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AI brief of an SEC Form 8-K · RingCentral (RNG)

RingCentral Q1 revenue rises 9% to $584 million; raises 2024 revenue outlook

Positive Impact 4 of 5 earnings Written later

RingCentral reported first quarter 2024 results on May 7, 2024, with total revenue up 9% year-over-year to $584 million and diluted non-GAAP net income per share of $0.87, compared with $0.76 a year earlier. The company raised its full-year 2024 revenue and non-GAAP EPS guidance and increased its share repurchase authorization by $250 million. The filing also discloses a routine board committee assignment for director Prat Bhatt.

Key points

  • Q1 2024 total revenue was $584 million, up from $534 million; GAAP net loss per share narrowed to $0.31 from $0.57.
  • 2024 total revenue guidance raised to $2.379 billion to $2.399 billion; non-GAAP EPS guidance raised to $3.59 to $3.67.
  • Board increased the share repurchase authorization by $250 million; about $375 million remains under the total authorization.
  • Director Prat Bhatt was appointed to the Compensation Committee on May 1, 2024.

The filing

CompanyRingCentral (RNG)
Form8-K, current report
Filed with the SECMay 7, 2024, 4:46 PM ET
Accession number0001384905-24-000035

Items reported: 2.02 Results of Operations5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.