RingCentral Inc (N:RNG)

Sector:  Technology Industry:  Software
 
See Regulatory Filings on SEC
Company Contact
Address: 20 Davis Dr
BELMONT CA 94002-3002
Tel: N/A
Website: https://www.ringcentral.com
IR: See website
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Key People
Vladimir Shmunis
Executive Chairman of the Board, Chief Executive Officer
Sonalee Parekh
Chief Financial Officer
John H. Marlow
Senior Vice President - Corporate Development, Chief Administrative Officer, General Counsel, Secretary
Vaibhav Agarwal
Chief Accounting Officer
   
Business Overview
RingCentral, Inc. is a provider of artificial intelligence (AI)-driven cloud business communications, contact center, video, and hybrid event solutions. The Company's cloud-based business communications, collaboration, and customer engagement solutions function across multiple locations and devices, including smartphones, tablets, personal computers (PCs) and desk phones. The Company offers a fully integrated business communications platform, which includes cloud private branch exchanges (PBX), cloud contact center, video meetings and webinars, and events. Its product portfolio includes RingCentral MVP, Contact Center as a Service (CCaaS), RingCentral Video, RingCentral Events, and RingSense. RingCentral MVP is a unified Communications as a Service (UCaaS) platform, which includes team messaging, video meetings, and a cloud phone system. RingCentral Video is a video meeting solution with team messaging that enables smart video meetings, rooms solutions, and webinars.
Financial Overview
For the fiscal year ended 31 December 2023, RingCentral Inc revenues increased 11% to $2.2B. Net loss decreased 81% to $165.2M. Revenues reflect Subscriptions segment increase of 11% to $2.1B, Other segment increase of 2% to $102.1M, North America segment increase of 11% to $1.98B, Others segment increase of 11% to $220.2M. Lower net loss reflects Other income (expense) - Balancing value increase from $423.2M (expense) to $13.1M (income).
Employees: 4,084 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $4,743M as of Dec 31, 2023
Annual revenue (TTM): $2,202M as of Dec 31, 2023
EBITDA (TTM): $35.21M as of Dec 31, 2023
Net annual income (TTM): -$165.24M as of Dec 31, 2023
Free cash flow (TTM): $323.92M as of Dec 31, 2023
Net Debt Last Fiscal Year: $1,323M as of Dec 31, 2023
Shares outstanding: 92,317,573 as of Feb 12, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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