row being named to the Leaders quadrant. “Enterprise communications continues to be a rapidly evolving market, particularly with innovations in AI advancing capabilities across industries and job functions, including healthcare, sales, contact centers, and overall employee workflows,” said Kira Makagon, Chief Innovation Officer, RingCentral. “We believe RingCentral’s AI-first communications platform for messaging, video, phone, and contact center will continue to disrupt the market and drive optimal productivity and efficiency for businesses around the globe. We are truly proud to be recognized once again by Gartner as a
November 17, 2023
RingCentral to Present at Upcoming Investor Conferences
RingCentral, Inc. (NYSE: RNG), a leading provider of AI-first global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced that members of its management team are scheduled to present at the following investor conferences: UBS Global Technology Conference Date: Tuesday, November 28, 2023
Time: 10:55 a.m. EST (7:55 a.m. PST) BofA Securities 2023 Leveraged Finance Conference Date: Wednesday, November 29, 2023
Time: 8:10 a.m. EST (5:10 a.m. PST) Raymond James TMT and Consumer Conference Date: Wednesday, December 6, 2023
Time: 10:20 a.m. EST (7:20 a.m. PST) Barclays Global Technology Conference Date: Thursday, December 7, 2023
Time: 11:40 a.m. EST (8:40 a.m. PST) A live webcast will be accessible on the Company’s investor relations website at ir.ringcentral.com . About RingCentral RingCentral is a leading global provider of cloud-based business communications and collaboration solutions that seamlessly combine
November 14, 2023
RingCentral Introduces RingCentral Events for Virtual, Onsite, and Hybrid Events
Highly personalized and smarter event experiences Unlimited events at one low price Scales to over 100,000 attendees per event RingCentral, Inc. (NYSE: RNG), a leading provider of AI-first global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced the global availability of RingCentral Events ™, an all-in-one solution for virtual, onsite, and hybrid event needs. Formerly Hopin Events, RingCentral Events is designed to be immersive and personalized, enabling businesses to provide engaging experiences that take events to the next level. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231114717546/en/ “The world of events has dramatically changed over the past few years, and businesses have an opportunity to approach events in new and inventive ways that deliver unprecedented levels of engagement,” said Kristen Koenig, Head of Channel and Business Partnerships,
November 14, 2023
RingCentral Announces General Availability of RingCX, a Natively Built AI-first Contact Center that is Simple to Use and Easy to Deploy
AI-infused before, during, and after interaction experiences Disruptive combination of product, packaging, and pricing Built by RingCentral, with native integration to RingCentral’s flagship MVP product RingCentral, Inc. (NYSE: RNG), a leading provider of AI-first global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced the general availability of RingCX ™, a native, AI-first contact center with new capabilities powered by its RingSense™ AI platform. Integrated with RingCentral MVP ™, RingCX offers a disruptive combination of product, packaging, and pricing. During controlled availability, there have been more than 50 customers who have selected RingCX, including a 1,000 plus seat win from a Fortune 500 company. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231114647998/en/ RingCX offers: AI-first: Leveraging the latest advances in generative AI, RingCX helps
November 6, 2023
RingCentral Announces Third Quarter 2023 Results
Q3 2023 revenue above high end of guidance Q3 2023 GAAP and non-GAAP operating margin up strongly Raising midpoint of 2023 revenue outlook RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced financial results for the third quarter ended September 30, 2023. Third Quarter Financial Highlights Total revenue increased 10% year over year to $558 million. Subscriptions revenue increased 10% year over year to $531 million. Annualized Exit Monthly Recurring Subscriptions (ARR) increased 11% year over year to $2.26 billion. Mid-market and Enterprise ARR increased 13% year over year to $1.41 billion. GAAP operating margin of (9.7%), compared to (35.9%) in the prior year. Non-GAAP operating margin of 19.1%, up 560 basis points year-over-year. “RingCentral is leveraging its leading position in Unified Communications to transform into an AI-first, multi-product company
October 30, 2023
Vodafone and RingCentral Deliver New Cloud Solution in Spain to Enable Flexible Ways of Working
'One Net Unite con RingCentral' will enable more direct and efficient contact within companies through a solution that combines collaboration capabilities and national fixed-mobile voice communications After having launched the solution in countries including the United Kingdom, Germany, Italy, and Portugal, it arrives in Spain integrated with Vodafone's One Net platform Vodafone Business and RingCentral Inc. (NYSE:RNG) today unveiled 'One Net Unite con RingCentral' . This solution will provide business customers greater flexibility and simplicity in the way they work, bringing innovative and efficient features that will facilitate work collaboration and remote working. ‘One Net Unite con RingCentral’ is now available for businesses of all sizes in Spain. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231030065862/en/ The new solution responds to the hybrid and remote work needs of organizations. Through an agile, reliable
October 11, 2023
RingCentral Announces Date of Third Quarter 2023 Financial Results Conference Call
RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced that it will report financial results for the third quarter ended September 30, 2023 after market close on Monday, November 6, 2023. The company also announced that it will hold a conference call on the same day at 2:00 PM Pacific Time (5:00 PM Eastern Time) to discuss its quarterly financial results. The conference call can be accessed by dialing 1-888-349-0093 from the United States or 1-412-317-5201 internationally with reference to the company name and conference title. Following the completion of the call through 11:59 PM Eastern Time on November 13, 2023, a telephone replay will also be available by dialing 1-844-512-2921 from the United States or 1-412-317-6671 internationally with recording access code 10183256. A live webcast and replay of the conference call can also be accessed from the company’s
September 12, 2023
RingCentral Confirms NFP Has Selected Its Cloud Communications Solutions to Power Employee and Customer Engagement
RingCentral’s advanced cloud telephony capabilities, integration with Microsoft Teams, and 99.999% uptime were key deciding factors RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced that NFP has selected RingCentral MVP® (Message Video Phone™) and RingCentral Contact Center™ to power employee and customer engagement. NFP is a leading property and casualty broker, benefits consultant, wealth manager and retirement plan advisor. Working closely with John Alexander Consulting (JAC), a carrier and cloud-neutral consulting firm, NFP conducted a search to select a secure and integrated communications solution to enable greater mobility for its employees and a best-in-class experience for its customers. To date, NFP has migrated more than 8,000 employees to the RingCentral MVP solution from across the United States, Canada, and EMEA, and more than 600 agents to
August 31, 2023
Republic Airways Selects RingCentral to Power Communications for Aviation Professionals
Improved Employee Communications and Microsoft Teams Integration Were Key Deciding Factors RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced Republic Airways , one of the largest regional airlines in the U.S. that operates through its partners’ brands – American Eagle, Delta Connection, and United Express – has selected RingCentral MVP® (Message Video Phone™) and RingCentral Contact Center™ to power more effective employee communications. With an employee base of over 6,000 aviation professionals, Republic Airways’ existing on-premise phone system could no longer keep up with the company’s increasing internal and external communications demands. To accelerate the company’s migration to the cloud, improve workflows, and enable real-time communication between its flight staff and operations center, the company chose RingCentral’s integrated cloud
August 24, 2023
RingCentral Announces Repurchase of Approximately $171 Million of Convertible Notes
RingCentral, Inc. (“RingCentral” or the “Company”) (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced that it has entered into individual, privately negotiated repurchase transactions (the “Note Repurchases”) with certain holders of the Company’s 0% Convertible Senior Notes due 2025 (the “2025 Convertible Notes”) and 0% Convertible Senior Notes due 2026 (the “2026 Convertible Notes”). Pursuant to the Note Repurchases, the Company will pay approximately $122 million and $35 million in cash to repurchase approximately $130 million and $41 million aggregate principal amount of the 2025 Convertible Notes and 2026 Convertible Notes, respectively. The Note Repurchases will be funded using proceeds received from the Company’s previously announced issuance of its 8.500% Senior Notes due 2030 (the “2030 Notes”), which closed on August 16, 2023. The Note Repurchases are aligned with
August 23, 2023
RingCentral to Present at Upcoming Investor Conference
RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced that members of its management team are scheduled to present at the following investor conference: Goldman Sachs Communacopia + Technology Conference Date: Tuesday, September 5, 2023
Time: 9:30 a.m. Pacific Time (12:30 p.m. Eastern Time) A live webcast will be accessible on the Company’s investor relations website at ir.ringcentral.com . About RingCentral RingCentral is a leading global provider of cloud-based business communications and collaboration solutions that seamlessly combine phone, messaging, video meetings, and contact center. RingCentral empowers customers with AI-powered conversation intelligence that unlocks insights from their interaction data to accelerate business outcomes. With decades of expertise in reliable and secure cloud communications, RingCentral has earned the trust of
August 11, 2023
RingCentral Announces Pricing of $400 Million of Senior Unsecured Notes Due 2030
RingCentral, Inc. (“RingCentral” or the “Company”) (NYSE: RNG) announced today that it has priced its offering of $400 million aggregate principal amount of its 8.500% senior notes due 2030 (the “notes”) in a private offering (the “offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The offering is expected to close on August 16, 2023, subject to customary closing conditions. The Company intends to use the net proceeds from this offering to repurchase and/or repay a portion of its outstanding convertible notes. The Company intends to use the remainder of the net proceeds from this offering, if any, for general corporate purposes, which may include working capital, capital expenditures, repurchases or repayments of existing debt, potential strategic transactions and acquisitions. The notes will be fully and unconditionally guaranteed on a senior unsecured basis by certain domestic subsidiaries of the Company.
