RingCentral, Inc. (RNG) Q1 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Ringcentral, Inc..

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.519 and in the slide deck. For certain forward-looking guidance, a reconciliation 00:00:05.519 -- 00:00:10.506 of the non-GAAP financial guidance to the corresponding GAAP measure is not available, 00:00:10.506 -- 00:00:15.794 as discussed in detail in the slide deck posted on our investor relations website. 00:00:15.794 -- 00:00:19.099 With that, I'll turn the call over to Vlad. 00:00:19.099 -- 00:00:23.044 Good afternoon, and thank you for joining us today. 00:00:23.044 -- 00:00:28.873 We had a strong start to the year and are excited about the opportunity ahead. 00:00:28.873 -- 00:00:34.334 We exceeded expectations $2.5 billion in ARR, delivered 00:00:34.334 -- 00:00:40.239 revenue at the upper end of our guidance, expanded operating margin, 00:00:40.239 -- 00:00:45.403 generated record quarterly free cash flow, and reduced debt 00:00:45.403 -- 00:00:51.048 and share count year over year and quarter over quarter. 00:00:51.048 -- 00:00:53.149 Our AI-powered 00:00:53.149 -- 00:00:58.514 multi-product strategy is clearly working, and we continue to see 00:00:58.514 -- 00:01:04.922 strong proof points that our new products are resonating with customers. 00:01:05.865 -- 00:01:10.629 We achieved total revenues of $612 00:01:10.731 -- 00:01:12.731 million. 00:01:12.874 -- 00:01:16.198 Our operating margin was 21.8%, 00:01:16.198 -- 00:01:18.198 exceeding 00:01:18.260 -- 00:01:20.603 our guidance range. 00:01:20.603 -- 00:01:26.650 This marks our third consecutive quarter of GAAP operating profitability. 00:01:26.650 -- 00:01:32.736 and we're committed to maintaining GAAP operating profitability going forward. 00:01:32.736 -- 00:01:38.502 We generated record free cash flow of $130 million, 00:01:38.502 -- 00:01:43.908 up 70% year over year,...