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RingCentral is a provider of cloud computing based phone systems to help small businesses manage mobile, fax and email communications. Its business communications solutions provide a single user identity across multiple locations and devices, such as smartphones, tablets, personal computers, and desk phones, and allow communication across channels including 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
Founded1999
HQBelmont, US
Websiteringcentral.com
Employee Ratings4.6
Culture scoreC-

Latest Updates

Employees (est.) (Dec 2019)2,363(+27%)
Job Openings187
Revenue (FY, 2019)$902.9 M(+35%)
Share Price (May 2020)$274.3 (+6%)

Key People/Management at RingCentral

Vlad Shmunis

Vlad Shmunis

Chief Executive Officer, Founder, and Chairman of the Board
Anand Eswaran

Anand Eswaran

President and Chief Operating Officer
John Marlow

John Marlow

Chief Administrative Officer, General Counsel, and Senior Vice President of Corporate Development
Praful Shah

Praful Shah

Chief Strategy Officer
Kira Makagon

Kira Makagon

Executive Vice President and Chief Innovation Officer
Vaibhav Agarwal

Vaibhav Agarwal

Chief Accounting Officer
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RingCentral Office Locations

RingCentral has offices in Belmont, Boulder, Centennial, Charlotte and in 8 other locations
Belmont, US (HQ)
20 Davis Dr
Boulder, US
2545 Central Ave #200
Centennial, US
8005 S Chester St #200
Charlotte, US
BB&T Center, 200 S College St #2200
Fort Lauderdale, US
6400 N Andrews Ave #200
New York, US
135 Madison Ave Ste 07-103
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RingCentral Financials and Metrics

RingCentral Revenue

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RingCentral's revenue was reported to be $902.86 m in FY, 2019
USD

Revenue (Q1, 2020)

267.5m

Gross profit (Q1, 2020)

194.1m

Gross profit margin (Q1, 2020), %

72.5%

Net income (Q1, 2020)

(60.7m)

EBIT (Q1, 2020)

(25.5m)

Market capitalization (29-May-2020)

24.1b

Closing stock price (29-May-2020)

274.3

Cash (31-Mar-2020)

762.1m

EV

24.4b
RingCentral's current market capitalization is $24.1 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

379.7m501.5m673.6m902.9m

Revenue growth, %

28%32%34%

Cost of goods sold

92.2m121.3m157.1m231.0m

Gross profit

287.5m380.3m516.5m671.8m
Quarterly
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

160.4m181.2m566.3m343.6m

Accounts Receivable

30.2m45.3m94.4m130.0m

Prepaid Expenses

15.3m21.5m23.8m25.4m

Inventories

63.0k
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

139.1m147.8m152.4m149.7m167.0m172.3m555.0m567.3m577.3m549.0m567.7m582.7m762.1m

Accounts Receivable

25.6m24.2m23.6m31.3m33.3m39.7m55.4m67.0m74.2m100.7m105.6m118.3m135.4m

Prepaid Expenses

12.9m14.6m16.6m17.4m17.9m22.2m24.1m24.6m74.2m29.7m33.1m31.9m34.3m

Inventories

902.0k122.0k84.0k
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(29.3m)(26.1m)(26.2m)(53.6m)

Depreciation and Amortization

14.7m16.2m23.3m37.9m

Inventories

(3.3m)

Accounts Payable

1.5m176.0k2.8m21.8m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

(6.6m)(14.4m)(22.4m)(7.3m)(14.3m)(20.1m)(2.7m)(11.0m)(20.5m)(6.4m)(15.6m)(28.3m)(60.7m)

Depreciation and Amortization

3.4m7.0m10.7m3.8m7.8m11.9m5.5m11.5m17.2m7.7m39.7m26.1m16.5m

Inventories

1.4m2.2m2.2m22.2m

Accounts Payable

(2.4m)(3.9m)(2.5m)(2.2m)(1.4m)2.2m(2.8m)(499.0k)(1.1m)7.8m11.1m10.6m888.0k
USDY, 2020

EV/EBIT

-957.8 x

EV/CFO

1.9 k x

Financial Leverage

3.8 x
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RingCentral Operating Metrics

RingCentral's Customers was reported to be 350 k in FY, 2016.
Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

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$49.10 m$52.50 m$56.10 m$64.70 m$69.20 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$589 m$629.60 m$673.60 m$776.70 m$830.80 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$509.20 m$548 m$591.70 m$694 m$749.20 m

Customers

350 k
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RingCentral Acquisitions / Subsidiaries