August 9, 2023
RingCentral Announces Proposed Private Offering of $400 Million of Senior Unsecured Notes Due 2030
RingCentral, Inc. (“RingCentral” or the “Company”) (NYSE: RNG) announced today that it intends to offer, subject to market and other conditions, $400 million aggregate principal amount of its senior notes due 2030 (the “notes”) in a private offering (the “offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The notes will be senior unsecured obligations of the Company and are expected to be fully and unconditionally guaranteed on a senior unsecured basis by certain subsidiaries of the Company. The Company intends to use a portion of the net proceeds from this offering to repurchase and/or repay a portion of its outstanding convertible notes. The Company intends to use the remainder of the net proceeds from this offering for general corporate purposes, which may include working capital, capital expenditures, repurchases or repayments of existing debt, potential strategic transactions and acquisitions. The notes
August 7, 2023
RingCentral Unveils RingCX – A Native, Intelligent Contact Center Solution
Easy to use, manage and deploy, RingCX combines omnichannel contact center with Conversation Intelligence capabilities Integrates with RingCentral MVP for a complete employee and customer experience RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced the launch of RingCX ™ , a native, intelligent contact center. RingCX is an easy to deploy and use solution that combines RingCentral’s flagship unified communications (including message, video, phone, SMS, and fax) with contact center, plus generative AI capabilities. The result is a next generation, AI-first solution that delivers a complete native omnichannel experience and transforms customer journeys across various touchpoints. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230807996727/en/ RingCX, provided by RingCentral (Graphic: Business Wire)
August 7, 2023
RingCentral Announces RingSense for Phone and Enhances RingSense for Sales
Brings the power of conversation intelligence to its flagship RingCentral MVP ® product RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced the company is expanding its artificial intelligence (AI) platform, RingSense™, across its portfolio. Leveraging generative AI, RingSense for Phone enables organizations to turn their voice conversation data into powerful insights that can enhance productivity and improve business outcomes. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230807119765/en/ RingSense for Phone, provided by RingCentral (Graphic: Business Wire) “We are at a major inflection point where AI will permeate all aspects of business communications to make interactions smarter and drive unprecedented levels of productivity,” said Vlad Shmunis, Founder, Chairman, and CEO of RingCentral.
