Craft

RingCentral

Stock Price

$27.9

2024-07-05

Market Capitalization

$2.3 B

2024-07-05

Revenue

$2.2 B

FY, 2023

RingCentral Summary

Company Summary

Overview
RingCentral is a provider of enterprise cloud communications, collaboration, and other contact center solutions. It offers a range of products such as RingEX, a platform for team messaging, video meetings, and a cloud phone system; RingCentral Rooms, for connecting remote teams and on-site teams for video meetings; RingCentral Webinar, an app that enables its user to manage webinar setups, live events, and reporting, as well as sends automatic panelist scheduling and attendee email reminders, etc. The company caters to education, healthcare, automotive, retail, manufacturing, and other industries.
Type
Public
Status
Active
Founded
1999
HQ
Belmont, CA, US | view all locations
Website
https://www.ringcentral.com/
Cybersecurity rating
ESG rating
40-49 out of 100|View all ESG data
Sectors

Key People

  • Vlad Shmunis

    Vlad Shmunis, Founder, Chairman, and Chief Executive Officer

  • Vlad Vendrow

    Vlad Vendrow, Co-Founder and Chief Technology Officer

  • Sonalee Parekh

    Sonalee Parekh, Chief Financial Officer

  • Bobbie Grafeld

    Bobbie Grafeld, Chief Human Resources Officer

Operating MetricsView all

Monthly Recurring Subscriptions

$197.5M
9.7%

Q1, 2024

Annualized Exit Monthly Recurring Subscriptions

$2.4B
9.7%

Q1, 2024

Annualized Exit Monthly Recurring Subscriptions (RingCentral Office)

$1.8B

Q1, 2022

LocationsView all

24 locations detected

  • Belmont, CA HQ

    United States

    20 Davis Dr

  • Centennial, CO

    United States

    8005 S Chester St #200

  • Charlotte, NC

    United States

    200 S College St #1900

  • Dallas, TX

    United States

    14675 Dallas Pkwy #200

  • Sydney, NSW

    Australia

    Floor 28/161 Castlereagh St

  • Sofia, Sofia City Province

    Bulgaria

    Expo Center, 7-Mi Kilometar Mladost, Boulevard, "Tsarigradsko shose"

and 18 others

RingCentral Financials

Summary Financials

Revenue (Q1, 2024)
$584.2M
Gross profit (Q1, 2024)
$413.7M
Net income (Q1, 2024)
($28.5M)
Cash (Q1, 2024)
$203.1M
EBIT (Q1, 2024)
($10.9M)
Enterprise value
$3.7B

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