RingCentral Announces Second Quarter 2021 Results

RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced financial results for the second quarter ended June 30, 2021.

Second Quarter Financial Highlights

  • Total revenue increased 36% year over year to $379 million.
  • Subscriptions revenue increased 37% year over year to $351 million.
  • Total Annualized Exit Monthly Recurring Subscriptions (ARR) increased 37% year over year to $1.5 billion.
  • RingCentral Office® ARR (UCaaS + CCaaS) increased 41% year over year to $1.4 billion.“Second quarter results were outstanding, as contributions from our upmarket momentum and key partners including Avaya, Atos, AT&T, BT, and Telus continued to increase,” said Vlad Shmunis, RingCentral’s founder, chairman and CEO. “As businesses embrace hybrid workforces, they require next generation mobile-first platforms that support team messaging, video meetings, and phone system capabilities. RingCentral, with its unparalleled track record of trust, innovation, and partnerships, and its differentiated MVP platform, now seamlessly integrated with an industry leading cloud contact center solution, is uniquely positioned to meet these communication and collaboration needs.”

[…]