RingCentral sees revenue jump one third ahead of massive Avaya partnership

Videoconferencing vendor sees revenue rise 34 per cent in its Q3

RingCentral reported a positive third quarter, seeing its revenue surge prior to its strategic partnership with Avaya coming into effect in Q4.

The cloud comms specialist saw turnover grow to $233m (£181m) for the three months ending 30 September 2019, a year-on-year rise of 34 per cent.

"We delivered another solid quarter. We are benefiting from continued momentum in mid-market and enterprise markets, with strong contributions from the channel," said Vlad Shmunis, RingCentral's founder, chairman and CEO.

"We continue to drive success with our leading unified voice, video, and team messaging platform.

"With today's announcement of our expanded relationship with AT&T and the earlier announced strategic partnership with Avaya, we are excited to broaden our global sales reach to help accelerate the transition to the cloud for businesses worldwide."

Last month, RingCentral gave beleaguered Avaya a $500m injection, which includes $125m of redeemable preferred equity which translates to a six per cent stake in Avaya.

It will also see Avaya introduce its global unified-comms-as-a-service offering, Avaya Cloud Office by RingCentral. This will offer a full suite of UC, contact centre (CC), UCaaS and CCaaS solutions to customers.

The deal is expected to close in the fourth quarter of this calendar year.

RingCentral's Q3 also saw Westcon named as its distributor for the UK and Ireland and expects that the distie's presence in Europe will help expand its reach in the EMEA region.