RingCentral Inc. - Ordinary Shares - Class A

NYSE:RNG   3:13:14 PM EDT
36.66
+0.31 (+0.85%)
Layoffs, Other Pre-Announcement

Ringcentral Announces Third Quarter 2022 Results

Published: 11/09/2022 21:17 GMT
RingCentral Inc. - Ordinary Shares - Class A (RNG) - Ringcentral Inc Q3 Non-GAAP Earnings per Share $0.55.
Ringcentral Announces Third Quarter 2022 Results.
Ringcentral Inc Q3 Revenue Rose 23 Percent to $509.0 Million.
Ringcentral Inc Q3 GAAP Loss per Share $2.98.
Ringcentral Inc - Raising 2022 Operating Margin Outlook; Reiterating Midpoint of 2022 Subscriptions Revenue Guide.
Ringcentral Inc Sees Q4 Total Revenue Range of $523.0 Million to $529.0 Million.
Ringcentral Inc Sees Q4 Non-GAAP EPS of $0.59 to $0.60.
Ringcentral Inc - Company's Board of Directors Approved a Reduction in Force Plan.
Ringcentral Inc - Company Estimates Aggregate Restructuring Costs Associated With Plan to Be Approximately $10.0 Million to $15.0 Million.
Ringcentral Inc - Plan is Expected to Reduce Company's Full-time Employees by Approximately 10%.
Ringcentral Inc - Company Expects to Incur These Charges in Q4 of 2022 and Q1 of 2023.