RingCentral Announces Third Quarter 2019 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/13/2026
- Wall St futures tick higher as oil retreats ahead of inflation data
- Oil slips on weaker demand outlook and higher US stocks amid supply disruptions
- CoreWeave soars after fifth straight quarter of record revenue, raised guide
- Four key things investors will watch in Nvidia's earnings next week
- Silver could surge to $90 as investment demand takes over, Citi says
- After-Hours Movers: CSCO, COHR, HLIT, CBRS, STUB, ENS
- After-Hours Movers: CRWV, NBIS, SMCI, LITE, CAVA, HRB
- After-Hours Movers: P, RIOT, BW, RKLB, HIMS, UPWK
- After-Hours Movers: TEAM, NET, TWLO, DOCS, FROG, DV, TTD, ABNB, DKNG, SG, RKT
- After-Hours Stock Movers: WDC, SNDK, FIG, APP, HUBS, SOUN, DASH, XYZ, Z, FLNC
Ringcentral, Inc. (RNG) Tops Q3 EPS by 3c, Revenues Beat; Raises FY19 EPS/Revenue Guidance Above Consensus
November 4, 2019 4:06 PM ESTRingcentral, Inc. (NYSE: RNG) reported Q3 EPS of $0.22, $0.03 better than the analyst estimate of $0.19. Revenue for the quarter came in at $233 million versus the consensus estimate of $221.33 million.
Third Quarter Financial Highlights
Total revenue increased 34% year over year to $233 million.Software subscriptions revenue increased 33% year over year to $211 million.Annualized Exit Monthly Recurring Subscriptions (ARR) increased 31% year over year to $881 million.RingCentral Office® ARR increased 35% year over year to $800 million.Mid-market and Enterprise ARR increased 61% year over year to $426 million.Enterprise ARR increased 77% year over year to $259... More