RingCentral, Inc.


SKU: RNG-1 Category:


RingCentral achieved good results in Q2 and delivered an all-around beat despite being impacted by the current macro climate. Its direct business and partners helped the company deliver an all-around beat. With a TCV of more than $1 million, the company closed on around 50 projects. Their combined UCaaS and CCaaS service succeeded excellently as the attachment of CC to UC for their upscale teams continued to rise. In Q2, RingCentral Rooms improved with brand-new seamless interfaces with hardware partners, including Avocor, Jabra, and EPOS. Customers may now operate more effectively from any location, whether at the office or remotely. Together with their strategic partners, Mitel and Avaya, they had a successful quarter and have further strengthened their market position in UCaaS. Overall, we give the company a ‘Buy’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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