OverviewSuggest Edit

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
Overall CultureC-

Latest Updates

Employees (est.) (Dec 2019)2,363(+27%)
Job Openings305
Revenue (FY, 2019)$902.9 M(+35%)
Share Price (Nov 2020)$297.1 (-2%)
Cybersecurity ratingCMore

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
Vlad Vendrow

Vlad Vendrow

Co-Founder and Chief Technology Officer
Kira Makagon

Kira Makagon

Executive Vice President and Chief Innovation Officer
Praful Shah

Praful Shah

Chief Strategy Officer
Trevor Schulze

Trevor Schulze

Senior Vice President and Chief Information 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 (Q2, 2020)

257.0m

Gross profit (Q2, 2020)

200.3m

Gross profit margin (Q2, 2020), %

77.9%

Market capitalization (13-Nov-2020)

26.6b

Closing stock price (13-Nov-2020)

297.1

Cash (30-Jun-2020)

773.8m

EV

26.9b
RingCentral's current market capitalization is $26.6 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, 2020Q2, 2020

Cash

139.1m147.8m152.4m149.7m167.0m172.3m555.0m567.3m577.3m549.0m567.7m582.7m762.1m773.8m

Accounts Receivable

25.6m24.2m23.6m31.3m33.3m39.7m55.4m67.0m74.2m100.7m105.6m118.3m135.4m142.3m

Prepaid Expenses

12.9m14.6m16.6m17.4m17.9m22.2m24.1m24.6m74.2m29.7m33.1m31.9m34.3m39.4m

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, 2020Q2, 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)(60.2m)

Depreciation and Amortization

3.4m7.0m10.7m3.8m7.8m11.9m5.5m11.5m17.2m7.7m39.7m26.1m16.5m34.5m

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(973.0k)
USDQ1, 2016

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

2 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

C

79/100

SecurityScorecard logo

RingCentral Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

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 up after Q3 beat, raised guidance

Shares of RingCentral Inc. rose nearly 5% in the extended session Monday after the VoIP and other cloud communications provider reported third-quarter results above Wall Street expectations and raised its 2020 guidance. RingCentral said it lost $21 million, or 24 cents a share, in the quarter, comp…

Europe Contact Center Transformation Market Report 2020 Featuring AT&T, Cisco, Microsoft, RingCentral, SAP, Five9, AGC Networks, Talkdesk, Genesys Telecommunications Laboratories, Aculab

DUBLIN, Sept. 24, 2020 /PRNewswire/ -- The "Europe Contact Center Transformation Market By Component, By Deployment Type, By Organization Size, By End User, By Country, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering. The Europe...

Atos and RingCentral launch Unify Office in France

Paris, France and Belmont, Calif.– September 21, 2020 – Atos SE (CAC40: ATO), a global leader in digital transformation and RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, collaboration, and contact center solutions, today announced the first release of U…

Frost & Sullivan Recognizes RingCentral as Innovation Leader in the European Hosted IP Telephony and UCaaS Industry

RingCentral's flexible cloud technology and proprietary platform enable rapid innovation and cost-effective scalability SANTA CLARA, Calif., Aug. 12, 2020 /PRNewswire/ -- Frost & Sullivan has identified RingCentral, a leading provider of global enterprise cloud communications,...

: RingCentral stock falls despite beating earnings expectations

RingCentral Inc. RNG shares fell in the extended session Monday even though the enterprise cloud communications company reported results that beat expectations. The Belmont, Calif.-based company’s shares fell 1.5% in after-hours trading, after a 5.4% gain in the regular session to close at $305.36. …
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RingCentral Blogs

8 sales productivity strategies to drive more sales

There are many learning curves you may come across as a small business owner—like adapting to changes within the industry or knowing when to take the “customer is always right” approach for tricky situations. Developing a good sales productivity strategy is one of these learning curves. If you’ve n…

5 pitfalls to watch out for as your startup grows

No matter how great you know your tech startup could be, there’s always a little fear. Are you doing everything right? Are you missing anything? Are there some major pitfalls you’re falling victim to? That’s because, despite your great idea, your funding, and your mission, you’re probably dealing w…

Adapting agent monitoring and analytics for a distributed team

Today, contact centers are increasingly moving to the cloud. While that creates advantages such as cost savings for companies, it can create complications for contact center managers. Agents are no longer on-site, making it more difficult to engage them, coach them, supervise them, and of course, a…

The best CRM for small businesses—at every price range

Updated November 2020 If you’re managing a small business, you know all too well the importance of organization. From inventory management to customer pipelines, an organized business is a successful business. And as business continues to grow, it becomes more difficult to stay organized. There are…

Using social media for small business: An in-depth guide

To grow a small business, you have to wear many hats—that of a founder, marketer, accountant, salesperson, customer service, and even your own coffee runner. And guess what’s an area that helps you cure your headaches related to all these business functions? Social media. Well, maybe it won’t help …

Allyship and Action for Transgender Day of Remembrance

Byline: Jedd Ong   Transgender Day of Remembrance (Friday, November 20, 2020) is the culmination of Transgender Awareness Week — a week when transgender people and their allies bring attention to the community by educating the public about who transgender people are—sharing stories and experiences,…
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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 Vlad Vendrow.

  • 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 Placetel, Twilio and j2 Global.

  • 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.