Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Ringcentral Inc Class A / Equity Bottom-Up

<ul><li>RingCentral had a strong finish to 2023.</li><li>The company reported its total revenue increased by 9%, surpassing the midpoint of their guidance.</li><li>This was complemented by an 11% rise in annual recurring revenue (ARR) to $2.3 billion.</li></ul>

RingCentral had a strong finish to 2023.The company reported its total revenue increased by 9%, surpassing the midpoint of their guidance.This was complemented by an 11% rise in annual recurring revenue (ARR) to $2.3 billion.

RingCentral Inc: A Leap In AI-Driven Communication Efficiency! - Major Drivers

<ul><li>RingCentral, Inc. managed to exceed analyst expectations in terms of revenue as well as earnings, showcasing its resilience and strategic focus.</li><li>Subscriptions revenue reached $531 million, surpassing expectations with a 10% YoY increase.</li><li>Despite macroeconomic challenges, RingCentral's team projects strong growth for Q4 2023, expecting subscription revenue and total revenue growth of 8-9%, a non-GAAP operating margin of 20%, and non-GAAP EPS of $0.82 to $0.83.</li></ul>

RingCentral, Inc. managed to exceed analyst expectations in terms of revenue as well as earnings, showcasing its resilience and strategic focus.Subscriptions revenue reached $531 million, surpassing expectations with a 10% YoY increase.Despite macroeconomic challenges, RingCentral's team projects strong growth for Q4 2023, expecting subscription revenue and total revenue growth of 8-9%, a non-GAAP operating margin of 20%, and non-GAAP EPS of $0.82 to $0.83.

RingCentral Inc.: RingCX Launch - Revolutionizing Communication? - Major Drivers

<ul><li>RingCentral Inc. managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.</li><li>The profit increase also resulted in another quarter of significant free cash flow.</li><li>Revenue from subscriptions increased 11% year over year to $514 million.</li></ul>

RingCentral Inc. managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.The profit increase also resulted in another quarter of significant free cash flow.Revenue from subscriptions increased 11% year over year to $514 million.

RingCentral Inc: How $330 Million ARR is Changing the UCaaS + CCaaS Game! - Major Drivers

<ul><li>RingCentral managed to exceed the revenue expectations as well as the earnings expectations of Wall Street.</li><li>Partnerships and trust continue to be integral to RingCentral's success, with ongoing progress in these areas.</li><li>RingCentral released RingCentral for Teams 2.0, RingSense AI platform, RingCentral for Frontline Workers, and partnered with Vodafone Business for RingCentral Overlay.</li></ul>

RingCentral managed to exceed the revenue expectations as well as the earnings expectations of Wall Street.Partnerships and trust continue to be integral to RingCentral's success, with ongoing progress in these areas.RingCentral released RingCentral for Teams 2.0, RingSense AI platform, RingCentral for Frontline Workers, and partnered with Vodafone Business for RingCentral Overlay.

RingCentral Inc.: Innovating to Enhance Their Customer Value Proposition – Key Drivers

Equity Capital Markets

Ringcentral Inc Class A / Equity Capital Markets

<ul><li>RingCentral delivered a mixed set of results and failed to meet the revenue expectations of analysts given the challenging macroeconomic backdrop.</li><li>Given the importance of privacy and security to their consumers, management intends to keep investing in these areas to maintain their position.</li><li>Furthermore, the company started a new collaboration with AWS to deliver technologies and ideas that enhance corporate communications for today's hybrid workforce.</li></ul>

RingCentral delivered a mixed set of results and failed to meet the revenue expectations of analysts given the challenging macroeconomic backdrop.Given the importance of privacy and security to their consumers, management intends to keep investing in these areas to maintain their position.Furthermore, the company started a new collaboration with AWS to deliver technologies and ideas that enhance corporate communications for today's hybrid workforce.

United States

RingCentral, Inc. is a provider of software-as-a-service, or SaaS, solutions for business communications. The Company offers a multi-user, enterprise-grade communications solution that enables customers and their employees to communicate via voice, text, HD video and web conferencing and fax, on multiple devices, including smartphones, tablets, PCs and desk phones.

Ringcentral Inc Class A (RNG US)

RingCentral Inc: A Leap In AI-Driven Communication Efficiency! - Major Drivers

RingCentral had a strong finish to 2023. The company reported its total revenue increased by 9%, surpassing the midpoint of their guidance. This...

Baptista Research

RingCentral Inc.: RingCX Launch - Revolutionizing Communication? - Major Drivers

RingCentral, Inc. managed to exceed analyst expectations in terms of revenue as well as earnings, showcasing its resilience and strategic...

Baptista Research

RingCentral Inc: How $330 Million ARR is Changing the UCaaS + CCaaS Game! - Major Drivers

RingCentral Inc. managed to surpass the revenue expectations as well as the earnings expectations of Wall Street. The profit increase also...

Baptista Research

RingCentral Inc.: Innovating to Enhance Their Customer Value Proposition – Key Drivers

RingCentral managed to exceed the revenue expectations as well as the earnings expectations of Wall Street. Partnerships and trust continue to be...

Baptista Research

RingCentral Inc.: Major Drivers

RingCentral delivered a mixed set of results and failed to meet the revenue expectations of analysts given the challenging macroeconomic...

Baptista Research