RingCentral is a provider of SaaS solutions for businesses to support modern communications. The Company's cloud-based business communications solutions provide a single user identity across multiple locations and devices, such as smartphones, tablets, personal computers and desk phones, and allow for communication across multiple channels, including high definition voice, video, short messaging service, messaging and collaboration, conferencing, online meetings, and fax. Its products include RingCentral Office, RingCentral Professional, RingCentral Fax, RingCentral Contact Center and RingCentral Glip.

Employee Rating

4.1More
TypePublic
HQBelmont, US
Founded2003
Size (employees)1,037 (est)
Websiteringcentral.com
Ringcentral was founded in 2003 and is headquartered in Belmont, US
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Key People/Management at Ringcentral

Dave Sipes

Dave Sipes

COO
Vlad Vendrow

Vlad Vendrow

Co-Founder and Chief Technology Officer
Ryan Azus

Ryan Azus

Senior Vice President of Worldwide Sales
Praful Shah

Praful Shah

Senior Vice President of Strategy
Vlad Shmunis

Vlad Shmunis

CEO, Founder, and Chairman
Kira Makagon

Kira Makagon

Executive Vice President of Innovation
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Ringcentral Office Locations

Ringcentral has offices in Belmont, St. Louis, Indianapolis, Vancouver and in 22 other locations
Belmont, US (HQ)
20 Davis Dr
Boca Raton, US
202 5901 Broken Sound Pkwy NW
Centennial, US
200 8005 S Chester St
Charlotte, US
2320 121 W Trade St
London, GB
85 Uxbridge Rd
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Ringcentral Financials and Metrics

Ringcentral Revenue

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Ringcentral's revenue was reported to be $501.53 m in FY, 2017
USD

Revenue (Q3, 2018)

173.8m

Gross profit (Q3, 2018)

134.6m

Gross profit margin (Q3, 2018), %

77.4%

Net income (Q3, 2018)

(9.5m)

EBIT (Q3, 2018)

(7.0m)

Market capitalization (14-Dec-2018)

6.6b

Closing stock price (14-Dec-2018)

82.5

Cash (30-Sep-2018)

577.3m
Ringcentral's current market capitalization is $6.6 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

160.5m219.9m296.2m379.7m501.5m

Revenue growth, %

37%35%28%

Cost of goods sold

61.5m76.8m87.3m92.2m121.3m

Gross profit

99.0m143.1m209.0m287.5m380.3m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

41.9m48.3m52.8m56.9m65.3m70.7m76.8m86.5m91.8m96.8m111.8m119.4m129.8m150.3m160.8m173.8m

Cost of goods sold

16.0m17.9m19.5m19.4m20.5m21.5m22.3m21.7m22.4m23.5m27.3m29.6m30.8m35.7m38.1m39.3m

Gross profit

26.0m30.4m33.2m37.5m44.8m49.2m54.4m64.8m69.5m73.4m84.5m89.9m99.0m114.7m122.8m134.6m

Gross profit Margin, %

62%63%63%66%69%70%71%75%76%76%76%75%76%76%76%77%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

116.4m113.2m137.6m160.4m181.2m

Accounts Receivable

3.0m7.7m19.2m30.2m45.3m

Inventories

5.2m8.8m12.0m15.3m

Current Assets

126.7m159.8m171.0m205.9m248.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

25.5m166.8m151.4m120.7m114.2m120.8m130.0m139.1m147.8m152.4m149.7m167.0m172.3m555.0m567.3m577.3m

Accounts Receivable

2.5m3.9m5.1m7.4m11.6m12.2m15.2m25.6m24.2m23.6m31.3m33.3m39.7m55.4m67.0m74.2m

Inventories

2.0m2.3m2.2m2.0m2.1m2.4m2.3m902.0k122.0k84.0k22.2m

Current Assets

41.6m179.8m167.8m167.2m158.9m158.5m162.5m178.5m186.7m192.7m198.4m218.2m234.2m651.1m678.1m702.2m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(46.1m)(48.3m)(32.1m)(29.3m)(26.1m)

Depreciation and Amortization

9.0m10.4m13.5m14.7m16.2m

Inventories

(1.9m)(3.6m)(3.6m)(3.3m)

Accounts Payable

(453.0k)(510.0k)1.6m1.5m176.0k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(32.7m)(12.9m)(26.2m)(38.2m)(10.6m)(18.8m)(25.2m)(6.6m)(14.4m)(22.4m)(7.3m)(14.3m)(20.1m)(2.7m)(11.0m)(20.5m)

