RingCentral, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 20, 2024 at 09:05 pm
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RingCentral, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 571.27 million compared to USD 524.75 million a year ago. Net loss was USD 47.24 million compared to USD 284.06 million a year ago. Basic loss per share from continuing operations was USD 0.5 compared to USD 2.97 a year ago. Diluted loss per share from continuing operations was USD 0.5 compared to USD 2.97 a year ago.
For the full year, revenue was USD 2,202.43 million compared to USD 1,988.33 million a year ago. Net loss was USD 165.24 million compared to USD 879.17 million a year ago. Basic loss per share from continuing operations was USD 1.74 compared to USD 9.23 a year ago. Diluted loss per share from continuing operations was USD 1.74 compared to USD 9.23 a year ago.
RingCentral, Inc. is a provider of artificial intelligence (AI)-driven cloud business communications, contact center, video, and hybrid event solutions. The Companyâs cloud-based business communications, collaboration, and customer engagement solutions function across multiple locations and devices, including smartphones, tablets, personal computers (PCs) and desk phones. The Company offers a fully integrated business communications platform, which includes cloud private branch exchanges (PBX), cloud contact center, video meetings and webinars, and events. Its product portfolio includes RingCentral MVP, Contact Center as a Service (CCaaS), RingCentral Video, RingCentral Events, and RingSense. RingCentral MVP is a unified Communications as a Service (UCaaS) platform, which includes team messaging, video meetings, and a cloud phone system. RingCentral Video is a video meeting solution with team messaging that enables smart video meetings, rooms solutions, and webinars.
RINGCENTRAL, INC. 
