Financial PerformanceRingCentral reported solid Q2 results with beats across the board, and management modestly raised its FY25 EPS and FCF guidance.
Market PositionRingCentral is well positioned to expand their strong UCaaS market share in voice, while creating new AI based products that can sell into the SMB market, where they have the highest growth rate.
Product DevelopmentThere is strong traction with new products such as RingCX and RingSense, with a significant number of customers adopting these solutions.