August 7, 2023
RingCentral Announces CEO Succession
Tarek Robbiati to Assume CEO Role; Vlad Shmunis to Become Executive Chairman RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced that Tarek Robbiati, a member of the RingCentral Board of Directors since December 2022 and Chief Financial Officer and EVP of Finance and Strategy of Hewlett Packard Enterprise (NYSE: HPE), has been appointed as the Company’s Chief Executive Officer, effective August 28, 2023. Robbiati will remain a member of the Company’s Board. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230807509102/en/ Photo of Tarek Robbiati, courtesy of RingCentral Vlad Shmunis, the Company’s current Chief Executive Officer, will transition to the role of Executive Chairman with focus on driving the Company’s strategic product vision and innovation. Under Shmunis’ leadership, RingCentral has
August 7, 2023
RingCentral Announces Second Quarter 2023 Results
Q2'23 results exceed high end of guidance across all key metrics Announces CEO succession RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced financial results for the second quarter ended June 30, 2023. Second Quarter Financial Highlights Total revenue increased 11% year over year to $539 million. Subscriptions revenue increased 11% year over year to $514 million. Annualized Exit Monthly Recurring Subscriptions (ARR) increased 12% year over year to $2.22 billion. Mid-market and Enterprise ARR increased 13% year over year to $1.37 billion. GAAP operating margin of (8.4%), compared to (22.1%) in the prior year. Non-GAAP operating margin of 19.4%, up 800 basis points year-over-year and a quarterly record “It was another solid quarter, as revenue and operating margin were both above our guidance,” said Vlad Shmunis, RingCentral’s founder, chairman and CEO. “We
August 2, 2023
RingCentral Expands Video Offerings With Acquisition of Events and Session Product Lines From Hopin
Completes video portfolio to address enterprise communications needs including meetings, webinars, rooms, and now virtual and hybrid events RingCentral, Inc. (NYSE: RNG) , a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced the acquisition of select assets from Hopin , a leading provider of online audience engagement technology, including its flagship Events platform and Session product. Hopin Events is an all-in-one event management platform that enables planning and producing virtual and hybrid events. Hopin Session is a highly personalized engagement solution. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230802513699/en/ The acquisition includes technology assets, customer relationships, and engineering, product, and go-to-market talent from Hopin. This acquisition expands RingCentral’s video solutions and strengthens the
July 13, 2023
RingCentral Announces Date of Second Quarter 2023 Financial Results Conference Call
RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced that it will report financial results for the second quarter ended June 30, 2023 after market close on Monday, August 7, 2023. The company also announced that it will hold a conference call on the same day at 2:00 PM Pacific Time (5:00 PM Eastern Time) to discuss its quarterly financial results. The conference call can be accessed by dialing 1-888-349-0093 from the United States or 1-412-317-5201 internationally with reference to the company name and conference title. Following the completion of the call through 11:59 PM Eastern Time on August 14, 2023, a telephone replay will also be available by dialing 1-844-512-2921 from the United States or 1-412-317-6671 internationally with recording access code 10180223. A live webcast and replay of the conference call can also be accessed from the company’s
June 27, 2023
RingCentral Becomes the First Global Cloud Provider to Offer Compliant Enterprise-grade Cloud Telephony in India
First unified communications provider to both receive a license and obtain key regulatory verifications to operate in India by Department of Telecommunications (DOT) RingCentral, Inc. (NYSE: RNG) , a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced it is the first global cloud provider to offer fully compliant cloud phone services in India. RingCentral passed key regulatory verifications by the Department of Telecommunications (DOT) India and Telecom Regulatory Authority of India (TRAI), enabling multinational organizations with a presence in India to access cloud phone capabilities for streamlined communication with customers, partners, and employees. “India is a key strategic market for us, and adding this country as our 46th country for global availability of RingCentral MVP is an important milestone,” said Mo Katibeh, President and COO of RingCentral. “RingCentral is the first cloud
June 13, 2023
RingCentral Appoints Bobbie Grafeld as Chief Human Resources Officer
Linking people, culture, and strategy to drive business value RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced that Bobbie Grafeld has been appointed as Chief Human Resources Officer. Reporting to Mo Katibeh, President and Chief Operating Officer, Grafeld will be responsible for developing and executing human resources strategy in support of the company’s overall strategic priorities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230613536735/en/ Bobbie Grafeld, courtesy of RingCentral “We are delighted to welcome Bobbie to the RingCentral leadership team to lead our talent and people operations teams as well as ignite our global people community around RingCentral’s strategic direction,” said Mo Katibeh, President and Chief Operating Officer. “It’s often said business does not create value -
