RingCentral Stock Price, News & Analysis

RingCentral reported strong Q1 2022 results, with total revenue up 33% year-over-year to $468 million. Subscription revenue also rose 35% to $440 million, while Annualized Exit Monthly Recurring Subscriptions (ARR) grew to $1.9 billion. The company anticipates subscription revenue growth of 27% to 28% for the year, raising its guidance to $1.882 to $1.898 billion. Operating income improved to $49 million, though GAAP operating loss expanded to $104 million due to increased share-based compensation. New appointments include Sonalee Parekh as CFO and Mo Katibeh as President.

RingCentral, Inc. (NYSE: RNG) partners with SCM Insurance Services to enhance communication solutions for its mobile and hybrid workforce. Utilizing RingCentral MVP™, SCM's claims adjusters can communicate effectively during disasters, ensuring timely support for clients. The integration of RingCentral Video® provides richer interactions, with screen-sharing capabilities enhancing operational efficiency. SCM's leadership praises the flexibility of local number provisioning during crises, positioning the company to deliver personalized assistance when needed most.

RingCentral (NYSE: RNG) will announce its first-quarter financial results for the period ending March 31, 2022, after market close on May 9, 2022. A conference call will follow at 2:00 PM Pacific Time to discuss these results. Investors can access the call by dialing specific numbers or through a live webcast available on the company’s investor relations page. RingCentral, known for its cloud communications and contact center solutions, provides a unified communications platform and is headquartered in Belmont, California.

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Theta Lake, a leader in unified communication security and compliance, announced a $50 million Series B funding round led by Battery Ventures with participation from notable investors including Zoom, Salesforce Ventures, and RingCentral Ventures. This funding increases its total raised to over $70 million. The investment aims to enhance Theta Lake's technology as organizations transition to remote work, addressing compliance and security challenges. The company is recognized in the 2022 Gartner Magic Quadrant for Enterprise Information Archiving.

RingCentral, Inc. (NYSE: RNG) has announced new innovations to simplify hybrid work, enhancing employee communication and collaboration. Key features include RingCentral Webinar, AI-based meeting insights, and advanced analytics tools. RingCentral aims to empower global teams with flexible communication solutions, alongside enhanced customer experience tools like AI Agent Assist. These capabilities are designed to improve productivity, streamline workflows, and reinforce customer service. The updates are available to various customer tiers starting Q2 2022.

RingCentral, Inc. (NYSE: RNG) has announced the beta launch of RingCentral Webinar, a user-friendly webinar solution integrated with RingCentral Message Video Phone (MVP). The platform allows up to 10,000 attendees and requires no downloads, enabling easy access via browsers and mobile devices. Key features include simple setup, robust analytics, and integration with CRM and marketing tools like Marketo and Zapier. The product aims to simplify hosting and managing webinars and is currently available in the US, Canada, UK, Europe, and Australia, with general availability expected in Summer 2022.

RingCentral (NYSE: RNG) and Frontier (NASDAQ: FYBR) have partnered to launch an all-in-one productivity solution aimed at small businesses. This package includes cloud communications, high-speed fiber internet, and a reliable business phone system, enabling seamless operation from anywhere. The bundle supports video conferencing for 100 participants and offers internet speeds up to 2 Gig, enhancing bandwidth needs for modern workplaces. Available since March 3, 2022, it covers approximately 4 million homes and businesses.

RingCentral (NYSE: RNG) launched two new products, RingCentral Education Essentials and RingCentral Education Standard, aimed at enhancing hybrid learning environments for educational institutions. These solutions provide seamless communication through a unified app, connecting students, educators, and administrators via messaging, phone, and video. Additional features include campus safety support, simplified administration, and real-time classroom materials sharing. Both products are set to be available by the end of March, emphasizing security with a 99.999% uptime SLA.