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 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

Earnings data Q4 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.

Rimini Street reports billings growth, faces Oracle litigation challenges

Rimini Street delivered solid performance with billings growth and new client wins
Facing challenges from ongoing litigation with Oracle impacting financial guidance
Strategic partnerships and service expansions present growth opportunities
Need to address cost-cutting, client retention, and sales strategies for future success

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

Rimini Street (RMNI) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.07 per share a year ago.

Rimini Street (RMNI) Q2 Earnings Lag Estimates

LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced financial and operating results for the second quarter ended June 30, 2023. “For the second quarter of 2023, we were pleased to achieve the largest second quarter total sales invoicing in North American history, which we believe is.

Rimini Street Announces Fiscal Second Quarter 2023 Financial and Operating Results

T Stamp

Neonode

Sobr Safe Inc

WISeKey International Holding AG

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

Top 5 Tech Stocks That Are Set To Fly This Quarter - T Stamp (NASDAQ:IDAI), Neonode (NASDAQ:NEON)

LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced its expansion of its Rimini Manage™ for SAP products to include SAP cloud applications. Expanded Application Managed Services for SAP Products The expanded offering enables organizations running SAP cloud-based software to achieve.

Rimini Street Announces Expansion and General Availability of Rimini Manage™ Services for SAP Cloud Products

LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today issued the following statement in response to the July 24, 2023 Order issued by the U.S. Federal Court for the District of Nevada in the Oracle v. Rimini Street litigation (“Rimini II”): Rimini Street and Oracle have been in litigation for m.

Rimini Street Statement on U.S. Federal Court Ruling

LAS VEGAS--(BUSINESS WIRE)-- #riministreet--Rimini Street to report Q2 earnings after market close on August 2, 2023.

Rimini Street to Report Second Quarter 2023 Financial Results on August 2, 2023

LAS VEGAS--(BUSINESS WIRE)-- #riministreet--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced it is celebrating its 500th charitable donation made to various non-profit organizations around the world through its privately funded philanthropic program, the Rimini Street Foundation. Reflecting the Value, Hearts and Passion of.

Rimini Street Foundation Celebrates its 500th Charitable Donation

Rimini Street (RMNI) empowers Gachon University Gil Medical Center to progress with its digital transformation initiatives and maintain its role as an innovative hospital serving the community.

Rimini Street (RMNI) Drives Gachon's Digital Transformation

Rimini Street, Inc. provides independent software support services for large installed IT systems. The firm has reiterated forward revenue guidance of only 3.74% in 2023 versus 2022. This tepid revenue growth expectation may make an upside catalyst difficult to achieve.

Rimini Street Faces Slowing Macro Environment In 2023

LAS VEGAS--(BUSINESS WIRE)-- #riministreet--New online tools assist Oracle and SAP licensees to unlock potential savings from their ERP investments.

Rimini Street Releases Free Savings Calculators for Oracle and SAP Software that Can Help Identify Hidden Savings Opportunities in Minutes

LAS VEGAS--(BUSINESS WIRE)-- #riministreet--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today advised licensees running pre-19c releases of Oracle Database who no longer receive Oracle Premier Support, that they can continue using their current Oracle Database release for up to an additional 15 years without required upgrades by swit.

Rimini Street Advises that Oracle Database Licensees Using Releases Less Than 19c Not Receiving Oracle Premier Support, Despite Paying Full, Expensive Oracle Maintenance Fees

LAS VEGAS--(BUSINESS WIRE)-- #riministreet--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, continues to experience growing client demand and praise for its Rimini Consult™ professional and advisory services. Rimini Consult helps clients meet and accelerate business needs with customized, vendor-agnostic, project-based engagements. Bette.

Rimini Consult™ Demand and Accolades Continue to Grow as Services for Oracle, SAP, Salesforce, Databases and Other Enterprise Software Successfully Enable and Accelerate Innovation for Clients

LAS VEGAS--(BUSINESS WIRE)-- #riministreet--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, sees markedly increased participation in its Street Smart and Street Light executive series, with the most recent Street Smart event hosted in Tokyo, Japan in May 2023 bringing together nearly 200 influential CXOs and IT leaders into a single gath.

