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2018 Q2 – RingCentral

Current Highlights

  • Total quarterly revenue increased 34% year-over-year to $161 million.
  • Software subscriptions revenue increased 32% year over year to $146 million.
  • Annualized Monthly Recurring Subscriptions (ARR) increased 32% year-over-year to $630 million, of which $548 million is from RingCentral Office.
  • Management continues to cite growth with mid-market and enterprise customers (+80%).
  • Non-North America revenues represent less than 5% of total.