Rimini Street

Rimini Street, Inc. engages in the provision of enterprise software support products and services. It offers global tax, legal, and regulatory update, security support, proactive support, advanced technology, license advisory and onboarding and archiving services. The company was founded by Seth A. Ravin and Thomas C. Shay on September 8, 2005 and is headquartered in Las Vegas, NV.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Rimini Street posts record revenue, eyes global expansion in 2023

Rimini Street reported record revenue and client base growth in Q4 2022, supported by strong subscription renewals and multi-million dollar sales wins.
The company's focus on global marketing, new product introductions, and strategic investments underscores its commitment to long-term growth and profitability.
While facing challenges in North America and ongoing litigation, Rimini Street remains confident in its positioning and optimistic about revenue opportunities in 2023.
With a solid financial performance, improved operational metrics, and a cash balance of $129 million, Rimini Street is poised for continued success and expansion.

Rimini Street reports record revenue, maintains guidance amidst market opportunities

Rimini Street's Q1 2023 performance reflects solid revenue growth, effective cost management, and maintained revenue guidance, positioning the company for future success.
The company's strengths lie in its expanded solutions portfolio, successful sales, and focus on innovation and staff, driving market acceptance and growth potential.
Challenges include ongoing litigation risks, managing operating expenses, and the need for effective execution to capitalize on market opportunities.
Opportunities abound in the strong demand for IT services consolidation, diverse product offerings, and a positive market outlook for future growth.

Rimini Street reports record revenue amid legal challenges with Oracle

Rimini Street delivered strong financial results in Q2 2023, maintaining a robust balance sheet and backlog amidst legal uncertainties.
The company's evolution into a global enterprise software support provider and focus on sales execution highlight its resilience and market positioning.
While challenges from ongoing litigation persist, Rimini Street's opportunities for growth remain promising, supported by strong demand and client savings.

Rimini Street reports solid Q3 earnings amidst market challenges

Rimini Street's Q3 performance reflects resilience in revenue growth, operational efficiency, and cost management despite challenges and market dynamics.
The company's strengths lie in its strategic focus on client needs, global operations, and financial discipline, positioning it for sustained growth.
Addressing challenges such as litigation, market dynamics, and cost pressures while capitalizing on opportunities can drive future success and market expansion.
Overall, Rimini Street's Q3 earnings call highlights a balanced approach to navigating challenges, leveraging strengths, and pursuing growth opportunities.

Rimini Street reports strong growth and strategic shifts in Q4

Rimini Street showcased strong performance in sales and financial metrics, underlining its growth trajectory and market positioning.
While facing challenges like ongoing litigation and sales strategy adjustments, the company's focus on expanding offerings and client base presents growth opportunities.
Strategic initiatives like incentivizing new client acquisition and balancing cross-selling efforts can drive future success and market competitiveness.

Rimini Street reports steady Q1 growth amidst sales challenges

Rimini Street's Q1 2024 performance showed revenue growth and strong recurring revenue, despite challenges in billings and margin decline.
The company's strengths lie in delivering cost savings, driving global growth, and focusing on client needs, while facing challenges in sales and expenses.
Opportunities include optimizing financial flexibility, leveraging new product offerings, and exploring cost-saving strategies through interest rate management.

Rimini Street reports Q2 revenue decline, focuses on cost efficiency

Rimini Street's Q2 2024 performance reflects mixed results with revenue decline but increased billings and cost reductions.
The company faces challenges in revenue retention and sales growth, exacerbated by contract roll-offs and ongoing litigation.
Opportunities lie in strategic realignment, exploring new revenue streams, and enhancing operational efficiency for long-term growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

LAS VEGAS & SÃO PAULO--(BUSINESS WIRE)---- $RMNI #RMNI--Company to provide support services to agencies linked to the Legislative, Executive and Judiciary branches of Brazilian government.

Rimini Street Awarded Three Brazilian Public Sector Contracts to Support Oracle and SAP Enterprise Software Systems

Greystone Capital recently released its Q3 2020 Investor Letter, a copy of which you can download here. Greystone is a privately held investment company. The investment firm seeks to simplify and add value by identifying opportunities in good and bad markets. During the third quarter of 2020, returns for separate accounts managed by Greystone Capital ranged from +10.4% to +22.4%. The median account return was +15.8%. You should check out Greystone Capital's top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.

Is Rimini Street (RMNI) a Smart Long-term Buy?

