RINGCENTRAL, INC. (RNG)
RingCentral, Inc. (RNG) is a provider of cloud-based communication and collaboration solutions for businesses. Its offerings include voice, video conferencing, team messaging, and contact center services designed to enhance remote work, streamline communications, and improve productivity for organizations of all sizes.
Company News
RingCentral reported strong Q2 2025 financial results, with revenue of $620 million, exceeding analyst estimates. The company saw improved profitability, record cash generation, and increased adoption of AI-powered features across its communication platforms.
The global unified communication as a service market is projected to reach a value of USD 315.44 Billion by 2031, growing at a CAGR of 20.6% during the forecast period. The growth is driven by the integration of multiple communication channels onto a single platform, the adoption of 5G technology, and the increasing demand for remote work and collaboration solutions.
The SIP trunking services market is expected to grow significantly, driven by the rising adoption of cloud-based solutions that offer businesses flexible, affordable, and scalable communication systems. Key factors driving this expansion include cost-efficiency, digital transformation, and the growing demand for unified communication platforms.
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