- RingCentral (NYSE:RNG) is up 8.7% after hours following Q4 earnings that beat on top and bottom lines with near-35% revenue growth.
- Software subscriptions revenue grew 32% Y/Y to $129.7M, and annualized exit recurring software subscriptions also grew 32%, to $546.4M. RingCentral Office ARR was up 36%, to $466.2M.
- A "great year" was "led by our mid-market and enterprise business and further supported by continuing momentum from our channel partners. And we capped off the year with a record 15 deals with total contract value of more than $1M, up from 10 deals last quarter,” said Chairman/CEO Vlad Shmunis.
- The company had cash and equivalents of $181.2M at quarter's end, vs. the prior quarter's $172.3M.
- For Q1, it's guiding to revenues of $144.5M-$146.5M (above consensus for $140.5M), non-GAAP operating margin of 7-7.6%, and EPS of $0.11-$0.13 (above consensus for $0.05).
- For the full year, it's guiding to revenue of $629M-$639M (above consensus for $614M), operating margin of 7.8-8.2%, and EPS of $0.56-$0.60 (above expectations for $0.28).
- Conference call to come at 5 p.m. ET.
- Press release
- Now read: If You Took On A Little More Risk: Week 9
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