RingCentral, Inc. (NYSE: RNG), a provider of global enterprise cloud communications and collaboration solutions, has announced financial results for the first quarter ended March 31, 2018, the company said.
First quarter financial highlights include:
Total revenue increased 34% year over year to USD 150 million.
Software subscriptions revenue increased 32% year over year to USD 137 million.
Annualized Exit Monthly Recurring Subscriptions (ARR) increased 31% year over year to USD 589 million.
RingCentral OfficeÂ® ARR increased 37% year over year to USD 509 million.
RingCentral is a provider of global enterprise cloud communications and collaboration solutions. More flexible and cost-effective than legacy on-premises systems, RingCentral empowers today´s mobile and distributed workforce to communicate, collaborate, and connect from anywhere, on any device.