RingCentral: Q1 Earnings Insights

RingCentral RNG reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

RingCentral beat estimated earnings by 10.14%, reporting an EPS of $0.76 versus an estimate of $0.69.

Revenue was up $66.03 million from the same period last year.

Last quarter the company beat on EPS by $0.01 which was followed by a 23.42% drop in the share price the next day.

Here's a look at RingCentral's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.59	0.50	0.40	0.34
EPS Actual	0.60	0.55	0.45	0.39
Revenue Estimate	527.40M	502.69M	479.29M	458.69M
Revenue Actual	524.75M	509.03M	486.90M	467.66M

To track all earnings releases for RingCentral visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Calendar