May 31, 2023
New Independent Study Shows That Using RingCentral MVP And RingCentral Contact Center Together Help Customers Realize a ROI of 211% Over Three Years
Total Economic Impact study reveals radically reduced call handling time, IT ticket volume, and ticket resolution time, leading to significant cost savings and efficiencies when using RingCentral RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced the findings of a commissioned Forrester Consulting Total Economic Impact™ (TEI) study showing that a composite organization representative of interviewed customers integrated RingCentral MVP® (Message Video Phone™) and RingCentral Contact Center™ realized a return on investment (ROI) of 211% over three years. Forrester Consulting interviewed RingCentral customers in four industries, including in healthcare, fintech, automotive, and technology, to quantify the potential costs and benefits of replacing disparate, on-premises contact centers and unified communications applications with RingCentral’s cloud-based,
May 19, 2023
RingCentral Announces Repurchase of Approximately $461 Million of 2025 Notes
RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced that it has entered into individual, privately negotiated repurchase transactions with certain holders of the Company’s 0% Convertible Senior Notes due 2025 (the “2025 Notes”). Pursuant to the Note Repurchases, the Company will pay approximately $425 million in cash to repurchase approximately $461 million aggregate principal amount of the 2025 Notes using amounts drawn under the Company’s term loan facility, together with cash on hand. The Company anticipates the closing of the Note Repurchases to occur on or about May 25, 2023. Following the closing of the Note Repurchases, approximately $539 million aggregate principal amount of the 2025 Notes will remain outstanding. “We previously disclosed our intent to use the proceeds from our term loan facility to retire convertible debt if market conditions
May 18, 2023
Vodafone Portugal and RingCentral Launch New Communications and Collaboration Solution to Power Hybrid Work for Employees
Vodafone One Net TeamCollaboration with RingCentral is fully cloud-based, enabling companies to allow their employees to collaboratively work on any device, from anywhere, at any time Available in Portugal, the new solution combines RingCentral’s industry-leading collaboration tools (messages, group video calls, file sharing) and Vodafone’s fixed and mobile voice communications on the same platform Vodafone Portugal and RingCentral, Inc. (NYSE: RNG) today unveiled “ One Net TeamCollaboration with RingCentral ,” a powerful, integrated communications solution that brings together RingCentral’s messaging and video collaboration capabilities with Vodafone’s existing fixed and mobile voice communications functionality to the Portuguese market. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230518005044/en/ The solution gives businesses of all sizes, particularly small-to-medium enterprises (SMEs), an agile, affordable,
May 11, 2023
RingCentral to Present at Upcoming Investor Conferences
RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced that members of its management team are scheduled to present at the following investor conferences: 18th Annual Needham Technology & Media Conference Date: Tuesday, May 16, 2023
Time: 5:45 a.m. Pacific Time (8:45 a.m. Eastern Time) MoffettNathanson's Inaugural Technology, Media, and Telecom Conference Date: Tuesday, May 16, 2023
Time: 11:00 a.m. Pacific Time (2:00 p.m. Eastern Time) Jefferies Software Conference Date: Wednesday, May 31, 2023
Time: 8:30 a.m. Pacific Time (11:30 a.m. Eastern Time) Bank of America Global Technology Conference Date: Tuesday, June 6, 2023
Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) A live webcast will be accessible on the Company’s investor relations website at ir.ringcentral.com . About RingCentral RingCentral is a leading global provider
May 9, 2023
RingCentral Announces First Quarter 2023 Results
Q1'23 results exceed high end of guidance across key metrics Raises 2023 revenue and operating margin outlook RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced financial results for the first quarter ended March 31, 2023. First Quarter Financial Highlights Total revenue increased 14% year over year to $534 million. Subscriptions revenue increased 16% year over year to $508 million. Annualized Exit Monthly Recurring Subscriptions (ARR) increased 14% year over year to $2.16 billion. Mid-market and Enterprise ARR increased 15% year over year to $1.33 billion. GAAP operating margin of (10.2%), compared to (22.1%) in the prior year. Non-GAAP operating margin of 17.2%, up 680 basis points year-over-year and a quarterly record “We had a good first quarter, as we exceeded the high end of guidance across key metrics,” said Vlad Shmunis, RingCentral’s founder,
May 8, 2023
RingCentral Announces RingCentral for Teams 2.0 - a Next Generation Integrated Calling Experience for Microsoft Teams
Revamped solution enhances Microsoft Teams with advanced telephony, superior mobile experience, SMS, fax, integrations, and faster performance - no Teams Phone license required RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced the next generation of RingCentral for Microsoft Teams 2.0. RingCentral provides the ultimate flexibility with both direct routing and a next-gen embedded app for calling, SMS, and fax. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230508005261/en/ RingCentral for Microsoft Teams 2.0 provides a next-gen embedded app for calling, fax, and other functions. (Graphic: Business Wire) The solution brings RingCentral’s world-class cloud PBX capabilities into Microsoft Teams with a fully native experience, and without requiring a second application. This means that end customers
