From selling stock and celebrating milestones to free Teams voice calls, here are extracts from popular news stories this week.
RingCentral MVP Hits Five Million Paid Seats
The unified communications and collaboration application ‘RingCentral MVP’ has reached the milestone of five million paid seats.
RingCentral believes its MVP (Message, Video, Phone) solution has exceeded market expectations, and the milestone is a validation of the company’s decision to invest in enterprise UC and mobility.
The news was announced by the CEO of RingCentral, Vlad Shmunis, during its company earnings call last week.
Zeus Kerravala, Principal Analyst of ZK Research, said: “Reaching five million seats sold for RingCentral MVP is a major milestone.
“It’s amazing to think of the market opportunity ahead with more than several hundred million legacy on-premises seats out there.
“It shows that we’re still in the early innings of digital transformation as businesses migrate their communications systems to the cloud.”
Other statistics brought to light by Shmunis include the company now having $2 billion Annualised Recurring Revenue (ARR), and the RingCentral Contact Centre is accumulating more than $250 million ARR.
Google Workspace Individual Now Available in Europe
Google has confirmed that Workspace Individual is now available to users in Europe.
The company launched the platform over a year ago to help solo business owners reach new customers and bring their ideas to life.
Google Workspace Individual includes all the features of the Workspace platform, such as Gmail, Meet, Calendar, Slide, and more.
John Shriver-Blake, Group Product Manager, Google Workspace, said:
“With this expansion of Google Workspace Individual, solo business owners in Europe can run, grow and protect their businesses with apps they’re already familiar with.
“This means more time helping customers and less time scheduling, emailing and updating calendars. In the months ahead, we’ll continue to bring Workspace Individual to an expanding list of countries.”
Despite launching over a year ago, Workspace Individual was only available to customers in the US, Canada, Mexico, Brazil, Japan, and Australia.
Cisco’s Q4 Results Exceed Expectations
Cisco’s Q4 2022 results surpassed analyst forecasts with Webex by Cisco ending the quarter ahead on revenue and beating expectations.
The company’s total revenue amounted to $13.10 billion, exceeding the high end of its guidance range and expectations of $12.73 billion. Earnings were 83 cents per share, which is also above the 82 cents per share expected by analysts surveyed by Refinitiv.
The collaboration segment, which includes Webex by Cisco, was up by 2%, contributing $1.16 billion in revenue and beating StreetAccount’s $1.10 billion consensus.
Chuck Robbins, Chairman and Chief Executive Officer, said collaboration was driven by growth in devices, but it was also hampered by declines in meetings and calling offerings. Robbins elaborated further on the collaboration segment: “I will say that the teams are working really hard on the meetings and calling side.
“The calling side has been strong for us in the past few quarters. The product portfolio is in really good shape.
