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August 02, 2015 12:41 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...

20 Davis Drive

Belmont, CA 94002

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: 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. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015; Revised Earnings Guidance for the Year 2015

RingCentral, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's total revenues were $70,691,000 compared to $52,787,000 a year ago. Loss from operations was $9,539,000 compared to $12,810,000 a year ago. Loss before benefit for income taxes was $9,580,000 compared to $13,193,000 a year ago. Net loss was $8,211,000 compared to $13,330,000 a year ago. Basic and diluted loss per common share was $0.12 compared to $0.20 a year ago. Non-GAAP loss from operations was $3,428,000 compared to $8,879,000 a year ago. Non-GAAP net loss was $3,511,000 or $0.05 per basic and diluted share compared to $9,399,000 or $0.14 per basic and diluted share a year ago. For the quarter, cash flow from operations was a positive $900,000 compared to negative $8.5 million a year ago. For the six months, the company's total revenues were $136,009,000 compared to $101,049,000 a year ago. Loss from operations was $19,108,000 compared to $25,048,000 a year ago. Loss before benefit for income taxes was $20,108,000 compared to $26,069,000 a year ago. Net loss was $18,822,000 compared to $26,234,000 a year ago. Basic and diluted loss per common share was $0.27 compared to $0.40 a year ago. Net cash provided by operating activities was $383,000 compared to net cash used in operating activities of $10,982,000 a year ago. Purchases of property and equipment amounted to $8,236,000 compared to $10,506,000 a year ago. Non-GAAP loss from operations was $8,250,000 compared to $17,940,000 a year ago. Non-GAAP net loss was $9,375,000 or $0.27 per basic and diluted share compared to $19,126,000 or $0.40 per basic and diluted share a year ago. For the third quarter, the company expects revenue of $74 million to $75 million or growth of about 30% to 32% year-over-year. the company expects non-GAAP operating margin of negative 3% to 4%. This should lead to a non-GAAP loss per share of $0.03 to $0.05 based on 70 million weighted average shares outstanding. For the full year 2015, the company expects revenue of $288 million to $292 million or growth of 31% to 33% year-over-year, which is an increase from the prior guidance of $283 million to $289 million. Non-GAAP operating margin of negative 3% to 4%, an improvement of a point from the prior guidance of negative 4% to 5%. This should lead to non-GAAP net loss per share of $0.16 to $0.20 based on 70 million weighted average shares outstanding, an improvement from the prior guidance of a loss of $0.20 to $0.24.

RingCentral, Inc. Announces Integration of RingCentral Office® with Microsoft Office 365

RingCentral, Inc. announced a deep integration of RingCentral Office® with Microsoft Office 365. It seamlessly blends RingCentral’s cloud business phone system with a cloud productivity work environment, giving joint customers a powerful solution that embeds RingCentral into their core productivity workflow. RingCentral for Office 365 creates a business communications hub enabling users to communicate and collaborate in real-time with an easy-to-use interface that is simple to deploy and manage. Customers will enjoy an enterprise-grade cloud PBX solution from RingCentral that offers cloud-based business calling, SMS text messaging, conferencing, and web meeting capabilities. Users can click-to-call any phone number from within the Office 365 interface, and make outbound calls to phone numbers and calls internally across offices using the corporate directory. Contacts are automatically combined between RingCentral and Outlook and are easily searchable within a single interface. Users can also set up online video meetings and audio conferences that automatically appear in the Office 365 calendar.

RingCentral, Inc. to Report Q2, 2015 Results on Jul 30, 2015

RingCentral, Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 30, 2015

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