RingCentral, Inc. (NYSE:RNG) Q3 2022 Earnings Call Transcript

Mo Katibeh: No. I think you nailed it. I mean, coming into the year, we guided to about 200 basis points of improvement. We expect to be exiting the year closer to 400 basis points, which shows this line that we have enacted and Sonalee talked about. And to the second half of your question, I do expect that to continue trending down over time. We have taken some operational actions this year, while continuing to use SBC as a key retention and compensation tool. We have been able to take actions that over the next several years as new stock backs , I would expect that to continue trending down into the teens range. And then to Sonalee’s point, stabilize at, call it, BAU SaaS levels then. Thanks again for all of the questions. Turning back over to the Operator.

Operator: Thank you. This concludes our question-and-answer session, which also concludes our conference for today. Thank you for attending today’s presentation. You may now disconnect.