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RingCentral Inc. $RNG surged 27% following the release of its Q2 financial results.
EPS: $1.22, Est: $1.17
Revenue: $650.5 million, +5.9%YoY
CEO Vlad Shmunis noted that the company's transformation in the "Agent-Based Voice AI" space is accelerating.
The ratio of customers using at least one paid AI product to total recurring revenue (ARR) doubled YoY to 13%.
RingCentral announced a new collaboration with OpenAI to accelerate AI innovation on its platform.