RingCentral Records Strong Q1 2024 Earnings Growth
RingCentral Q1 2024 Earnings Call: Highlights
RingCentral reported a solid start to the year with revenue rising 9% to $584 million in Q1. The company achieved a record quarter of profitability with operating margin at approximately 21%. RingCentral signed its largest UCaaS seat deal ever, demonstrating strength in enterprise growth. The company continues to focus on innovative products, such as RingCX, RingSense, and RingCentral Events, aiming for $100 million ARR. Looking ahead, RingCentral anticipates continued growth in its GSP channel and positive outcomes from its multiproduct platform.
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