Rimini Street's Street Smart and Street Light Executive Series Strives to Bring Together Thousands of Global CXOs, IT and Finance Leaders into a Unique Community of Peer Learning, Networking and Sharing of Ideas

LAS VEGAS--(BUSINESS WIRE)-- #riministreet--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced the winners of its second annual RMNI LOVE™ Grant Program, each receiving $10,000 to further their significant impact for their respective communities served. For 2023, Tokyo, Japan was selected as the host city of the program, wit.

Rimini Street Announces the 2023 RMNI LOVE™ $50,000 Grant Program Winners

LAS VEGAS--(BUSINESS WIRE)-- #riministreet--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced that HCX Technology Partners, a Philippines-based digital business solutions provider under the Asticom Group of Companies, has selected Rimini Support™ services for its 60,000 Oracle PeopleSoft software licenses. HCX Partners with.

HCX Technology Partners Chooses Rimini Support™ for its 60,000 Oracle PeopleSoft Licenses

LAS VEGAS--(BUSINESS WIRE)-- #riministreet--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, has earned the Great Place to Work Korea certification for the second consecutive year. Today's announcement builds on Rimini Street's rich history of employer excellence recognition which includes Top Workplace USA and Great Place to Work certifi.

Rimini Street Korea is Again Named a Great Place to Work®

LAS VEGAS--(BUSINESS WIRE)-- #riministreet--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced Rimini Street has been honored with multiple service and leadership awards by its clients and the technology community, in recognition of its commitment to delivering “extraordinary technology solutions powered by extraordinary tal.

Rimini Street Honored by Clients and Industry with Multiple Service and Leadership Awards in Recognition of its Commitment to Delivering “Extraordinary”

Rimini Street (RMNI) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.10 per share a year ago.

Rimini Street (RMNI) Surpasses Q1 Earnings and Revenue Estimates

LAS VEGAS--(BUSINESS WIRE)-- #riministreet--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced financial and operating results for the first quarter ended March 31, 2023. “For the first quarter of 2023, we were pleased to both complete the launch of our expanded solutions portfolio and sell the full portfolio to name-brand o.

Rimini Street Announces Fiscal First Quarter 2023 Financial and Operating Results

LAS VEGAS--(BUSINESS WIRE)-- #riministreet--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, celebrates its commitment to expanding and improving quality and information security processes and a decade of perfect ISO-27001 and ISO-9001 audits with zero non-conformities. Rimini Street continues to achieve and deliver the highest standard f.

Rimini Street Celebrates Its Commitment to Quality and Information Security Processes and 10 Years of Flawless ISO-27001 and ISO-9001 Audits

LAS VEGAS--(BUSINESS WIRE)-- #riministreet--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced that Michael L.

Rimini Street Announces Upcoming Spring 2023 Investor Conference Schedule

LAS VEGAS--(BUSINESS WIRE)-- #riministreet--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced it will report earnings after market close on May 3, 2023. The company will host a conference call and webcast on that date to discuss the first quarter 2023 results and outlook at 5:00 p.m. Eastern / 2:00 p.m. Pacific time.

Rimini Street to Report First Quarter 2023 Financial Results on May 3, 2023

LAS VEGAS--(BUSINESS WIRE)-- #riministreet--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced Daekyo, South Korea's leading education service, has expanded their Rimini Support™ services from an initial scope of Oracle products to now include their SAP products as well.

Rimini Street Expands Scope of Rimini Support™ for Daekyo to Include Both Oracle and SAP Products Based on Proven Business Impact and Outcomes

LAS VEGAS--(BUSINESS WIRE)-- #riministreet--Rimini Street, Inc.

GE Lighting, a Savant Company, Switches from SAP ChaRM to Rimini Watch™ for Change Management, Achieves Operational Efficiency and Uses Savings to Fund Innovation Projects

News for Rimini Street Stock (RMNI)