RingCentral reported that customers using at least one paid native AI product now represent about 13% of annual recurring revenue, double the year-earlier level, as second-quarter revenue rose 5.9% to $657 million. Subscription revenue increased 5.8% to $634 million, and GAAP operating margin reached 7.7%. Management raised its full-year revenue range, lifted free-cash-flow guidance to $615 million to $625 million, and increased the dividend 67%. The stock has gained about 141% over the past year, trading near a four-year high, raising questions about whether the market has already priced in the AI-driven expansion. Hedge fund holdings increased to 27 in Q2 from 25 in Q1, while short interest declined to 7.06 million shares, or 9.12% of float, as of August 14.
Ringcentral IncQ2 revenue growth, raised guidance, increased dividend, and AI adoption driving ARR
NVIDIA Corporation
