RingCentral earnings and revenue for the June quarter topped analyst estimates while fellow business communications software seller Five9 also came in above Wall Street targets, the companies said Monday. But RingCentral dipped after hours on in-line guidance while Five9 stock climbed.
RingCentral earnings rose 14% to 24 cents a share from a year earlier while revenue climbed 29% to $278 million, said Belmont, Calif.-based RingCentral (RNG).
Analysts expected RingCentral earnings of 20 cents a share on sales of $263.8 million for the period ended June 30. A year earlier, RingCentral earned 21 cents a share on sales of $215.2 million.
For the September quarter, the RingCentral earnings guidance calls for profit of 24 cents on sales of $286.5 million. Analysts had projected profit of 24 cents a share on revenue of $283 million.
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RingCentral earnings rose 14% to 24 cents a share from a year earlier while revenue climbed 29% to $278 million, said Belmont, Calif.-based RingCentral (RNG).
Analysts expected RingCentral earnings of 20 cents a share on sales of $263.8 million for the period ended June 30. A year earlier, RingCentral earned 21 cents a share on sales of $215.2 million.
For the September quarter, the RingCentral earnings guidance calls for profit of 24 cents on sales of $286.5 million. Analysts had projected profit of 24 cents a share on revenue of $283 million.
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