The cloud communications firm reports $1.22 non-GAAP EPS and $657M revenue, exceeding analyst expectations for the quarter.
RingCentral posted second-quarter non-GAAP earnings per share of $1.22, beating estimates by $0.05, as revenue rose 5.9% year-over-year to $657M, $6.44M above consensus.
The company’s revenue growth reflects continued demand for its cloud-based communication services. Prior-year Q2 revenue stood at $620M, with earnings of $1.15 per share.
RingCentral guided third-quarter subscriptions revenue between $643M and $649M, with total revenue projected at $664M to $670M, aligning with market expectations.