April 26, 2023
Vodafone Business UC with RingCentral Now Available in Italy: New Solution to Power Hybrid Work for Employees and Customers
Vodafone Business UC with RingCentral is fully cloud-based, enabling employees to work on any device, from virtually anywhere, at any time Available in Italy, the new solution combines RingCentral’s industry-leading collaboration tools (messages, group video calls) and Vodafone’s national fixed and mobile voice communications, on the same platform Vodafone Business and RingCentral (NYSE:RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today unveiled to the Italian market Vodafone Business UC with RingCentral , a powerful, integrated communications solution that brings together RingCentral’s messaging and video capabilities with Vodafone’s existing fixed and mobile voice communications functionality to the Italian market. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230425006109/en/ The solution gives businesses of all sizes an
April 17, 2023
RingCentral Announces Date of First Quarter 2023 Financial Results Conference Call
RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced that it will report financial results for the first quarter ended March 31, 2023 after market close on Tuesday, May 9, 2023. The company also announced that it will hold a conference call on the same day at 2:00 PM Pacific Time (5:00 PM Eastern Time) to discuss its quarterly financial results. The conference call can be accessed by dialing 1-888-349-0093 from the United States or 1-412-317-5201 internationally with reference to the company name and conference title. Following the completion of the call through 11:59 PM Eastern Time on May 16, 2023, a telephone replay will also be available by dialing 1-844-512-2921 from the United States or 1-412-317-6671 internationally with recording access code 10177296. A live webcast and replay of the conference call can also be accessed from the company’s investor
March 27, 2023
RingCentral Introduces Next-Gen Communication Solution for Frontline Workers
RingCentral, Inc. (NYSE: RNG) , a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced a next-gen communication solution for frontline workers that enhances employee- or company-owned mobile devices with walkie-talkie, voice, AI- powered video capabilities, team messaging, file sharing, and more. In the past, frontline workers have been burdened by juggling multiple devices. With RingCentral’s powerful frontline workforce solution–which now offers a new push to talk capability–frontline workers across industries like healthcare, retail, and manufacturing can use a single device to seamlessly connect and communicate with the rest of their organization. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230327005268/en/ “Frontline workers need to be given the right tools to perform their jobs with speed and precision. Without digital
March 27, 2023
Introducing RingSense by RingCentral: A Ground-Breaking AI Platform for Enhanced Business Communications
RingSense for Sales, the first offering in the RingSense Artificial Intelligence portfolio, empowers sellers with guidance and coaching to enhance sales productivity RingCentral, Inc. (NYSE: RNG) , a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced the launch of RingSense™ , a ground-breaking AI platform that brings the power of conversation intelligence to business communications and collaboration. Leveraging generative AI, RingSense enables organizations to turn their conversation data into powerful insights that will unlock productivity and drive business outcomes. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230327005272/en/ "Today marks an important step forward in our journey. Generative AI is a game-changing technology that will fundamentally transform communications and collaboration. Natural language, and voice in
March 14, 2023
MMC Selects RingCentral’s Cloud Communications Solutions to Improve Customer Experience and Streamline Employee Workflows
MMC, Inc. , a Human Resources Outsourcing company (HRO), today announced it has replaced its on-premise legacy communications systems with RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, to drive an improved client experience, streamline employee workflows, and deliver IT cost savings. After migrating 3,000 of its employees to RingCentral MVP® (Message Video Phone™), MMC realized substantial savings on its business communications costs. Known for its expertise in HR outsourcing, payroll, benefits administration, and other business processes, MMC was looking for a cloud solution that could provide greater mobility for its employees and would allow them to more efficiently connect and communicate with clients. By implementing RingCentral MVP , they have enabled employees to increase productivity and efficiency through the use of a cloud-based business phone service, video
February 23, 2023
RingCentral to Present at Upcoming Investor Conference
RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced that members of its management team are scheduled to present at the following investor conference: Morgan Stanley Technology, Media & Telecom Conference Date: Monday, March 6, 2023
