RingCentral announces Q3 2018 results.
INTERNET BUSINESS NEWS-(C)1995-2018 M2 COMMUNICATIONS
RingCentral, Inc. (NYSE: RNG), a provider of global enterprise cloud communications and collaboration solutions, has announced financial results for the third quarter ended September 30, 2018, the company said.
Software subscriptions revenue increased 32% year over year to USD 158 million. Total revenue increased 33% year over year to USD 174 million. RingCentral Office[R] ARR increased 36% year over year to USD 592 million. Annualized Exit Monthly Recurring Subscriptions (ARR) increased 31% year over year to USD 674 million.
Mid-market and Enterprise ARR increased 75% year over year to USD 270 million. Enterprise ARR increased over 100% year over year to USD 146 million.
RingCentral is a provider of global enterprise cloud communications and collaboration solutions. More flexible and...
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