Company NameDateDeal Size
Connect First, Inc.
Dimelo, SA
RCLEC, Inc.
RCVA, Inc.
RingCentral Australia Pty Ltd
RingCentral Brasil Soluces EM TI LTDA
RingCentral B.V.
RingCentral Canada Inc.
RingCentral CH GmbH
RingCentral Espana SL
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RingCentral Revenue Breakdown

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RingCentral revenue breakdown by business segment: 91.0% from Software Subscriptions and 9.0% from Other

RingCentral Online and Social Media Presence

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RingCentral Company Culture

  • Overall Culture

    C-

    63/100

  • CEO Rating

    B

    71/100

  • Compensation

    C

    64/100

  • Diversity

    B

    72/100

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RingCentral News and Updates

RingCentral Stock Gains 54% In Four Months On New Avaya Partnership

In early October, RingCentral announced it would become the exclusive provider of cloud-based unified communications solutions to Avaya.

RingCentral stock up nearly 6% after Q3 beat, upped guidance

Shares of RingCentral Inc. nearly 6% in the extended session Monday after the cloud-computing company reported adjusted third-quarter earnings and sales above expectations and raised its guidance for the year. RingCentral said it lost $12.8 million, or 15 cents a share, in the quarter, compared wit…

Avaya dials up RingCentral for cloud technology after suitor search

After months of evaluating sale and merger options, telecommunications gear provider Avaya Holdings Corp on Thursday announced a strategic partnership and $500 million cash contribution from RingCentral Inc.

RingCentral Dials Up Competition In The $56 Billion Unified Communications Market

RingCentral's cloud-based solutions replace on-premises PBX systems.

DVSAnalytics Delivers RingCentral Integration

Enterprise-Class Workforce Optimization for RingCentral Customers
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RingCentral Blogs

How Telecoms can Embrace the Omni-Digital Era

In all industries, customer experience plays an increasingly major role in purchasing decisions. A study found that it will overtake price and product as the key brand differentiator in 2020.  This is especially true in the telecommunications industry. As prices and offers are often similar between …

Healthcare Communication Systems: 3 Common HIPAA Compliance Hiccups and How to Solve Them

When you think about HIPAA, your most pressing concern is most likely paper and digital healthcare records. You might not give much thought to the fact that your communication systems also need to be HIPAA-compliant. That’s especially true if you’re using a VoIP system. A well-designed HIPAA-complia…

What HITRUST-Certified Communication Solutions Mean for Your Medical Practice

The number of healthcare data breaches has skyrocketed over the past several years. Although 2019 isn’t over yet, there have been at least 25 million breaches in this industry, ten million more than in 2018. These numbers are frightening; your patients’ data, or even your own, could be at risk. Ther…

Improve Patient Engagement and Satisfaction with the Right Healthcare Communication Platform

Over the years, it’s become clear when the patient is put at the center of the healthcare system, everyone benefits. Patient-focused outcomes lead to better scheduling, enhanced coordination of care (with the aim of shorter hospital stays), and stronger patient engagement post-discharge. What’s enab…

Medical Apparel Maker Says RingCentral Fax® Makes Order Processing So Easy… “It’s Like Printing Money”

TiScrubs makes athletic-inspired performance-wear scrubs for medical professionals. In fact, the company’s founder, Dr. Bill Busch, invented this unique type of apparel: antimicrobial, moisture-wicking scrubs with the same mesh paneling … Read more "Medical Apparel Maker Says RingCentral Fax® Makes…

EX + CX: Why They’re Better Together

This is a guest post from Jon Arnold, of JArnold and Associates. For an audio version of this content, check out the podcast.  As cloud-based offerings mature, new options emerge for businesses to make collaboration a more powerful driver of growth. Most are legacy-based, and intended to be used in …
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RingCentral Frequently Asked Questions

  • When was RingCentral founded?

    RingCentral was founded in 1999.

  • Who are RingCentral key executives?

    RingCentral's key executives are Vlad Shmunis, Anand Eswaran and John Marlow.

  • How many employees does RingCentral have?

    RingCentral has 2,363 employees.

  • What is RingCentral revenue?

    Latest RingCentral annual revenue is $902.9 m.

  • What is RingCentral revenue per employee?

    Latest RingCentral revenue per employee is $382.1 k.

  • Who are RingCentral competitors?

    Competitors of RingCentral include Genesys, Zoom and Twilio.

  • Where is RingCentral headquarters?

    RingCentral headquarters is located at 20 Davis Dr, Belmont.

  • Where are RingCentral offices?

    RingCentral has offices in Belmont, Boulder, Centennial, Charlotte and in 8 other locations.

  • How many offices does RingCentral have?

    RingCentral has 13 offices.