Benzinga | Feb 16, 2021 04:04PM EST

RingCentral Sees Q1 Adj. EPS $0.24-$0.25 vs $0.23 Est., Sales $337M-$340M vs $329.67M Est.; Sees FY21 Adj. EPS $1.20-$1.24 vs $1.17 Est. Sales $1.475B-$1.490B vs $1.44B Est.

Full Year 2021 Guidance:

* Total revenue range of $1.475 to $1.490 billion, representing annual growth of 25% to 26%.

* Subscriptions revenue range of $1.365 to $1.375 billion, representing annual growth of 26% to 27%.

* GAAP operating margin range of (21.7%) to (20.4%).

* Non-GAAP operating margin range of 10.0% to 10.1%.

* Non-GAAP tax rate assumed to be 22.5%. No material cash taxes expected given net operating loss carryforwards.

* Non-GAAP EPS range of $1.20 to $1.24 based on 94.0 to 94.5 million fully diluted shares.

* Share-based compensation range of $410 to $420 million, amortization of debt discount and issuance costs of $65 million, and amortization of acquisition intangibles range of $45 to $48 million.

First Quarter 2021 Guidance:

* Total revenue range of $337 to $340 million, representing annual growth of 26% to 27%.

* Subscriptions revenue range of $311.5 to $313.5 million, representing annual growth of 28% to 29%.

* GAAP operating margin range of (15.1%) to (13.8%).

* Non-GAAP operating margin range of 8.6% to 8.8%.

* Non-GAAP tax rate assumed to be 22.5%. No material cash taxes expected given net operating loss carryforwards.

* Non-GAAP EPS range of $0.24 to $0.25 based on 93.5 million fully diluted shares.

* Share-based compensation range of $66 to $68 million, amortization of debt discount and issuance costs of $16 million, and amortization of acquisition intangibles range of $11 to $12 million.