Ringcentral, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 03, 2021 at 04:05 pm EDT
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RingCentral, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 379.273 million compared to USD 277.985 million a year ago. Operating loss was USD 73.381 million compared to USD 29.336 million a year ago. Net loss was USD 110.956 million compared to net income of USD 509,000 a year ago. For the half year, total revenue was USD 731.629 million compared to USD 545.497 million a year ago. Operating loss was USD 115.392 million compared to USD 54.826 million a year ago. Net loss was USD 111.142 million compared to USD 60.212 million a year ago.
RingCentral, Inc. is a provider of artificial intelligence (AI)-driven cloud business communications, contact center, video, and hybrid event 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 offers a fully integrated business communications platform, which includes cloud private branch exchanges (PBX), cloud contact center, video meetings and webinars, and events. Its product portfolio includes RingCentral MVP, Contact Center as a Service (CCaaS), RingCentral Video, RingCentral Events, and RingSense. RingCentral MVP is a unified Communications as a Service (UCaaS) platform, which includes team messaging, video meetings, and a cloud phone system. RingCentral Video is a video meeting solution with team messaging that enables smart video meetings, rooms solutions, and webinars.
RINGCENTRAL, INC. 
