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
Founded in 1999
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
Feb 4 16
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
Feb 3 16
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
Jan 28 16
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.