MARKET COMPOSITE
RNG - RingCentral Inc.8:00:02 PM 3/28/2024
Price
$34.74
-0.14 (-0.40%)
RingCentral, Inc. is an American publicly traded provider of cloud-based communications and collaboration solutions[buzzword] for businesses. RingCentral CEO Vlad Shmunis and CTO Vlad Vendrow founded the company in 1999. RingCentral investors included Doug Leone, Sequoia Capital, David Weiden, Khosla Ventures, Rob Theis, Scale Venture Partners, Bobby Yerramilli-Rao, Hermes Growth Partners and DAG Ventures. It completed its IPO in 2013.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue571.3MM+2%
Gross Profit401MM+3%
Cost Of Revenue170.2MM+1%
Operating Income-45MM-17%
Operating Expenses446.1MM+1%
Net Income-47.2MM+12%
R&D84.9MM-1%
G&A88.6MM+2%
Marketing272.6MM+1%
Amortization38.2MM-
Interest Expense16.5MM+36%
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