RingCentral Q4 results, outlook top expectations, adds former U.S. education secretary Arne Duncan to Board
Summary
Cloud communications software vendor RingCentral this afternoon reported Q4 revenue and profit that topped analysts expectations, and forecast the current quarter, and the full year, higher as well. Founder and CEO Vlad Shmunis, calling the quarter "outstanding," noted that the results were a consequence of "strong contributions from the channel and our key partners led by Avaya, AT&T, and Atos Added Shmunis, "We are also excited to add Vodafone Business as a key partner as we continue to expand our global distribution network to meet the rising worldwide demand for cloud-based communication solutions." Shmunis called out the companys recent addition of products Smart Video Meetings and RingCentral Glip, which he said would enhance customers ability to "communicate via any mode, on any device, anywhere as they continue on their digital transformation journey." In a separate release, RingCentral said it named Arne Duncan, formerly U.S. Secretary of Education in the Obama administration from 2009 to 2015, to its board of directors. Said Shmunis, "Secretary Duncan brings a broad understanding and experience of the challenges that our communities will have to address over the next decade."
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