RingCentral Inc (N:RNG)

Business Focus: Enterprise Software

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
Key People
Vladimir Shmunis
Chairman of the Board, Chief Executive Officer
Mitesh Dhruv
Chief Financial Officer
David Sipes
Chief Operating Officer
John H. Marlow
Senior Vice President - Corporate Development, Chief Administrative Officer, General Counsel, Secretary
Vaibhav Agarwal
Chief Accounting Officer
Praful Shah
Chief Strategy Officer
Business Overview
RingCentral, Inc. is a provider of software-as-a-service (SaaS) solutions for businesses to support modern communications. The Company's cloud-based business communications solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, personal computers (PCs) and desk phones, and allow for communication across multiple channels, including high definition (HD) voice, video, short messaging service (SMS), messaging and collaboration, conferencing, online meetings, and fax. The Company's products include RingCentral Office, RingCentral Professional, RingCentral Fax, RingCentral Contact Center and RingCentral Glip. RingCentral Office is a multi-user, enterprise-grade communications solution. RingCentral Professional is an inbound call routing subscription with additional text and fax capabilities targeting smaller deployments, and RingCentral Fax is an Internet fax subscription that permits sending and receiving faxes over the Internet.
Financial Overview
For the three months ended 31 March 2019, RingCentral Inc revenues increased 34% to $201.5M. Net loss increased from $2.7M to $6.4M. Revenues reflect Software subscription increase of 33% to $182.7M, Other increase of 40% to $18.8M. Higher net loss reflects Sales and marketing increase of 37% to $91.9M (expense), Research and Development increase of 31% to $25.5M (expense), General and administrative increase of 32% to $22.9M (expense).
Employees: 1,871 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $9,899M as of Mar 31, 2019
Annual revenue (TTM): $724.77M as of Mar 31, 2019
EBITDA (TTM): $2.88M as of Mar 31, 2019
Net annual income (TTM): -$29.85M as of Mar 31, 2019
Free cash flow (TTM): $38.54M as of Mar 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 81,938,872 as of May 2, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization