RingCentral reports Q1 adjusted EPS $1.00, consensus 96c

Reports Q1 revenue $612M, consensus $610.68M. “Our continued leadership in UCaaS, combined with strong early momentum in CCaaS and accelerated adoption of our AI-powered solutions, drove solid Q1 results, with ARR surpassing $2.5 billion,” said Vlad Shmunis, RingCentral’s (RNG) Founder, Chairman, and CEO. “Notably, our newest offering, AI Receptionist (AIR), is generating significant excitement. Voice is being reinvented through AI, and AIR lays the groundwork for our broader vision of a Voice-First Agentic AI platform, and we now have over 1,000 AIR customers activated. AIR joins our AI suite-including RingSense, AI Assistant, and AI Quality Management-increasing our TAM, enhancing our ability to expand wallet share, and positioning us for long-term success.”