RingCentral Inc Q2 2023 Earnings Call Summary - Thomson StreetEvents

RingCentral Inc Q2 2023 Earnings Call Summary

RingCentral Inc Q2 2023 Earnings Call Summary - Thomson StreetEvents
RingCentral Inc Q2 2023 Earnings Call Summary
Published Aug 07, 2023
13 pages (7309 words) — Published Aug 07, 2023
Price US$ 54.00  |  Buy this Report Now

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Abstract:

Edited Brief of RNG.N earnings conference call or presentation 7-Aug-23 9:00pm GMT

  
Brief Excerpt:

...A. On the corporate development side, last week, we announced the acquisition of the Event and Session product lines from Hopin, a leading provider of online audience engagement technology. B. On our first earnings call, nearly 10 years ago, we reported $161 million in ARR. C. Today, this number stands at over $2.2 billion. D. Q2 was another solid quarter as we continue to execute against our plan of delivering sustainable, profitable growth and continued innovation. E. For the second quarter, total revenue grew 11%, above the high end of our guidance range. F. And ARR grew 12%. G. Operating profit margins increased 8 percentage points versus last year to 19.4%, another quarter of record and well above our outlook. H. The profit improvement also translated to another quarter of record free cash flow. I. In December 2020, we acquired DeepAffects, a conversation intelligence company, which is now the foundation of our RingSense AI platform. J. In March of this year, we announced our first...

  
Report Type:

Brief

Source:
Company:
RingCentral Inc
Ticker
RNG.N
Time
9:00pm GMT
Format:
PDF Adobe Acrobat
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MLA:
Thomson StreetEvents. "RingCentral Inc Q2 2023 Earnings Call Summary" Aug 07, 2023. Alacra Store. May 02, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-RingCentral-Inc-Earnings-Call-B15660254>
  
APA:
Thomson StreetEvents. (2023). RingCentral Inc Q2 2023 Earnings Call Summary Aug 07, 2023. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-RingCentral-Inc-Earnings-Call-B15660254>
  
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