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.
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 Detroit, St. Louis, Indianapolis, Toronto 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 (Q2, 2018)

311.2m

Gross profit (Q2, 2018)

237.4m

Gross profit margin (Q2, 2018), %

76.3%

Net income (Q2, 2018)

(11.0m)

EBIT (Q2, 2018)

(6.0m)

Market capitalization (15-Oct-2018)

6.4b

Closing stock price (15-Oct-2018)

80.2

Cash (30-Jun-2018)

567.3m
Ringcentral's current market capitalization is $6.4 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, 2018

Revenue

41.9m48.3m52.8m56.9m65.3m70.7m76.8m86.5m91.8m96.8m111.8m119.0b129.8b150.3m311.2m

Cost of goods sold

16.0m17.9m19.5m19.4m20.5m21.5m22.3m21.7m22.4m23.5m27.3m29.6b35.7m73.7m

Gross profit

26.0m30.4m33.2m37.5m44.8m49.2m54.4m64.8m69.5m73.4m84.5m89.4b114.7m237.4m

Gross profit Margin, %

62%63%63%66%69%70%71%75%76%76%76%75%76%76%
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, 2018

Cash

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

Accounts Receivable

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

Inventories

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

Current Assets

41.6m179.8m167.8m167.2m158.9m158.5m162.5m178.5m186.7m192.7m198.4m218.2m234.2m651.1m678.1m
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, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

(8.9m)(12.9m)(13.3m)(12.0m)(10.6m)(8.2m)(6.3m)(6.6m)(7.8m)(8.0m)(7.3m)(5.7b)(2.7m)(11.0m)

Depreciation and Amortization

5.5m11.5m

Inventories

2.2m2.0m2.1m2.4m2.3m902.0k122.0k84.0k22.2m

Accounts Payable

4.3m5.7m4.9m6.0m4.2m2.8m2.0m4.7m4.7m10.0m(2.8m)(499.0k)
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

2018 Gartner UCaaS Magic Quadrant: Positioned furthest to the right within the Leaders quadrant for completeness of vision and ability to execute

We’re recognized once again as a Leader in the 2018 Gartner Magic Quadrant for Unified Communications as a Service (UCaaS) worldwide. This year we outpaced the market and are positioned furthest to the right within the Leaders quadrant for completeness of vision and ability to execute. See the full …

What the Airbus A380 Can Teach Us About Seamless Business Communications

When you jump on an Airbus A380, you’re likely not thinking about the 320 miles of wire and the nearly four million individual parts that make up the aircraft. And why would you? Yes, all those parts working together gets you where you want to go, but you have other things to think about. The […]

Elevate Your Perspective at ConnectCentral 2018

In many ways, the difference between a great leader and a visionary leader comes down to one simple word: perspective. Consider the following… When Amazon started selling books online, most observers laughed at Jeff Bezos. Why order a book online when you could easily grab one at the bookstore? When…

Transitioning to Contact Center 2.0: Business Drivers and Benefits

Businesses are discovering that customer experience (CX) is critical to maintaining and increasing market share ‑ and to improve that experience, successful businesses are transitioning from traditional contact centers to more collaborative, cloud-based solutions. This “Contact Center 2.0” represent…

Using a Business Phone Service for Better Lead Nurturing

Lead nurturing is an intricate process that requires the right amount of attention to detail and a smart approach to each stage of the customer journey. However, the task of … Read more "Using a Business Phone Service for Better Lead Nurturing" The post Using a Business Phone Service for Better Lea…

The Unexpected Business Impact of Team Messaging Apps for Small Businesses

Team messaging apps are growing quickly in popularity as the preferred “home base” for business communications. While most small business owners and entrepreneurs understand the value of team communication apps for their internal teams, smart SMBs are extending their use of team messaging to include…
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Ringcentral Company Life and Culture

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