November 27, 2014 10:09 PM ET

Wireless Telecommunication Services

Company Overview of RingCentral, Inc.

Company Overview

RingCentral, Inc. provides software-as-a-service solutions for business communications primarily in the United States. The company’s services include RingCentral Office, a multi-location, multi-user, enterprise-grade communications solution that enables employees to communicate through voice, text, HD video and Web conferencing, and fax on devices, including smartphones, tablets, PCs, and desk phones for businesses that require a communications solution; RingCentral Professional, an inbound call routing service with text and fax capabilities for smaller businesses; and RingCentral Fax solution that provides Internet fax capabilities, which allow businesses to send and receive fax documents w...

1400 Fashion Island Boulevard

7th Floor

San Mateo, CA 94404

United States

Founded in 1999

445 Employees

Phone:

650-472-4100

Fax:

888-528-7464

Key Executives for RingCentral, Inc.

Co-Founder
Age: 53
Total Annual Compensation: $426.0K
President
Age: 43
Total Annual Compensation: $179.5K
Chief Financial Officer
Age: 54
Total Annual Compensation: $121.2K
Executive Vice President of Innovation
Age: 51
Total Annual Compensation: $112.4K
Compensation as of Fiscal Year 2013.

RingCentral, Inc. Key Developments

RingCentral, Inc. Presents at Jefferies 2014 Austin Internet and Software Summit, Nov-19-2014 09:50 AM

RingCentral, Inc. Presents at Jefferies 2014 Austin Internet and Software Summit, Nov-19-2014 09:50 AM. Venue: W Hotel, Austin, Texas, United States. Speakers: Clyde R. Hosein, Chief Financial Officer, Principal Accounting Officer and Executive Vice President, Vladimir G. Shmunis, Co-Founder, Chairman and Chief Executive Officer.

RingCentral, Inc. Presents at Goldman Sachs Group 2014 US Emerging / SMID Cap Growth Conference, Nov-20-2014 02:20 PM

RingCentral, Inc. Presents at Goldman Sachs Group 2014 US Emerging / SMID Cap Growth Conference, Nov-20-2014 02:20 PM. Venue: New York Marriott Marquis, New York, New York, United States. Speakers: Clyde R. Hosein, Chief Financial Officer, Principal Accounting Officer and Executive Vice President, Vladimir G. Shmunis, Co-Founder, Chairman and Chief Executive Officer.

RingCentral, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014

RingCentral, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, total revenues were $56,944,000 against $41,934,000 a year ago. Loss from operations was $10,814,000 against $8,151,000 a year ago. Loss before provision for income taxes was $11,967,000 against $8,798,000 a year ago. Net loss was $11,986,000 or $0.18 per basic and diluted share against $8,852,000 or $0.36 per basic and diluted share a year ago. Non-GAAP loss from operations was $6,616,000 against $7,101,000 a year ago. Non-GAAP net loss was $7,788,000 or $0.11 per basic and diluted share against $7,802,000 or $0.32 per basic and diluted share a year ago. earnings per share was negatively impacted by about $0.01, mostly due to currency translation effects on foreign balance sheet. This amount is embedded in other income line. For the quarter, cash flow from operations was positive $3.9 million compared to negative $8.2 million for third quarter of last year. For the nine months, total revenues were $157,993,000 against $115,163,000 a year ago. Loss from operations was $35,862,000 against $30,678,000 a year ago. Loss before provision for income taxes was $38,036,000 against $32,798,000 a year ago. Net loss was $38,220,000 or $0.58 per basic and diluted share against $32,732,000 or $1.41 per basic and diluted share a year ago. Net cash used in operating activities was $7,108,000 against $20,590,000 a year ago. Purchases of property and equipment were $15,169,000 against $9,024,000 a year ago. Non-GAAP loss from operations was $24,556,000 against $23,035,000 a year ago. Non-GAAP net loss was $26,914,000 or $0.41 per basic and diluted share against $25,089,000 or $1.08 per basic and diluted share a year ago. For the fourth quarter, the company expects revenue of $59.5 million to $60.5 million or growth of 31% to 33% year-over-year. The company expects non-GAAP operating margin at 9% to 11%. This should lead to a non-GAAP EPS loss of $0.09 to $0.11 per share based on 68 million weighted average shares outstanding. For the full year fiscal 2014, the company now expect revenue of $217.5 million to $218.5 million or growth of 36% year-over-year. This is an improvement compared to its prior guidance of revenue of $213 million to $216 million and reflect both performance in third quarter and the continued momentum the company see in its business.

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