RingCentral Inc. - Ordinary Shares - Class A

NYSE:RNG   11:05:06 AM EDT
64.81
+2.86 (+4.62%)
Positive Earnings Pre-Announcement

RingCentral Q1 Non-GAAP Earnings Per Share $0.39

Published: 05/09/2022 21:29 GMT
RingCentral Inc. - Ordinary Shares - Class A (RNG) - Ringcentral Announces First Quarter 2022 Results.
Q1 Non-GAAP Earnings per Share $0.39.
Q1 Revenue Rose 33 Percent to $468 Million.
Sees Q2 Non-GAAP Earnings per Share $0.40 to $0.41.
Sees FY Non-GAAP Earnings per Share $1.83 to $1.87.
Q1 GAAP Loss per Share $1.60.
Raises 2022 Subscription Revenue and Operating Margin Outlook.
Appoints Sonalee Parekh As Chief Financial Officer and Mo Katibeh As President.
Raising Subscriptions Revenue Range to $1.882 Billion to $1.898 Billion for FY 2022.
Sees Total Revenue Range of $475.5 to $479.5 Million for Q2.
Q1 Earnings per Share View $0.34, Revenue View $458.7 Million -- Refinitiv Ibes Data (analyst estimates).
Q2 Earnings per Share View $0.38, Revenue View $477.2 Million -- Refinitiv Ibes Data (analyst estimates).
FY2022 Earnings per Share View $1.71 -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $479.02 Million
Adjusted EPS is expected to be $0.40

Next Quarter Revenue Guidance is expected to be $510.37 Million
Next Quarter EPS Guidance is expected to be $0.48

More details on our Analysts Page.