Depreciation and Amortization

6.6m2.1m4.6m7.4m6.5m9.9m3.4m7.0m10.7m3.8m7.8m11.9m5.5m11.5m17.2m

Inventories

(1.2m)(190.0k)(63.0k)100.0k2.1m(661.0k)(577.0k)1.4m2.2m2.2m22.2m

Accounts Payable

1.7m(1.4m)(504.0k)1.1m4.9m1.3m(61.0k)(2.4m)(3.9m)(2.5m)(2.2m)(1.4m)2.2m(2.8m)(499.0k)(1.1m)
USDY, 2018

Financial Leverage

2.8 x
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Ringcentral Operating Metrics

Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017

Monthly Recurring Subscriptions

$18.30 m$21.10 m$22.90 m$24.80 m$28.40 m$30.30 m$32.50 m$37.60 m$39.80 m$42.80 m

Annualized Exit Monthly Recurring Subscriptions

$219.80 m$253.70 m$274.60 m$297.50 m$340.30 m$364 m$389.50 m$450.80 m$478 m$513.70 m

Annualized Exit Monthly Recurring Subscriptions (RingCentral Office)

$153.70 m$185.40 m$205.40 m$227.70 m$269.30 m$291.90 m$316.80 m$373 m$398.90 m$433.70 m

Patents Pending

74 66 74
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Ringcentral Revenue Breakdown

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Ringcentral revenue breakdown by business segment: 93.7% from Software Subscriptions and 6.3% from Other

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Ringcentral Online and Social Media Presence

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Ringcentral Blogs

While New UCaaS Capabilities Abound, Security and Reliability Should Guide Decisions

Cloud communications decision makers are often drawn in by the bells and whistles of the latest innovations. It can sometimes be difficult to evaluate what are likely the most critical factors in the provider selection process, specifically a provider’s historical service performance and security po…

Why Access to Advanced Features and Service Delivery Lead to Stronger UCaaS Adoption

Early Unified Communications as a Service (UCaaS) adopters frequently cited the considerable cost and efficiency benefits of cloud communications as one of their primary motivators for adopting the technology. While those benefits certainly remain a strong reason behind the surge in popularity of cl…

How We Built An Award-Winning Office in Charlotte

Four years ago, RingCentral opened its Charlotte office to better serve East Coast customers and tap into the strong local talent pool. We started small with a team of just three people. In the first three years, we saw a 1,500% increase in headcount and now have over 100 employees in Charlotte. As …

RingCentral November Release: Making your solution more seamless, convenient, and powerful.

The enhancements featured in our November RingCentral Office® release are a testament to our commitment to bringing you a solution that works just as you do and enables you to do your best work, wherever you do business. This month, we bring you improvements to the RingCentral app, flexible calling …

Content Collaboration and Data Archival Made Easier with RingCentral for Box

In the digital era, information in the form of data and content is generated at tremendous speeds and with teams and offices more mobile and dispersed than ever before. There … Read more "Content Collaboration and Data Archival Made Easier with RingCentral for Box" The post Content Collaboration an…

RingCentral Recognizes Six Customers for Their Impact on Business and Community

As a company that prides itself on its commitment to innovation, RingCentral also recognizes that our most important innovations come from our customers. Their creative use of our technology provides the inspiration that sparks our ideas and fuels our new product development. Each year at ConnectCen…
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Ringcentral Company Life and Culture

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Ringcentral Frequently Asked Questions

  • When was Ringcentral founded?

    Ringcentral was founded in 2003.

  • Who are Ringcentral key executives?

    Ringcentral's key executives are Dave Sipes, Vlad Vendrow and Ryan Azus.

  • How many employees does Ringcentral have?

    Ringcentral has 1,037 employees.

  • What is Ringcentral revenue?

    Latest Ringcentral annual revenue is $501.5 m.

  • What is Ringcentral revenue per employee?

    Latest Ringcentral revenue per employee is $483.6 k.

  • Who are Ringcentral competitors?

    Competitors of Ringcentral include Genesys, InterMedia and ClickMeeting.

  • Where is Ringcentral headquarters?

    Ringcentral headquarters is located at 20 Davis Dr, Belmont.

  • Where are Ringcentral offices?

    Ringcentral has offices in Belmont, St. Louis, Indianapolis, Vancouver and in 22 other locations.

  • How many offices does Ringcentral have?

    Ringcentral has 26 offices.