2023-05-09 16:21:02 ET
- RingCentral press release ( NYSE: RNG ): Q1 Non-GAAP EPS of $0.76 beats by $0.07 .
- Revenue of $534M (+14.1% Y/Y) beats by $5.96M .
- Raising FY 2023 total revenue range to $2.187 to $2.205 billion. RNG had guided FY 2023 revenue of $2.18B to $2.20B. The consensus estimate is $2.19B.
- Raising FY 2023 subscriptions revenue range to $2.086 to $2.104 billion. RNG had guided FY 2023 subscriptions revenue of $2.08B to $2.10B.
- Raising FY 2023 non-GAAP EPS guidance to $3.19 to $3.25. RNG had guided FY 2023 adj. EPS of $3.04 to $3.10. The consensus estimate is $3.09.
- Sees Q2 total revenue range of $535 to $537 million. The Q2 revenue estimate is $535.45M.
- Sees Q2 non-GAAP EPS of $0.74 to $0.76. The Q2 EPS estimate is $0.73.
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RingCentral Q1 results beat estimates, co raises FY 2023 guidance