- RingCentral press release ( NYSE: RNG ): Q2 Non-GAAP EPS of $0.45 beats by $0.04 .
- Revenue of $486.9M (+28.4% Y/Y) beats by $4.9M .
- Q3 Outlook : Subscriptions revenue range of $473.5M to $476.5M; Total revenue range of $500M to $504M vs. consensus of $507.5M; GAAP operating margin range of (18.3%) to (17.1%); Non-GAAP operating margin of 12.5%; Non-GAAP tax rate assumed to be 22.5%. No material cash taxes expected given net operating loss carryforwards; Non-GAAP EPS of $0.50 to $0.51 based on 96M to 97M vs. consensus of $0.47.
- FY2022 Outlook : Maintaining subscriptions revenue range of $1.882B to $1.898B; Maintaining total revenue range of $1.990B to $2.015B vs. consensus of $2.02B; GAAP operating margin range of (19.2%) to (18.3%) compared to the prior range of (20.1%) to (19.0%); Raising non-GAAP operating margin to 12.0%. This is up from our prior outlook of 11.5%; Non-GAAP tax rate assumed to be 22.5%. No material cash taxes expected given net operating loss carryforwards; Raising non-GAAP EPS to $1.91 to $1.95 based on 96M to 97M fully diluted shares from prior range of $1.83 to $1.87 vs. consensus of $1.85.
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RingCentral Non-GAAP EPS of $0.45 beats by $0.04, revenue of $486.9M beats by $4.9M