{"id":32995,"date":"2022-09-01T10:00:18","date_gmt":"2022-09-01T00:00:18","guid":{"rendered":"https:\/\/rcblogau.wpengine.com\/au\/en\/blog\/?p=32995"},"modified":"2022-09-07T20:54:13","modified_gmt":"2022-09-07T10:54:13","slug":"new-milestone-ringcentral-hits-5-million-paid-seats","status":"publish","type":"post","link":"\/au\/en\/blog\/new-milestone-ringcentral-hits-5-million-paid-seats\/","title":{"rendered":"New milestone: RingCentral hits 5 million paid seats"},"content":{"rendered":"

We love meeting big goals almost as much as we love exceeding market expectations. When we crossed five million paid RingCentral MVP\u00ae (Message, Video, Phone) seats, it validated the significant bets we placed on the transformative power of cloud-based unified communications and mobility in the enterprise.\u00a0<\/span><\/p>\n

5 fun facts about RingCentral<\/strong><\/h2>\n

Here are five fun facts announced by RingCentral\u2019s CEO Vlad Shmunis during our earnings call this week, demonstrating RingCentral\u2019s unique customer value we provide in global markets.\u00a0<\/span><\/p>\n

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  1. We are a $2 billion Annualised Recurring Revenue (ARR) company.<\/span><\/li>\n
  2. RingCentral Contact Centre is now over $250 million ARR and is a key growth driver.<\/span><\/li>\n
  3. RingCentral MVP now has more than 5 million paid seats.<\/span><\/li>\n
  4. We matched our quarterly record of $1 million-plus total contract value (TCV) deals, bringing the total to almost 500.<\/span><\/li>\n
  5. We delivered a record operating margin of 11.3% in Q2 2022, up 110 basis points (BPS) year-over-year.<\/span><\/li>\n<\/ol>\n

    Setting the trends<\/strong><\/h2>\n

    RingCentral MVP has established that it is the market-leading cloud-based communication solution for today\u2019s hybrid workforce. Our success reflects a focus on four key mega-trends that are critical to businesses\u2019 success today:<\/span><\/p>\n