Rimini Street, Inc. (RMNI) CEO Seth Ravin on Q3 2020 Results - Earnings Call Transcript

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #RMNI--Quarterly revenue of $82.5 million, up 19.3% year over year Quarterly calculated billings of $68.3 million, up 33.3% year over year

Rimini Street Announces Fiscal Third Quarter 2020 Financial Results

Rimini Street (RMNI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Rimini Street (RMNI) Q3 Earnings Expected to Decline

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #RMNI--Leading components manufacturer reduces support and maintenance spend; diverts support savings to help fund business intelligence initiatives

Pulse Electronics Switches to Rimini Street Support for its SAP Applications

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #GPTW_UK--Company recognized for meeting employee wellbeing benchmarks around physical and mental health, financial security, teamwork and work-life balance

Rimini Street UK Earns Designation as Great Place to Work-Certified™ Company in 2020, Awarded Excellence in Wellbeing Recognition and Top 20 Ranking in 2020 Best Workplaces™ In Tech

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #RMNI--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced it will report earnings after market close on November 5, 2020. The company will host a conference call and webcast on that date to discuss the third quarter 2020 results at 5:00 p.m. Eastern / 2:00 p.m. Pacific time. A live webcast of the event will

Rimini Street to Report Third Quarter 2020 Financial Results on November 5, 2020

LAS VEGAS & SÃO PAULO--(BUSINESS WIRE)---- $RMNI #3rdpartysupport--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced that Hypera Pharma, Brazil's largest pharmaceutical company, has switched from SAP to Rimini Street Support for its highly customized SAP ECC 6.0 applications, Microsoft SQL Server Database and SAP BusinessObjects software. The company als

Hypera Pharma Switches to Rimini Street Support for Its SAP Applications

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #RMNI--Rimini Street Announces Upcoming Virtual Investor Conference Schedule for November 2020

Rimini Street Announces Upcoming Virtual Investor Conference Schedule for November 2020

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #RMNI--Water treatment and management company serving more than 10 million customers avoids S/4HANA upgrade and invests support savings in IT modernization

Metropolitan Water Reclamation District of Greater Chicago Switches to Rimini Street Support for Its SAP Applications

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #RMNI--Seasoned finance leader brings billion-dollar, public technology company CFO and extensive capital markets experience to support next phase of growth

Rimini Street Appoints Michael L. Perica as CFO

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #RMNI--Many PeopleSoft licensees are maximizing the value and extending the lifespan of current releases, but challenged with expensive vendor support costs

97% of PeopleSoft Licensees Believe Current Releases Meet Their Needs

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #RMNI--Company's award-winning support model delivered to more than 3,500 clients to date, enabling savings of nearly $5 billion in total maintenance costs

Rimini Street Celebrates 15 Years of Delivering Client Success

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #3rdpartysupport--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced that Green Cargo, the Swedish state-owned rail logistics operator, has renewed and extended support and maintenance for its mission-critical SAP ECC 6.0 platform with Rimini Street. Green Cargo first switched to Rimini Street Support in 2017 and is co

Green Cargo Extends Support Agreement With Rimini Street for Its SAP Applications, Enabling Company to Focus on Agile IT Strategy

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #RMNI--Rimini Street recognized for excellence in client service, innovative AI support platform and inventive employee engagement initiatives

Rimini Street Wins Gold Stevie® Awards for Company of the Year and Employer of the Year

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #RMNI--Rimini Street Statement on Court Ruling on Motions for Partial Summary Judgment

Rimini Street Statement on Court Ruling on Motions for Partial Summary Judgment

Oracle

REDWOOD SHORES, Calif., Sept. 15, 2020 /PRNewswire/ -- Today, in Rimini Street, Inc.

Court Finds Rimini Street Continues To Infringe And Is Entitled To No Damages

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #3rdpartysupport--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced that Vedacit, a leading manufacturer of construction products based in Brazil, switched to Rimini Street for support of its Oracle JD Edwards and Database software.

Vedacit Boosts Innovation With Savings From Switching Its Oracle JD Edwards and Database Software to Rimini Street Support

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #3rdpartysupport--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced that Hyundai-Kia Motors expanded its support agreement with Rimini Street for its Oracle Database software to include all of its affiliates and offices overseas.

Hyundai-Kia Motors Expands Use of Rimini Street Support for Its Oracle Database Software to Include All Overseas Branches and Affiliates Worldwide

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #RMNI--Rimini Street to Present at the H.C. Wainwright & Co.

Rimini Street to Present at the H.C. Wainwright & Co.

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #RMNI--Japan’s largest manufacturer of disposable food containers defers costly move to S/4HANA and maximizes ROI from existing SAP releases

FP Corporation Switches to Rimini Street Support for Its SAP Applications

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #RMNI--Latin American automotive parts and accessories manufacturer leverages support savings to expand business and fund future innovation initiatives

Rassini Automotive Switches to Rimini Street Support for its SAP Applications

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #3rdpartysupport--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced that Elders, a leading agribusiness in Australia, has selected Rimini Street for support and maintenance of its SAP software.

Elders Switches to Rimini Street Support for its SAP Software

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #RMNI--Rimini Street, Inc. Announces Closing of its Public Offering of Common Stock

News for Rimini Street Stock (RMNI)