RingCentral announces Q2 2018 results

RingCentral, Inc. (NYSE: RNG), a provider of global enterprise cloud communications and collaboration solutions, has announced financial results for the second quarter ended June 30, 2018, the company said.

For the quarter, total revenue increased 34% year over year to USD 161 million. Software subscriptions revenue increased 32% year over year to USD 146 million. Annualized Exit Monthly Recurring Subscriptions (ARR) increased 32% year over year to USD 630 million.

RingCentral empowers today´s mobile and distributed workforce to communicate, collaborate, and connect from anywhere, on any device. RingCentral unifies voice, video, team messaging and collaboration, conferencing, online meetings, and integrated contact center solutions. RingCentral´s open platform integrates with business apps and enables customers to easily customize business workflows. RingCentral is headquartered in Belmont, California, and has offices around the world.