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RingCentral (RNG - Free Report) reported second-quarter 2023 non-GAAP earnings of 83 cents per share, surpassing the Zacks Consensus Estimate by 10.67% and increasing 84.4% year over year.
Net revenues of $539 million surpassed the consensus mark by 0.6% and increased 10.8% year over year.
Quarter Details
Software subscription (95.2% of total revenues) revenues of $514 million beat the Zacks Consensus Estimate by 0.29% and increased 10.9% year over year.
Other revenues (4.8% of total revenues) of $25.7 million beat the consensus mark by 7.49% and increased 7.4% year over year.
Ringcentral, Inc. Price, Consensus and EPS Surprise
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