RingCentral Announces Fourth Quarter 2019 Results
RingCentral, Inc. Class A (RNG)
Last ringcentral, inc. class a earnings: 2/10 04:05 pm
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US:NYSE Investor Relations:
ir.ringcentral.com
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Source: Business Wire
Surpasses $1 billion annual revenue run-rateTotal Revenue up 34%Enterprise ARR up 71% BELMONT, Calif.--(BUSINESS WIRE)--RingCentral, Inc. (NYSE:RNG), a leading provider of global enterprise cloud communications, collaboration, and contact center solutions, today announced financial results for the fourth quarter ended December 31, 2019.Fourth Quarter Financial HighlightsTotal revenue increased 34% year over year to $253 million.Subscriptions revenue increased 33% year over year to $229 million.Annualized Exit Monthly Recurring Subscriptions (ARR) increased 32% year over year to $960 million.RingCentral Office® ARR increased 36% year over year to $877 million.Mid-market and Enterprise ARR increased 59% year over year to $479 million.Enterprise ARR increased 71% year over year to $293 million.Channel ARR increased 63% year over year to $300 million.“Fourth quarter results were outstanding, driven by continued momentum in mid-market and enterprise markets. We are very excited to have
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