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RingCentral Q2 Adjusted Earnings, Revenue Rise; FY Guidance Increases

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RingCentral (RNG) reported Q2 non-GAAP net income late Thursday of $1.22 per diluted share, up from $1.06 a year earlier.

Analysts polled by FactSet expected $1.16.

Revenue in the three months ended June 30 rose to $657 million from $620 million a year earlier.

Analysts expected $650.5 million.

RingCentral expects Q3 non-GAAP EPS of $1.25 to $1.30 on revenue of $664 million to $670 million.

Analysts expect EPS of $1.25 on revenue of $663.2 million.

The company raised full-year non-GAAP EPS guidance to the range of $4.96 to $5.10 on revenue of $2.635 billion to $2.646 billion. The previous forecast was EPS of $4.85 to $5.01 on revenue of $2.62 billion to $2.64 billion.

Analysts expect EPS of $4.92 on revenue of $2.63 billion.

RingCentral shares rose 1.2% in after-hours trading.

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