RingCentral Third Quarter 2022 Results: Revenue Exceeds Expectations

RingCentral (NYSE:RNG) Third Quarter 2022 Results

Main financial results


All figures shown in the table above are for the 12 month period (TTM)

RingCentral revenue beats expectations

Revenue beat analysts’ estimates by 1.3%.

Going forward, revenue is expected to grow by an average of 17% per year over the next 3 years, compared to a growth forecast of 9.4% for the software industry in the United States.

Performance of the The American software industry.

Shares of the company are up 13% from a week ago.

Risk analysis

What about the risks? Every business has them, and we’ve spotted 3 warning signs for RingCentral (1 of which is a little unpleasant!) that you should know about.

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