What drove RNG's EPS growth in 2024?

RingCentral's (RNG) EPS growth in 2024 was not driven by increased profitability, as evidenced by the negative EPS of $0.63 reported for the quarter ending December 31, 2024. This indicates that RNG experienced a loss during this period, which is contrary to the typical notion of EPS growth indicating increased earnings.

|code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|RNG|RNG.N|RingCentral|2024 Q1|45.614035087719294|-0.31|169|
|RNG|RNG.N|RingCentral|2024 Q2|30.434782608695656|-0.16|169|
|RNG|RNG.N|RingCentral|2024 Q3|80|-0.09|169|
|RNG|RNG.N|RingCentral|2024 Q4|84|-0.08|169|

Instead, the focus should be on understanding the factors contributing to RNG's total revenue growth, as reported in the next section. The positive revenue growth, despite the negative EPS, suggests that RNG's operational performance is improving in terms of revenue generation.