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

RingCentral Q2 revenue rises 10% to $593 million and raises 2024 revenue outlook

Positive Impact 4 of 5 earnings Written later

RingCentral reported second-quarter 2024 total revenue of $593 million, up 10% year over year, and non-GAAP diluted EPS of $0.91 versus $0.83 a year earlier. It raised its full-year 2024 total revenue outlook to $2.393 billion to $2.399 billion and its non-GAAP EPS range to $3.62 to $3.67, while GAAP net loss per share narrowed to $0.16 from $0.23.

Key points

  • Q2 2024 GAAP net loss per share was $0.16, compared with $0.23 a year earlier.
  • Net cash provided by operating activities was $127 million in Q2 2024; free cash flow was $109 million, versus $73 million in Q2 2023.
  • The company repurchased $82 million of shares in Q2 2024 and has about $326 million remaining on its total authorization.
  • Full-year 2024 free cash flow guidance was raised to $395 million to $400 million from $385 million to $390 million.

The filing

CompanyRingCentral (RNG)
Form8-K, current report
Filed with the SECAug 1, 2024, 4:33 PM ET
Accession number0001384905-24-000043

Items reported: 2.02 Results of Operations

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 August 01, 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.