NYSE:RNG - New York Stock Exchange, Inc. - US76680R2067 - Common Stock - Currency: USD
RingCentral achieved GAAP operating profitability for the first time in 2024 but forward guidance dented sentiment toward the stock.
RNG earnings call for the period ending December 31, 2024.
Office and call centre communications software provider RingCentral (NYSE:RNG) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 7.6% year on year to $614.5 million. On the other hand, next quarter’s revenue guidance of $609.5 million was less impressive, coming in 2.7% below analysts’ estimates. Its non-GAAP profit of $0.98 per share was 1.3% above analysts’ consensus estimates.
Office and call centre communications software provider RingCentral (NYSE:RNG) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 7.6% year on year to $614.5 million. On the other hand, next quarter’s revenue guidance of $609.5 million was less impressive, coming in 2.7% below analysts’ estimates. Its non-GAAP profit of $0.98 per share was 1.3% above analysts’ consensus estimates.
Office and call centre communications software provider RingCentral (NYSE:RNG) will be reporting results tomorrow after the bell. Here’s what to expect.
RNG earnings call for the period ending September 30, 2024.
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