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

RingCentral Q3 revenue rises 9% to $609 million; raises 2024 revenue outlook

Positive Impact 4 of 5 earnings Written later

RingCentral reported third-quarter 2024 total revenue of $609 million, up 9% year over year, and GAAP operating income of $3 million, compared with a loss of $54 million a year earlier. The company raised its full-year 2024 total revenue range to $2.397 billion to $2.399 billion and its non-GAAP EPS outlook to $3.69, and it named Abhey Lamba as Chief Financial Officer.

Key points

  • Total revenue was $609 million, up from $558 million; subscriptions revenue was $583 million, up 10%.
  • GAAP net loss per share was ($0.09), compared with ($0.45) a year earlier; diluted non-GAAP EPS was $0.95, compared with $0.78.
  • Full-year 2024 non-GAAP EPS guidance was raised to $3.69, and free cash flow guidance was raised to $400 million to $405 million.
  • Abhey Lamba was appointed Chief Financial Officer.

The filing

CompanyRingCentral (RNG)
Form8-K, current report
Filed with the SECNov 7, 2024, 4:36 PM ET
Accession number0001384905-24-000056

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 November 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.