RingCentral Stock Price, News & Analysis

RingCentral (NYSE: RNG) has partnered with Ryder System (NYSE: R) to enhance business communications across Ryder's nearly 800 fleet maintenance and rental locations. Utilizing RingCentral MVP™ for unified operations, Ryder has improved customer service and operational efficiency. The rollout has also led to the deployment of RingCentral Contact Center™ for Ryder Last Mile, enabling seamless support for home delivery services. This collaboration highlights efforts in digital transformation, with acknowledged benefits in employee productivity and customer satisfaction.

Bancroft has selected RingCentral, Inc. (NYSE: RNG) to enhance its operations and reduce costs while providing better care for individuals with autism and neurological disabilities. The transition to RingCentral's cloud communications platform allows Bancroft to eliminate legacy telephony systems, gain unlimited call capacity, and integrate productivity applications like Salesforce. Key benefits include improved connectivity, cost savings from hardware elimination, and streamlined workflows. The collaboration emphasizes RingCentral’s commitment to supporting organizations that serve vulnerable populations.

RingCentral reported Q2 2022 financial results, with total revenue rising by 28% year-over-year to $487 million. Subscription revenue increased by 32% to $463 million, while Annualized Exit Monthly Recurring Subscriptions reached $2.0 billion. Non-GAAP operating income was $55 million, a growth from $39 million in Q2 2021. The company's operating margin outlook was raised to 12%, with non-GAAP EPS projected between $1.91 and $1.95.

New collaborations include a partnership with Vodafone in Germany.

RingCentral, Inc. (NYSE: RNG) has launched new cloud capabilities aimed at reducing administrative burdens and enhancing operational efficiencies for businesses. These innovations, including enhanced integrations with Salesforce and HubSpot, allow sales teams to automate tasks and streamline workflows. Key features include SMS capabilities and advanced phone functionalities for IT management. Customers in the US and Canada can leverage these updates to improve communication and save costs.

Vodafone Germany and RingCentral have launched ‘Vodafone Business UC with RingCentral’ in Germany. This integrated platform combines team messaging, video meetings, and a cloud phone system to enhance hybrid work. With capabilities like call recording and AI-driven insights, it aims to provide a secure and flexible solution for businesses. Notably, this launch integrates Vodafone's 5G and mobility strengths, enabling seamless communication across devices.

RingCentral (NYSE: RNG) has expanded its hardware ecosystem by partnering with Avocor, EPOS, and Jabra to enhance its RingCentral Rooms™ experience. This initiative aims to improve collaboration as organizations adapt to hybrid work environments, meeting the needs of 76% of companies prioritizing conference room technology upgrades. New features include Whiteboard functionality, proximity sharing, end-to-end encryption, and closed captioning, which collectively aim to foster better engagement and inclusivity in meetings.

RingCentral (NYSE: RNG) announced that Preferred Risk Insurance Services has adopted its RingCentral MVP and Contact Center solutions. This transition aims to enhance communication, allowing employees to effectively support a growing customer base while working remotely. Preferred Risk Insurance faced challenges during the pandemic due to legacy systems, which impaired customer service. The cloud-based platform will streamline operations, enabling compliance through automated call recordings and providing superior customer engagement tools moving forward.

RingCentral, Inc. (NYSE: RNG) will report its financial results for Q2 2022 on August 2, 2022, after market close. A conference call is scheduled for 2:00 PM PT on the same day to discuss the results. Investors can access the call by dialing 1-888-349-0093 or 1-412-317-5201 for international calls. Replay options will be available through August 9. RingCentral is a leading provider of cloud communications and contact center solutions, offering products like RingCentral MVP, a UCaaS platform.

RingCentral, Inc. (NYSE: RNG) has appointed Sonalee Parekh as Chief Financial Officer, effective May 31, 2022. Parekh brings over 25 years of experience from Hewlett Packard Enterprise, overseeing critical growth initiatives and corporate development. Concurrently, Mo Katibeh has been promoted to President, expanding his role to include human resources and corporate strategy. Both leaders aim to enhance RingCentral's operational capabilities and drive sustainable growth in the cloud communications sector.