Welcome to our dedicated page for RingCentral news (Ticker: RNG), a resource for investors and traders seeking the latest updates and insights on RingCentral stock.
RingCentral (NYSE: RNG) is a leading provider of cloud-based communication and collaboration solutions, powering modern enterprises with unified voice, video, and messaging platforms. This dedicated news hub delivers timely updates on corporate developments, financial performance, and strategic initiatives essential for stakeholders.
Access verified press releases, earnings announcements, and partnership updates in one centralized location. Track key developments including product innovations, executive appointments, and market expansion efforts shaping the UCaaS industry.
Our curated collection features:
• Quarterly financial results
• Product launch announcements
• Strategic partnership updates
• Industry recognition and awards
Bookmark this page for direct access to RingCentral's official communications and third-party analyses. Check regularly for updates on how the company continues transforming business communications through cloud technology.
RingCentral, Inc. (NYSE: RNG) has appointed Nat Natarajan as its new Executive Vice President of Products and Engineering. Natarajan, previously Chief Product and Technology Officer at Ancestry, brings over 20 years of experience in product development and technology leadership. His focus will be on enhancing RingCentral’s products and cloud operations to support the evolving demands of remote work. Additionally, Kira Makagon will lead RingCentral Ventures, aiming to foster startup partnerships to drive innovation.
RingCentral (NYSE: RNG) has been recognized as a Leader in Gartner's 2020 Magic Quadrant for Unified Communications as a Service, marking its sixth consecutive year in this position. The report highlights RingCentral's completeness of vision and substantial innovation in cloud communications. Recent product developments include the launch of RingCentral Video, enhancing remote collaboration, and a new collaboration-centric desktop application, consolidating its Message Video Phone (MVP) functionalities. This recognition underscores RingCentral's commitment to driving productivity in cloud-based environments.
RingCentral, Inc. (NYSE: RNG) was recognized in Institutional Investor’s 2021 All-America Executive Team, achieving the ‘Most Honored’ distinction for the second consecutive year. The company ranked among the top three in the software sector, with CEO Vlad Shmunis and CFO Mitesh Dhruv each securing second place in their respective categories. Additionally, Ryan Goodman, the Investor Relations professional, was ranked first. The team also excelled in Best Investor Relations and Financially Material ESG Disclosures, highlighting their effectiveness in communication especially amid COVID-19.
RingCentral (NYSE: RNG) has appointed Mignon Clyburn to its board of directors, boosting its leadership team. Clyburn, a former FCC Commissioner from 2009 to 2018, brings significant experience in digital equity and diversity initiatives. Her past roles include advocacy for the Lifeline Program and media ownership diversity. CEO Vlad Shmunis expressed optimism about her contributions amid the growing demand for cloud communication solutions. Clyburn aims to enhance RingCentral's role in the expanding cloud communications market, focusing on productivity and economic recovery.
RingCentral reported strong third-quarter results for 2020, with total revenue of $304 million, a 30% year-over-year increase. Subscription revenue rose 33% to $280 million, making up 92% of total revenue. The company’s Annualized Exit Monthly Recurring Subscriptions (ARR) reached $1.2 billion, up 34% year-over-year. However, GAAP operating loss increased to $30 million due to higher share-based compensation. The company raised its full-year revenue guidance to $1.164 to $1.167 billion and expects non-GAAP EPS of $0.96.
BT and RingCentral, Inc. (NYSE: RNG) have announced an expanded partnership to accelerate cloud communication adoption in the UK. Their joint offering, Cloud Work, integrates voice, video, and messaging, providing a seamless experience for diverse workforces. The solution aims to enhance flexibility and productivity while supporting digital transformation amidst ongoing Covid-19 challenges. Key benefits include a unified communication platform, professional services support, and seamless integration with critical business applications.
RingCentral, Inc. (NYSE: RNG) announced its inclusion in the AWS Activate Console Exclusive Offers program, enabling startups using AWS to access customized discounts on RingCentral Office® products. This recognition underscores the platform's importance for startups' growth and collaboration needs. The program offers startups in North America, EMEA, APAC, and LATAM free credits, training, and technical resources to support their development. With built-in security and a 99.999% uptime SLA, RingCentral Office is designed to scale with growing businesses.
RingCentral, Inc. (NYSE: RNG) has unveiled over 70 new features for RingCentral Video™ since its launch in April 2020, enhancing video meetings with greater security and user experience. Innovations include enhanced security controls, waiting rooms, and flexible video layouts. The platform allows seamless device switching and features like dark mode and team messaging integration to improve collaboration. These updates aim to meet the evolving needs of remote work, ensuring efficient and secure communication for businesses.
RingCentral (NYSE: RNG) has launched a new high-volume SMS service designed for rapid and reliable customer communication. This service enables businesses to use their existing phone numbers to send SMS messages, streamlining operations and enhancing customer engagement. Currently in beta, the High Volume SMS API allows for mass marketing, automated notifications, and other business applications. RingCentral's integration with its Open Platform enhances functionality, making it easier for businesses to manage communications. The service will be showcased at the upcoming Code Together 2020 developer conference.
RingCentral, a leader in cloud communications, is hosting its inaugural virtual developer conference, Code Together, from October 20-22, 2020. This event will unite global developers to discuss advancements in communication technology, featuring speakers like Guy Kawasaki from Canva. The agenda includes sessions on new developments for developers, customer integration experiences, and RingCentral’s platform roadmap. The conference aims to recognize top developers and innovative ISV partners, reflecting RingCentral's ongoing commitment to enhancing developer engagement.
