Market Overview

RingCentral: Q2 Earnings Insights

Share:

Shares of RingCentral (NYSE:RNG) moved lower by 1.76% after the company reported Q2 results.

Quarterly Results

Earnings per share were up 14.29% over the past year to $0.24, which beat the estimate of $0.20.

Revenue of $277,985,000 rose by 29.20% from the same period last year, which beat the estimate of $263,780,000.

Outlook

RingCentral hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Aug 03, 2020

Time: 05:00 PM

ET Webcast URL: http://public.viavid.com/player/index.php?id=140707

Price Action

Company's 52-week high was at $299.74

52-week low: $120.03

Price action over last quarter: Up 17.78%

Company Description

RingCentral is a unified-communication-as-a-service, or UCaaS, provider. RingCentral's software provides an easy-to-use, integrated communication application that allows for a single user experience across mobile and desktop applications. The software lets businesses communicate and collaborate using voice, video, text, Internet messaging, and conference calls on a single platform.. Ninety percent of RingCentral's revenue comes from its RingCentral Office application, which is available in four tiers based on integration needs and the number of employees. The company was founded in 1999 and is headquartered in Belmont, California.

 

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Posted-In: Earnings