RingCentral Surpasses Q2 Earnings Estimates, Raises Dividends by 67%
On July 24, RingCentral (NYSE:RNG) surged as much as 27% in intra-day trading after reporting second-quarter results that exceeded expectations. The company reported revenue of $657 million, up 5.9% year-over-year and above its guidance range of $648–$653 million. Subscription revenues reached $634 million, also surpassing forecasts. GAAP diluted earnings per share rose to $0.45 from $0.14 in the same period last year, while non-GAAP EPS hit $1.22—up 15% and above guidance of $1.15–$1.17. CEO Vlad Shmunis highlighted strong AI product adoption, with paid AI users contributing to approximately 13% of annual recurring revenue. The company also announced a significant dividend increase of 67%, raising it from $0.075 to $0.125 per share.
Tickers: $RNG
Topics: ai_portfolio_impact dividend_increase revenue_growth