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RingCentral sees revenues grow 34% to USD 215 mln in Q2, increases FY guidance

Tuesday 30 July 2019 | 10:09 CET | News
RingCentral reported revenues for the second quarter to 30 June up 34 percent year-on-year to USD 215 million. Operating loss grew to USD 7.2 million from USD 4.7 million in the same period of 2018, primarily driven by higher share-based compensation and amortisation of intangibles. Net loss per share rose to USD 0.11 from USD 0.10 in the same period of 2018, primarily driven by higher share-based compensation and amortisation of intangibles. Total cash and cash equivalents at the end of the second quarter was USD 568 million, up compared with USD 549 million at the end of the first quarter.

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Categories: Fixed
Companies: RingCentral
Countries: World
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