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

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Earnings data Q3 2023

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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

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

Clifford Hallam Healthcare Selects Rimini Consult™ Professional Services to Accelerate Business Targets Through Improved SAP System Operations

Rimini Street, Inc. (NASDAQ:RMNI ) Q4 2022 Earnings Conference Call March 1, 2023 5:00 PM ET Company Participants Dean Pohl - Vice President of Investor Relations Seth Ravin - Chief Executive Officer Michael Perica - Chief Financial Officer Conference Call Participants Jeffrey Van Rhee - Craig-Hallum Brian Kinstlinger - Alliance Global Partners Andrew Sherman - Cowen and Company Operator Good afternoon ladies and gentlemen, and welcome to the Rimini Street Earnings Conference Call. At this time, all participants will be in a listen-only mode.

Rimini Street, Inc. (RMNI) Q4 2022 Earnings Call Transcript

Rimini Street (RMNI) delivered earnings and revenue surprises of 70% and 4.20%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Rimini Street (RMNI) Q4 Earnings and Revenues Surpass Estimates

LAS VEGAS--(BUSINESS WIRE)-- #riministreet--Q4 2022 and full year 2022 Earnings Release

Rimini Street Announces Fiscal Fourth Quarter and Annual 2022 Financial and Operational Results

Rimini Street Launches Rimini Consult™ to Help Organizations Optimize, Evolve and Transform Their Enterprise Software

LAS VEGAS--(BUSINESS WIRE)-- #riministreet--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, announced the launch of Rimini Watch™.

Rimini Street Launches Rimini Watch™ to Help Organizations Ensure High Performance and Business Continuity for their Enterprise Software

LAS VEGAS--(BUSINESS WIRE)-- #riministreet--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, is celebrating a successful 10 years of operations in India.

Rimini Street India Celebrates 10-Year Anniversary as an Employer of Choice in Region

LAS VEGAS--(BUSINESS WIRE)-- #riministreet--Rimini Street selected Tokyo to host this year's annual $50,000 RMNI LOVE Grant Program to provide financial contributions to local organizations.

Rimini Street Selects Tokyo for 2023 $50,000 RMNI LOVE Charitable Grant Program

LAS VEGAS--(BUSINESS WIRE)--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 Globe Union, a market leader in kitchen and bath products, has selected Rimini Street to effectively resolve quality, cost, and talent shortage challenges caused by waning vendor software support.

Globe Union Gains Competitive Momentum by Moving to Rimini Street, Improving ERP Maintenance ROI and Optimizing Talent Resources

LAS VEGAS--( BUSINESS WIRE )--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 the market close on March 1, 2023. The Company will host a conference call and webcast on that date to discuss the fourth quarter and fiscal year 2022 results, and the 2023 outlook, at 5:00 p.m. Eastern / 2:00 p.m. Pacific time.

Rimini Street to Report Fourth Quarter and Fiscal Year 2022 Financial Results on March 1, 2023

LAS VEGAS--( BUSINESS WIRE )--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 the global adoption of its popular four-day workweek program, named “Fabulous Fridays!,” through 2023. The decision to adopt the program for 2023 followed favorable results for both employees and the Company during a six-month trial phase in the second half of 2022.

Rimini Street Announces Global Adoption of a Four-Day Workweek Model

LAS VEGAS--( BUSINESS WIRE )--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 Tanita Corporation, a global leader in precision scales and health monitoring devices, has switched to Rimini Street for support of its SAP applications. By leveraging Rimini Street's comprehensive suite of SAP support services at its headquarters in Japan and other international locations, Tanita is reinvesting its reduced annual maintenance costs and redirecting IT staff to security and transformation initiatives that are critical to the business.

Tanita Switches to Rimini Street Support for SAP, Enabling Critical Investments to Drive Innovation, Competitive Advantage and Growth

RMNI is the leader in the emerging third-party support market for enterprise software. The company provides an overwhelming value proposition to clients.

Rimini Street: A High-Conviction Holding

LAS VEGAS--( BUSINESS WIRE )--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 the findings of the Censuswide Buyers Sentiment Survey, “IT Leaders: The Future Outlook Report 2023,” examining CIOs' and CTOs' IT strategies, initiatives, challenges and focus. The Rimini Street-sponsored research polled more than 1,000 respondents across more than seven industries in the UK, Ireland, the Nordics and the Gulf states, and found IT leaders continuing to prioritize digital transformation and interoperability of technologies to achieve strategic, financial and operational business objectives in 2023. The report further showed that respondents had to balance their digital innovation investments against a variety of current challenges affecting their organization such as talent shortages, supply chain disruptions, macroeconomic cost inflation and geo-political realities, including complex global sanctions and de-globalization.

