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RingCentral (LTS:0V50) Revenue

: $2,202 Mil (TTM As of Dec. 2023)
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RingCentral's revenue for the three months ended in Dec. 2023 was $571 Mil. Its revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $2,202 Mil. RingCentral's Revenue per Share for the three months ended in Dec. 2023 was $6.08. Its Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $23.21.

Warning Sign:

RingCentral Inc revenue growth has slowed down over the past 12 months.

During the past 12 months, the average Revenue per Share Growth Rate of RingCentral was 11.20% per year. During the past 3 years, the average Revenue per Share Growth Rate was 20.20% per year. During the past 5 years, the average Revenue per Share Growth Rate was 23.10% per year. During the past 10 years, the average Revenue per Share Growth Rate was 22.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get other companies' revenue growth rate using Revenue per Share data.

During the past 13 years, RingCentral's highest 3-Year average Revenue per Share Growth Rate was 72.30% per year. The lowest was 2.50% per year. And the median was 26.10% per year.


RingCentral Revenue Historical Data

The historical data trend for RingCentral's Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

RingCentral Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Revenue
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 902.86 1,183.66 1,594.75 1,988.33 2,202.43

RingCentral Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Revenue Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 524.75 533.69 539.31 558.16 571.27

Competitive Comparison

For the Software - Application subindustry, RingCentral's Revenue, along with its competitors' market caps and Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


RingCentral Revenue Distribution

For the Software industry and Technology sector, RingCentral's Revenue distribution charts can be found below:

* The bar in red indicates where RingCentral's Revenue falls into.



RingCentral Revenue Calculation

Also referred as sales, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Revenue is often referred to as the "top line" due to its position on the income statement at the very top.

Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,202 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


RingCentral  (LTS:0V50) Revenue Explanation

In ranking the predictability, companies with more consistent revenue and earnings growth are ranked high with predictability.

Peter Lynch categorized companies according to their revenue growth:


Slow Grower: Inflation < 10-Year Revenue Growth Rate < 10%:
Stalwart: 10% < 10-Year Revenue Growth Rate < 20%:
Fast Grower: 10-Year Revenue Growth Rate > 20%:

His favorite companies are stalwart, those growing between 10-20% a year.

Companies in cyclical industries may see their revenue fluctuate wildly in good years and bad years.


Be Aware

Revenue can be manipulated by changing the way how revenue is booked. Companies may book sales before the payment is received, or before the revenue is fully earned. These will be added to balance sheet items such as account payable or account receivables.


RingCentral Revenue Related Terms

Thank you for viewing the detailed overview of RingCentral's Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.


RingCentral (LTS:0V50) Business Description

Traded in Other Exchanges
Address
20 Davis Drive, Belmont, CA, USA, 94002
RingCentral is a unified communications as a service, or UCaaS, provider. Its software helps users communicate and collaborate via voice, video, and messaging across all device types and all from one platform. RingCentral helps customers modernize and move from legacy on-premises systems to modern, cloud-based systems. Beyond its core RingCentral MVP solution, RingCentral also offers a cloud-based contact center solution, a standalone video meetings solution, and webinars.

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