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 (NYSE: RNG) announced that Pinnacle Renewable Energy (TSX: PL) has adopted RingCentral Office®, enhancing remote work with a unified communications solution. This shift was crucial for Pinnacle, given its multiple remote locations in the U.S. and Canada. The transition from a legacy phone system to RingCentral's platform resulted in a nearly 40% cost reduction for Pinnacle. Key benefits include multimodal communications, simplified administration, and improved sustainability, allowing Pinnacle to operate efficiently while adhering to its values.
RingCentral, Inc. (NYSE: RNG) announced that the San Francisco Symphony is utilizing RingCentral Video for virtual engagement and performances due to the COVID-19 pandemic. The Symphony is leveraging this platform for holiday-themed events, including interactive visits from musicians and a virtual tree lighting ceremony. This collaboration aims to maintain audience connection during a challenging time, highlighting the Symphony's innovative approach to digital engagement. The events will culminate with a virtual stream of the annual Deck the Hall event on December 5.
RingCentral and Vodafone Business have formed a strategic partnership to revolutionize business communications. This collaboration will introduce a co-branded, cloud-based service that combines RingCentral's expertise in Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS) with Vodafone's global reach. The partnership aims to provide quick-to-deploy, scalable cloud services tailored for businesses of all sizes, enhancing remote work capabilities. Launching initially in the UK and expanding to Europe, this initiative marks a significant step in delivering next-generation communication solutions.
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RingCentral, Inc. (NYSE: RNG) has appointed Nat Natarajan as its new Executive Vice President of Products and Engineering. Natarajan, previously Chief Product and Technology Officer at Ancestry, brings over 20 years of experience in product development and technology leadership. His focus will be on enhancing RingCentral’s products and cloud operations to support the evolving demands of remote work. Additionally, Kira Makagon will lead RingCentral Ventures, aiming to foster startup partnerships to drive innovation.
RingCentral (NYSE: RNG) has been recognized as a Leader in Gartner's 2020 Magic Quadrant for Unified Communications as a Service, marking its sixth consecutive year in this position. The report highlights RingCentral's completeness of vision and substantial innovation in cloud communications. Recent product developments include the launch of RingCentral Video, enhancing remote collaboration, and a new collaboration-centric desktop application, consolidating its Message Video Phone (MVP) functionalities. This recognition underscores RingCentral's commitment to driving productivity in cloud-based environments.
RingCentral, Inc. (NYSE: RNG) was recognized in Institutional Investor’s 2021 All-America Executive Team, achieving the ‘Most Honored’ distinction for the second consecutive year. The company ranked among the top three in the software sector, with CEO Vlad Shmunis and CFO Mitesh Dhruv each securing second place in their respective categories. Additionally, Ryan Goodman, the Investor Relations professional, was ranked first. The team also excelled in Best Investor Relations and Financially Material ESG Disclosures, highlighting their effectiveness in communication especially amid COVID-19.
RingCentral (NYSE: RNG) has appointed Mignon Clyburn to its board of directors, boosting its leadership team. Clyburn, a former FCC Commissioner from 2009 to 2018, brings significant experience in digital equity and diversity initiatives. Her past roles include advocacy for the Lifeline Program and media ownership diversity. CEO Vlad Shmunis expressed optimism about her contributions amid the growing demand for cloud communication solutions. Clyburn aims to enhance RingCentral's role in the expanding cloud communications market, focusing on productivity and economic recovery.
RingCentral reported strong third-quarter results for 2020, with total revenue of $304 million, a 30% year-over-year increase. Subscription revenue rose 33% to $280 million, making up 92% of total revenue. The company’s Annualized Exit Monthly Recurring Subscriptions (ARR) reached $1.2 billion, up 34% year-over-year. However, GAAP operating loss increased to $30 million due to higher share-based compensation. The company raised its full-year revenue guidance to $1.164 to $1.167 billion and expects non-GAAP EPS of $0.96.
BT and RingCentral, Inc. (NYSE: RNG) have announced an expanded partnership to accelerate cloud communication adoption in the UK. Their joint offering, Cloud Work, integrates voice, video, and messaging, providing a seamless experience for diverse workforces. The solution aims to enhance flexibility and productivity while supporting digital transformation amidst ongoing Covid-19 challenges. Key benefits include a unified communication platform, professional services support, and seamless integration with critical business applications.