RingCentral Announces Fourth Quarter 2019 Results
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Ringcentral, Inc. (RNG) Tops Q4 EPS by 1c, Revenues Beat; Offers Q1 & FY20 EPS Mid-Point Guidance Above Consensus, Q1 & FY20 Revenue Views Above Consensus
February 10, 2020 4:09 PM ESTRingcentral, Inc. (NYSE: RNG) reported Q4 EPS of $0.22, $0.01 better than the analyst estimate of $0.21. Revenue for the quarter came in at $253 million versus the consensus estimate of $239.45 million.
Fourth Quarter Financial Highlights
Total revenue increased 34% year over year to $253 million.Subscriptions revenue increased 33% year over year to $229 million.Annualized Exit Monthly Recurring Subscriptions (ARR) increased 32% year over year to $960 million.RingCentral Office® ARR increased 36% year over year to $877 million.Mid-market and Enterprise ARR increased 59% year over year to $479 million.Enterprise ARR increased 71% year over year to $293... More