RingCentral, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2024
February 20, 2024 at 04:05 pm EST
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RingCentral, Inc. provided earnings guidance for the first quarter and full year 2024. For the quarter, the company expects total revenue range of $2.370 billion to $2.395 billion, representing annual growth of 8% to 9%.
For the full year 2024, the company expects total revenue range of $575 million to $580 million, representing annual growth of 8% to 9%.
RingCentral, Inc. is a provider of global enterprise cloud communications, video meetings, collaboration, and contact center software-as-a-service (SaaS) solutions. The Companyâs cloud-based business communications, collaboration, and customer engagement solutions function across multiple locations and devices, including smartphones, tablets, personal computers (PCs) and desk phones. The Company allows for communication across multiple modes, including high-definition (HD) voice, video, messaging and collaboration, conferencing, online meetings and fax. It offers three products in its portfolio, namely RingCentral MVP, a unified Communications as a Service (UCaaS) platform, including team messaging, video meetings, and a cloud phone system; Customer engagement solutions, including RingCentral Contact Center, RingCentral Engage Digital and Voice; and RingCentral Video, its video meeting solution with team messaging that enables smart video meetings.