Independent Survey of More Than 1,000 CXO Respondents Across UK, Ireland, Nordics and the GCC Show Continued Plan for Digital Transformation Investments in 2023

LAS VEGAS--( BUSINESS WIRE )--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 Seth A. Ravin, Rimini Street CEO & Chairman of the Board, Michael L. Perica, chief financial officer, and Dean Pohl, vice president of Investor Relations, will virtually present at the 25th Annual Needham Growth Conference on January 12, 2023, at 1:30 p.m. Eastern Time.

Rimini Street to Present at the 25th Annual Needham Growth Conference

LAS VEGAS--( BUSINESS WIRE )--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 Kooksoondang, a leading Korean producer of traditional rice wines, including yakju and takju, has switched from annual vendor support to Rimini Street for its SAP ECC software.

Kooksoondang Switches to Rimini Street Support for SAP to Achieve Savings, Better ERP Support and Greater Funding for Innovation

LAS VEGAS--( BUSINESS WIRE )--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 Officeworks has leveraged Rimini Connect™ for Browsers, part of the Rimini Connect™ suite of integration and interoperability solutions, to help the company maintain stability of its core functions in the wake of the retirement of Microsoft Internet Explorer 11 (IE11).

Officeworks Leverages Rimini Connect™ for Browsers to Maintain Business-Critical Customer Support and Avoid Costly, Disruptive SAP Software Upgrade

LAS VEGAS--( BUSINESS WIRE )--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, has launched Rimini Connect™, a new suite of integration and interoperability solutions that allows for easy resolution of continuously changing integration and interoperability requirements.

Rimini Street Launches Rimini Connect™ to Help Organizations Future-Proof and Solve Continuously Evolving and Growing Integration and Interoperability Challenges

LAS VEGAS--( BUSINESS WIRE )--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 it has been named as a supplier on Crown Commercial Service's G-Cloud 13 framework. Using G-Cloud 13, UK public sector organizations will be able to leverage Rimini Street's range of application, database, managed and professional services to better run, support, protect, connect and monitor their enterprise application software while achieving significant savings that can help enhance citizen services.

Rimini Street Named a Supplier for UK G-Cloud 13 Framework for all its Application, Database, Managed and Professional Services

LAS VEGAS--( BUSINESS WIRE )--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 the Company has added additional Great Place to Work® certifications in Japan and throughout EMEA, including France, Israel and the UK.

Rimini Street Celebrates Additional Great Place to Work® Certifications Across EMEA and Japan

Polished.com Inc

During the third quarter of 2022, returns for separate accounts managed by Greystone Capital ranged from -0.7% to -13.9%. The median account return was -9.7%. Positions discussed include RMNI, POL, and CNTMF as well as summaries on two event-driven situations.

Greystone Capital Q3 2022 Letter To Clients

LAS VEGAS--(BUSINESS WIRE)-- #riministreet--South Korean leader in civil engineering, leisure and broadcasting businesses redeploys ERP support cost and labor savings to infrastructure projects.

Taeyoung E&C Selects Rimini Street to Replace Expensive and Low Value Vendor Support for its Mission-Critical Oracle ERP and Database Systems

Rimini Street, Inc. (NASDAQ:RMNI ) Q3 2022 Results Conference Call November 2, 2022 5:00 PM ET Company Participants Dean Pohl - Vice President of Investor Relations Seth Ravin - President and Chief Executive Officer Michael Perica - Executive Vice President and Chief Financial Officer Conference Call Participants Brian Kinstlinger - A.G.P Andrew Sherman - Cowen and Company Jeffrey Van Rhee - Craig-Hallum Operator Good afternoon ladies and gentlemen, and welcome to the Rimini Street Earnings Conference Call. At this time, all participants will be in a listen-only mode.

Rimini Street, Inc. (RMNI) Q3 2022 Earnings Call Transcript

Rimini Street (RMNI) delivered earnings and revenue surprises of -23.08% and 0.40%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Rimini Street (RMNI) Q3 Earnings and Revenues Miss Estimates

LAS VEGAS--(BUSINESS WIRE)--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 financial and operating results for the third quarter ended September 30, 2022.

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