RingCentral (RNG) Q1 Earnings Top Estimates, Revenues Up Y/Y

RingCentral (RNG) reported non-GAAP earnings of 87 cents per share in first-quarter 2024, surpassing the Zacks Consensus Estimate by 8.75% and increasing 14.5% year over year.Net revenues of $584 million comfortably beat the consensus mark by 1.11% and increased 9.5% year over year. A robust product portfolio and strong subscription revenues drove the upside.Quarter DetailsSoftware subscription (95.4% of total revenues) revenues increased 9.7% year over year to$ 557.5 million, beating the Zacks Consensus Es ...