RingCentral, Inc. (NYSE:RNG) Q1 2024 Earnings Call Transcript May 7, 2024 RingCentral, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Thank you for standing by. This is the conference operator. Welcome to the RingCentral First Quarter 2024 Earnings Conference […]
RingCentral's (RNG) first-quarter 2024 results benefit from a robust product portfolio and strong subscription revenue growth.
Shares of office and call centre communications software provider RingCentral (NYSE:RNG) jumped 15.7% in the after-market session after the company reported first quarter results that beat analysts' billings, revenue and EPS expectations. Its gross margin improved and free cash flow was solid. Looking ahead, revenue guidance for the next quarter came in roughly inline with Wall Street's expectations. Zooming out, we think this was a decent quarter, showing that the company is staying on target.