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RingCentral guides for stronger 2020 after higher-than-expected Q4

Tuesday 11 February 2020 | 09:54 CET | News
RingCentral reported higher-than-expected results for the fourth quarter and is forecasting even higher revenues in the first quarter, passing the billion dollar mark, as well as an even stronger 2020. Revenues for Q4 jumped 34 percent from the year before to USD 253 million and subscription revenues climbed 33 percent to USD 229 million. Results were driven by continued momentum in mid-market and enterprise markets, CEO Vlad Shmunis said, adding that the company's relationships with AT&T, Avaya and, more recently, Atos, will provide additional opportunities for long-term growth.

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Categories: Fixed
Companies: AT&T / Atos / Avaya / RingCentral
Countries: World
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