Time: 12:55 p.m. Pacific Time (3:55 p.m. Eastern Time) A live webcast will be accessible on the Company’s investor relations website at ir.ringcentral.com . About RingCentral RingCentral, Inc. (NYSE: RNG) is a leading provider of business cloud communications and contact center solutions based on its powerful Message Video Phone™ (MVP®) global platform. More flexible and cost-effective than legacy on-premises PBX and video conferencing systems, RingCentral® empowers modern mobile and distributed workforces to communicate, collaborate, and connect via any mode, device, and device location. RingCentral offers three essential
February 15, 2023
RingCentral Announces Fourth Quarter 2022 Results
Total revenue at $525 million, up 17%; ARR at $2.1 billion, up 17% Announces new five-year, $600 million credit facility RingCentral, Inc . (NYSE:RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced financial results for the fourth quarter and fiscal year ended December 31, 2022. Fourth Quarter Financial Highlights Total revenue increased 17% year over year to $525 million. Subscriptions revenue increased 19% year over year to $502 million. Annualized Exit Monthly Recurring Subscriptions (ARR) increased 17% year over year to $2.10 billion. Mid-market and Enterprise ARR increased 20% year over year to $1.30 billion. GAAP operating margin of (48.7)%, compared to (23.0)% in the prior year Record non-GAAP operating margin of 14.0%, up 340 basis points year over year "We are in a select category of SaaS companies with over $2 billion of recurring revenue, and our Q4 results reflect our ability to
February 15, 2023
RingCentral Announces Strategic Collaboration Agreement with AWS to Help Organizations Transform their Employee and Customer Communications
RingCentral, Inc . (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced a Strategic Collaboration with Amazon Web Services, Inc. (AWS) to help organizations accelerate their cloud journeys and transform their employee and customer communications. As part of the multi-year agreement, AWS will offer industry-leading RingCentral MVP® (Message Video Phone™) and RingCentral Contact Center ™ solutions to its customers, giving them access to a leading unified communications platform that integrates enterprise-grade team messaging, video meetings, and a market-leading cloud phone system, along with an award-winning Contact Center solution. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230215005377/en/ The two companies will work together to develop and deliver vertical solutions with end-to-end cloud migration for businesses in the
February 14, 2023
RingCentral Announces Extended and Expanded Strategic Partnership Agreement with Avaya
RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced an extended and expanded strategic partnership agreement with Avaya Inc., a global provider of solutions to enhance and simplify communications and collaboration. As part of Avaya’s transformation and expedited recapitalization, Avaya Cloud Office by RingCentral (“ACO”) remains Avaya’s exclusive multi-tenanted Unified Communications as a Service (UCaaS) solution to Avaya’s customers, including its on-premises installed base totaling tens of millions of users worldwide. Under the terms of the expanded agreement, RingCentral and Avaya have agreed to extend their multi-year partnership with minimum seat commitments and a better aligned incentive structure intended to drive accelerated migration to ACO. These improvements will unlock further opportunities for RingCentral and Avaya to maximize value for their customers.
January 23, 2023
RingCentral Announces Date of Fourth Quarter 2022 Financial Results Conference Call
RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced that it will report financial results for the fourth quarter ended December 31, 2022 after market close on Wednesday, February 15, 2023. The company also announced that it will hold a conference call on the same day at 2:00 PM Pacific Time (5:00 PM Eastern Time) to discuss its quarterly financial results. The conference call can be accessed by dialing 1-888-349-0093 from the United States or 1-412-317-5201 internationally with reference to the company name and conference title. Following the completion of the call through 11:59 PM Eastern Time on February 22, 2023, a telephone replay will also be available by dialing 1-844-512-2921 from the United States or 1-412-317-6671 internationally with recording access code 10174186. A live webcast and replay of the conference call can also be accessed from the company’s
January 5, 2023
MegaCorp Logistics Taps RingCentral® for Best-in-Class Voice Capabilities to Support Seamless, Flexible Customer Service Communication
RingCentral Helps Leading Logistics Provider Increase Sales, Improve Efficiency MegaCorp Logistics , one of the fastest-growing logistics companies in the U.S., has partnered with RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, to bring RingCentral’s best-in-class cloud communications capabilities to power more effective employee-customer communications across their enterprise. With over a decade of service to customers from Fortune 500 companies to small privately held firms, MegaCorp Logistics has proven to be one of the most capable logistics providers in America, driving nearly $3.2 billion in revenue since 2009. Still a rapidly growing business that relies heavily on phones to communicate with customers and vetted carrier partners, the company’s previous telephone solution could not scale, nor offer some key technology features and reliability that MegaCorp needed. When