RingCentral's year-on-year growth of 9.7% may fall short of ...

RingCentral's year-on-year growth of 9.7% may fall short of shareholder expectations, despite a rise in quarterly revenue. Analysts deem the improving gross margin unsatisfactory for a SaaS business. However, the company surpassed analyst's adjusted EBIT and EPS forecasts for the quarter thanks to robust subscription revenue and cost efficiencies. The company's performance this quarter is deemed positive, pushing the stock up 5.7% after the report.