Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers


February 14, 2016 2:04 AM ET

Software

Company Overview of RingCentral, Inc.

Company Overview

RingCentral, Inc. provides software-as-a-service solutions for business communications primarily in the United States. The company’s products include RingCentral Office, a multi-location, multi-user, enterprise-grade communications solution that enables employees to communicate through voice, text, HD video and Web conferencing, and fax on devices, including smartphones, tablets, PCs, and desk phones for businesses that require a communications solution; RingCentral Professional, an inbound call routing service with text and fax capabilities primarily for smaller businesses; and RingCentral Fax solution that provides Internet fax capabilities, which allow businesses to send and receive fax d...

20 Davis Drive

Belmont, CA 94002

United States

Founded in 1999

Phone:

650-472-4100

Fax:

888-528-7464

Key Executives for RingCentral, Inc.

Co-Founder, Chairman and Chief Executive Officer
Age: 54
Total Annual Compensation: $475.0K
Chief Financial Officer and Executive Vice President
Age: 55
Total Annual Compensation: $320.0K
Senior Vice President of Corporate Development, General Counsel and Secretary
Age: 46
Total Annual Compensation: $260.0K
Senior Vice President of Strategy
Age: 59
Total Annual Compensation: $260.0K
Compensation as of Fiscal Year 2014.

RingCentral, Inc. Key Developments

RingCentral, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Provides Earnings Guidance for the First Quarter and Full Year of 2016

RingCentral, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported total revenue of $83,439,000 against $61,894,000 a year ago. Loss from operations was $5,996,000 against $9,343,000 a year ago. Loss before provision for income taxes was $6,862,000 against $10,207,000 a year ago. Net loss was $6,941,000 or $0.10 per basic and diluted share against $10,120,000 or $0.15 per basic and diluted share a year ago. Non-GAAP income from operations was $841,000 against non GAAP loss from operations of $5,133,000 a year ago. Non-GAAP net income was $490,000 or $0.01 per basic and diluted share against non GAAP net loss of $5,562,000 or $0.08 per basic and diluted share a year ago. For the quarter, cash flow from operations was positive $2.9 million compared to negative $4.3 million for last year. For the full year, the company reported total revenue of $296,228,000 against $219,887,000 a year ago. Loss from operations was $30,932,000 against $45,205,000 a year ago. Loss before provision for income taxes was $33,362,000 against $48,243,000 a year ago. Net loss was $32,099,000 or $0.46 per basic and diluted share against $48,340,000 or $0.72 per basic and diluted share a year ago. Net cash provided by operating activities was $5,086,000 against net cash used in operating activities of $11,430,000 a year ago. Purchases of property and equipment were $14,631,000 against $17,267,000 a year ago. Non-GAAP loss from operations was $6,897,000 against $29,689,000 a year ago. Non-GAAP net loss was $8,547,000 or $0.12 per basic and diluted share against $32,069,000 or $0.48 per basic and diluted share a year ago. Capital expenditures in 2015 were $17 million. For the first quarter, the company expects total revenue of $79.5 million to $82.5 million. The company expects non-GAAP operating margin of breakeven to 0.5%. This should lead to non-GAAP earnings per share of 0, plus or minus $0.01 based on 76 million weighted average fully diluted shares. For the full year of 2016, the company expects total revenue of $347 million to $357 million. The company expects non-GAAP operating margin of 1% to 1.5%. This should lead to non-GAAP earnings per share of $0.01 penny to $0.05 based on 78 million weighted average fully diluted shares.

Del Monte Foods Streamlines Business Communications Worldwide with RingCentral Office Solution

RingCentral, Inc. announced that Del Monte Foods, Inc. has selected the RingCentral Office solution to replace its legacy on-premise system and consolidate its communications in the cloud. The selection has enabled Del Monte to centralize its administration and provide mobility, initially to 200 employees in the U.S. and the Philippines. The footprint is expected to expand with the potential to reach 1,400 employees in the months ahead.

Motion Recruitment Partners Selects RingCentral, Inc

RingCentral, Inc. announced that Motion Recruitment Partners has selected RingCentral to consolidate and streamline its enterprise communications for employees located across 26 global locations. In partnering with RingCentral, Motion Recruitment Partners has also realized cost savings by simplifying its support infrastructure and moving it to the cloud. With RingCentral’s call analytics capabilities, Motion Recruitment Partners can better assess call volumes, times, effectiveness, and costs while improving operational efficiency.

Similar Private Companies By Industry

Company Name Region
Tender Loving Care Industries, Inc. United States
Tecnomatix Unicam Inc. United States
Astera Software, Inc. United States
StreetOwl Inc. United States
Moody’s Research Labs, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 1, 2015
Sikka Software Corporation
Merger/Acquisition
June 19, 2015
Glip, Inc.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact RingCentral, Inc., please visit www.ringcentral.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.