Welcome to our dedicated page for RingCentral news (Ticker: RNG), a resource for investors and traders seeking the latest updates and insights on RingCentral stock.
RingCentral, Inc. (NYSE: RNG) is frequently in the news for developments in AI-powered business communications, unified communications, and cloud contact center technology. Company announcements describe RingCentral as a global leader in agentic voice AI–powered cloud business communications, with a platform that spans business phone, SMS, contact center, workforce engagement management, video collaboration, messaging, and conversational intelligence.
News coverage for RNG often highlights product launches and enhancements. Recent releases include an agentic voice AI suite featuring AI Receptionist (AIR), AI Virtual Assistant (AVA), and AI Conversation Expert (ACE), all focused on the conversation journey before, during, and after each interaction. Other product news includes the RingEX Customer Engagement Bundle for lightweight contact center use and RingWEM, an AI-powered workforce engagement management suite integrated with the RingCX contact center platform.
Investors and analysts can also find financial results announcements, such as quarterly earnings releases, where RingCentral reports revenue, margins, cash flow, and updates on its AI-led product portfolio. Additional items include participation in investor conferences, product briefing days, and updates on credit facilities and capital structure, as reflected in company press releases and related SEC filings.
This RNG news page aggregates these updates so readers can follow RingCentral’s progress in AI communications, contact center innovation, and corporate developments. It is a useful resource for tracking announcements about AI capabilities, workforce engagement tools, unified communications recognition by third-party analysts, and key financial and strategic milestones.
RingCentral, Inc. (NYSE: RNG) has been recognized by the Frost and Sullivan Institute and MSCI for its commitment to environmental, social, and corporate governance (ESG). The company received the 2022 Enlightened Growth Leadership Best Practices Award for its sustained financial growth and positive societal impact. Additionally, RingCentral's MSCI ESG rating improved from A to AA, indicating enhanced resilience to ESG risks. Notably, the company invested $23.4 million in diverse suppliers and emphasizes mental health support for employees.
RingCentral, Inc. (NYSE: RNG) announces management presentations at several upcoming investor conferences. Key dates include the Credit Suisse Technology Conference on November 29, 2022, the Wells Fargo TMT Summit on November 30, 2022, and the UBS Global TMT Conference on December 5, 2022, among others. Live webcasts will be available on the company's investor relations website. RingCentral provides cloud communication solutions, including RingCentral MVP, RingCentral Video, and RingCentral Contact Center, to support modern workforces.
RingCentral and Charter Communications have entered a strategic partnership to launch new communication solutions tailored for businesses in today’s remote working environment. The offerings, Spectrum Business Connect with RingCentral and Spectrum Enterprise Unified Communications, combine RingCentral’s MVP™ platform with Charter’s high-speed internet. This collaboration aims to enhance productivity for small to large enterprises by providing reliable and secure communication tools. RingCentral remains a leading provider in the UCaaS market, boasting significant new features and integrations.
RingCentral (RNG) reported a strong performance in Q3 2022, with total revenue rising 23% to $509 million. Subscriptions revenue grew 25% to $483 million, while Annualized Exit Monthly Recurring Subscriptions reached $2.05 billion. The non-GAAP operating margin improved to a record 13.5%, up 300 basis points year-over-year. However, GAAP operating loss increased to $183 million, affected by a non-cash charge related to Avaya prepaid commissions. The company is implementing a reduction plan, anticipating a 10% workforce cut with associated costs of $10-15 million.
Healius Limited has selected RingCentral (NYSE: RNG) for a five-year contract to deploy an integrated UCaaS and CCaaS solution aimed at enhancing doctor and patient experiences across its pathology and diagnostic imaging practices in Australia. The project includes 500,000 toll-free calling minutes and e-fax functionality, integrating with Microsoft Teams and Salesforce.com. The system promises a telephony service level of 99.999%, ensuring reliable communication while maintaining data security.
RingCentral (NYSE: RNG) released a survey indicating that 95% of business decision-makers value voice communication for enhancing customer engagement and boosting revenue. Key findings reveal that over 90% consider phones essential, with 52% using it as their primary tool. Regardless of company size, phone usage remains prevalent, with expectations for increased adoption in the near future. Additionally, over 95% of companies utilize SMS, highlighting an ongoing emphasis on telephony in modern business.
RingCentral, Inc. (NYSE: RNG) announced plans to report its financial results for the third quarter ending September 30, 2022, after market close on November 9, 2022. A conference call will follow at 2:00 PM Pacific Time to discuss these results. Investors can join by phone or access a live webcast on the company's investor relations website. RingCentral offers cloud communications and contact center solutions, driving digital transformation for modern workforces. This report will offer insights into the company's performance and strategic direction.
RingCentral achieves top ranking in analytics capabilities among UCaaS vendors according to Tolly Group's independent study. The research shows that RingCentral MVP meets 100% of criteria in 13 categories, surpassing competitors like 8x8, Microsoft Teams, and Zoom, which met the criteria in only four categories. The study highlights RingCentral's comprehensive analytics approach covering phone, video, and messaging, along with cost-effective solutions that integrate seamlessly into its platform. Users benefit from extensive QoS analytics and customizable KPIs, enhancing decision-making.
RingCentral (NYSE: RNG) announces enhanced video meeting capabilities with AI-driven features, expanding browser support for RingCentral MVP and RingCentral Video. New functionalities include AI-based meeting insights, live transcription, and participant reactions. All features are available for both free and paid users, allowing unlimited free meetings without 40-minute limits. The updates cater to the growing demand for effective hybrid work solutions, aiming to improve productivity and reduce meeting fatigue.
RingCentral (NYSE: RNG) has been recognized by Gartner as the leading provider in all four use cases in the 2021 Gartner Critical Capabilities for Unified Communications as a Service (UCaaS) report, updated on August 1, 2022. The four use cases include Midsize Enterprise, Large & Multinational Organizations, UC with Integrated Contact Center, and Mobility and Remote Working. Additionally, RingCentral has been positioned as a Leader in the 2021 Gartner Magic Quadrant for UCaaS, marking its seventh consecutive year in the Leaders Quadrant.