RingCentral reports Q4 adjusted EPS 98c, consensus 97c

Reports Q4 revenue $615M, consensus $612.42M. “We had a good fourth quarter, capping a strong year,” said Vlad Shmunis, RingCentral’s (RNG) founder and CEO. “Our new AI-powered products are gaining steam, and today we unveiled RingCentral AI Receptionist, or AIR, which we believe will deliver tremendous value to businesses everywhere. Building on our history of industry-leading innovations, AIR is a generative AI phone agent that is seamlessly integrated into the phone system. It acts as a true ‘digital employee’ that enables our customers to do more with less. AIR is another growth vector for RingCentral and further builds out our multi-product portfolio.”