RingCentral Third Quarter 2022 Results: Revenue Exceeds Expectations

RingCentral (NYSE:RNG) Third Quarter 2022 Results

Main financial results

earnings-and-revenue-growth

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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