RingCentral, Inc. (NYSE:RNG) Q3 2016 Earnings Conference Call - Preliminary Transcript

Oct 25, 2016 • 04:30 pm ET


RingCentral, Inc. (NYSE:RNG) Q3 2016 Earnings Conference Call - Preliminary Transcript


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Greetings and welcome to the RingCentral's Third Quarter 2016 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation.[Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Darren Yip, Director of Investor Relations for RingCentral. Thank you, Mr. Yip. You may begin.

Darren Yip

Thank you. Good afternoon and welcome to RingCentral's third quarter 2016 earnings conference call. I'm Darren Yip, RingCentral's Director of Investor Relations. Joining me today are Vlad Shmunis, Founder, Chairman and CEO; and Clyde Hosein, Chief Financial Officer.

Our format today will include prepared remarks by Vlad and Clyde, followed by Q&A. The purpose of our call today is to provide you with information on our third quarter performance, as well as to provide our financial outlook for the fourth quarter and full year 2016.

Some of our discussions and responses to your questions may contain forward-looking statements. These will include statements on our expected financial results for the fourth quarter and full year 2016, and our expected annual revenues several years out. In addition, these will include our future plans, prospects and opportunities, trends in the business communications market and our expectations regarding our expansion up-market and our success in the enterprise segment.

We'll also be making forward-looking statements about our competitive position, our relationships with our carriers, channel and strategic partners, the expected benefits of our investments in technology, our open platform and integrations, our products, including Glip and Contact Center and our Global Office solution, our growth strategies, current and future market position and expected growth.

These statements are subject to risks and uncertainties. Actual results may differ materially from our forward-looking statements and projections for a variety of reasons, including but not limited to general economic and market conditions; the effects of competition and technological change; success of marketing, sales and retention efforts; and customer demand for and acceptance of our products and services. A discussion of the risks and uncertainties related to our business is contained in our filings with the Securities and Exchange Commission and is incorporated by reference into today's discussion.

We disclaim any obligation to update information contained in our forward-looking statements whether as a result of new information, future events or otherwise. I encourage you to visit our Investor Relations website at ir.ringcentral.com to access our earnings release and slide presentation, our non-GAAP to GAAP reconciliations, our periodic SEC reports, a webcast replay of today's call, and to learn more about RingCentral.

For certain forward-looking guidance, a reconciliation of the non-GAAP financial guidance to the corresponding GAAP measure is not available as discussed in detail on our Investor Relations website.

With that, let me turn the call over to Vlad.

Vladimir G. Shmunis

Thank you, Darren. I am pleased to report that Q3 was yet another solid quarter with strong top line growth and continue margin expansion. We grew overall revenues for the quarter to $97 million, driven by