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May 28, 2015 2:43 AM ET

Wireless Telecommunication Services

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...

1400 Fashion Island Boulevard

Suite 700

San Mateo, CA 94404

United States

Founded in 1999

609 Employees

Phone:

650-472-4100

Fax:

888-528-7464

Key Executives for RingCentral, Inc.

Co-Founder, Chairman and Chief Executive Officer
Age: 53
Total Annual Compensation: $475.0K
Chief Financial Officer and Executive Vice President
Age: 54
Total Annual Compensation: $320.0K
Senior Vice President of Corporate Development and General Counsel
Age: 45
Total Annual Compensation: $260.0K
Senior Vice President of Strategy
Age: 58
Total Annual Compensation: $260.0K
Compensation as of Fiscal Year 2014.

RingCentral, Inc. Key Developments

RingCentral, Inc. Expands Distribution of Cloud Communications with Tech Data Corporation

RingCentral, Inc. and Tech Data Corporation announced a new agreement to enable Tech Data’s channel of solution providers in the U.S. to sell RingCentral’s cloud communications solution to business customers. RingCentral’s offering is available through Tech Data’s StreamOne Solutions Store.

RingCentral, Inc. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-13-2015 02:00 PM

RingCentral, Inc. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-13-2015 02:00 PM. Venue: Mandarin Oriental Brickell, Miami, Florida, United States. Speakers: Clyde R. Hosein, Chief Financial Officer and Executive Vice President.

RingCentral, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter 2015; Revises Earnings Guidance for the Full Year 2015

RingCentral, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's total revenues were $65,318,000 against $48,262,000 a year ago. Loss from operations was $9,569,000 against $12,238,000 a year ago. Loss before provision for income taxes was $10,528,000 against $12,876,000 a year ago. Net loss was $10,611,000 or $0.15 basic and diluted per share against $12,904,000 or $0.20 basic and diluted per share a year ago. Net cash used in operating activities was $687,000 against $2,463,000 a year ago. Purchases of property and equipment were $3,298,000 against $3,509,000 a year ago. Non-GAAP loss from operations was $4,822,000 against $9,061,000 a year ago. Non-GAAP Net loss was $5,864,000 or $0.09 basic and diluted per share against $9,727,000 or $0.15 basic and diluted per share a year ago. For the second quarter, the company's expect revenue of $68 million to $69 million, a growth of about 29% to 31% year-over-year. The company expects non-GAAP operating margin of negative 6% to 8%. This should lead to a non-GAAP EPS loss of $0.07 to $0.09 per share based on 69 million weighted average shares outstanding. For the full year 2015, the company expects revenue of $283 million to $289 million, with growth up 29% to 31% year-over-year, an increase from prior guidance of $279 million to $286 million. Non-GAAP operating margin of negative 4% to 5%, an improvement from prior guidance of negative 4% to 6%. This should lead to non-GAAP EPS loss of $0.20 to $0.24 per share based on 70 million weighted average shares outstanding, an improvement from prior guidance of a loss of $0.20 to $0.28.

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