RingCentral reports Q1 adjusted EPS $1.20, consensus $1.17

Reports Q1 revenuee $644M, consensus $642.53M. “We delivered another solid quarter, with revenue at the high end of our guidance, record operating margins, and strong free cash flow,” said Vlad Shmunis, founder and CEO of RingCentral (RNG). “We are delivering an AI-first customer engagement platform at-scale, enabling AI and human agents to work together across every modality and device. Our native AI products continue to gain traction, with ARR from customers using at least one paid AI product standing at over 10% of total ARR, and doubling year-over-year. These results, combined with our strong R&D muscle, commitment to innovation, and scaled GTM give us confidence to raise our full year outlook on revenue, margins, and free cash flow.”