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Broadband

RingCentral Q1 sales better than expected with growth of 34%

Thursday 10 May 2018 | 09:33 CET | News
Cloud communications provider RingCentral reported first-quarter revenues of USD 150 million, up 34 percent from a year ago and better than its guidance. Its gross margin improved 0.6 points to 76.3 percent, and the operating margin was minus 0.9 percent, up 1.1 percent points from a year ago. The net loss was unchanged at USD 0.03 per share, while on an adjusted basis, net earnings rose to USD 0.16 from USD 0.09 per share. 

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Categories: Fixed
Companies: RingCentral
Countries: World
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