RingCentral Records Strong Q1 2024 Earnings Growth

Wednesday, 8 May 2024, 06:00

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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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.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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