Momentum matters. For the fourth straight year, RingCentral is on the Deloitte Technology Fast 500 ranking of the fastest-growing public and private technology, media, telecommunications, life sciences, and energy tech companies in North America. Honorees were selected based on percentage of fiscal year revenue growth over three years.
Over the course of 2017, we’ve also been recognized for our leadership position in cloud communications and collaboration by major technology analyst firms, including Gartner Inc., Frost & Sullivan, Synergy Research, and others. Add this latest Deloitte ranking to the mix, and it’s clear to see how effectively we’re translating all of this momentum into true business results. As we continue to invest in delivering even more powerful, flexible, and cost-effective services to our customers, the industry is taking notice.
At our recent ConnectCentral 2017 annual conference, we shared an equally important recognition: the many testimonials of RingCentral customers who have successfully migrated from traditional PBX hardware to the cloud. Others cited replacing multiple subscriptions for voice, web conferencing, and team messaging services with RingCentral Office, which serves all those needs. Many customers shared how they are expanding internationally with the help of a single, global cloud communications and collaboration solution.
Last week, we announced our Q3 2017 earnings, and total annualized exit recurring software subscriptions grew 32% year-over-year to $513.7 million—the first time we have surpassed the half-billion threshold. As this momentum continues, we believe we’re on a fast track to becoming a $1 billion company.
To access the Deloitte Technology Fast 500 ranking, click here.