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 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)--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.

Rimini Street Announces Fiscal Third Quarter 2022 Financial and Operating Results

SYDNEY & AUCKLAND, New Zealand--(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 Southern Cross Electrical Engineering (SCEE) has switched to Rimini Street for support of its Oracle applications.

Rimini Street Support for Oracle Enables Southern Cross Electrical Engineering to Fund and Staff Expansion of Its Business 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 it will report earnings after the market close on November 2, 2022.

Rimini Street to Report Third Quarter 2022 Financial Results on November 2, 2022

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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 Rimini Street has earned the designation of Great Place to Work-Certified™ in Australia, New Zealand, and the US. Last year, Rimini Street was certified in India, Korea, and the UK. Great Place to Work is an internationally recognized benchmark

Rimini Street Earns Additional Great Place to Work® Certifications in US, Australia and New Zealand

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 announced the availability of a 2022 Valoir Research report titled “Maximizing SAP Value with Rimini Street,” which explains the many benefits of utilizing third-party SAP support services. The 2022 report is a follow-on piece to the 2020 report, “Assessing an S

Report: Third-party Support Helps SAP Customers Get Control of Their ERP Strategy and Associated Costs

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 Racing and Wagering Western Australia (RWWA), a national leader in racing and wagering entertainment, has switched from Oracle to Rimini Street for better, more responsive support and advanced security for its Oracle database and Oracle technolo

Racing and Wagering Western Australia Turns to Rimini Street for Better Support and Advanced Security for its Oracle Technology Landscape

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 the University of Technology Sydney (UTS) has switched from Oracle to Rimini Street for improved support and security of its Oracle database and technology platforms. In doing so, the University has slashed wait times for support requests, enjoye

University of Technology Sydney Gets Better Support and Security for Oracle Database by Switching to Rimini Street

Rimini Street, Inc. (NASDAQ:RMNI ) Q2 2022 Earnings Conference Call August 3, 2022 5:00 PM ET Company Participants Dean Pohl - VP, IR Seth Ravin - Founder, Chairman & CEO Michael Perica - EVP, CFO & Principal Accounting Officer Conference Call Participants Andrew Sherman - Cowen and Company Brian Kinstlinger - Alliance Global Partners Jeff Van Rhee - Craig-Hallum Operator Good afternoon, ladies and gentlemen, and welcome to the Rimini Street's Earnings Conference Call. [Operator Instructions].

Rimini Street, Inc. (RMNI) CEO Seth Ravin on Q2 2022 Results - Earnings Call Transcript

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 results for the second quarter ended June 30, 2022. “For the second quarter, we had many positive financial and operational achievements, including strong subscription renewals and extensions, increased cross-sales of our expanded solution portfolio t

Rimini Street Announces Fiscal Second Quarter 2022 Financial Results

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 Lotte Mart, a large-scale hypermarket chain in South Korea, has switched to Rimini Street as its Oracle application maintenance support services provider. Lotte Mart wanted to focus resources on strategic projects related to business growth and

Lotte Mart Chooses Rimini Street Support Services for its Oracle Applications

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 Protect™, a new suite of security solutions that is always on 24x7x365 and provides a more comprehensive layer of security that surrounds and protects enterprise IT infrastructure and applications. For years, Rimini Street has provided proven and

Rimini Street Launches Rimini Protect™ Security Suite to Better Protect Organizations From Continuously Evolving Cybersecurity Threats

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 Manukau Institute of Technology Limited (MIT) has switched to Rimini Street for support of its Oracle applications . MIT's switch to Rimini Street enables MIT to continue using its current, stable and valuable Oracle software for five, ten, fift

Manukau Institute of Technology Avoids Costly and Unnecessary Oracle Upgrade by Leveraging Rimini Street Support

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 August 3, 2022. The Company will host a conference call and webcast on that date to discuss the second quarter 2022 results and outlook at 5:00 p.m. Eastern / 2:00 p.m. Pacific time. A live webcast of

Rimini Street to Report Second Quarter 2022 Financial Results on August 3, 2022

Here is how Rimini Street (RMNI) and T-Mobile (TMUS) have performed compared to their sector so far this year.

Has Rimini Street (RMNI) Outpaced Other Computer and Technology Stocks This Year?

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 announced that the State Library of Victoria (“Library”), Australia's oldest library, has entrusted the support and maintenance of its Oracle E-Business software to Rimini Street. Rimini Street is also providing the Library with its Advanced Database Security (A

State Library of Victoria Entrusts Its Oracle Software Support and Security to Rimini Street

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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 its Board of Directors has authorized an increase to its previously announced common stock repurchase program from up to $15 million over two years to up to $50 million over the next four years. Additionally, the Company has prepaid $5 million of

Rimini Street Announces Stock Repurchase Plan Increase from $15 Million to $50 Million and $5 Million Prepayment on Its Outstanding Term Loan

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 E-LAND Innople, an IT affiliate of the South Korean conglomerate E-Land Group, has chosen Rimini Street Support for SAP. The move has drastically cut E-LAND Innople's annual maintenance costs and freed up budget to fuel new IT technology, digita

E-LAND Innople Chooses Rimini Street Support Services for SAP S/4 HANA

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's CEO, and Michael L. Perica, Rimini Street's chief financial officer, will participate in a fireside chat with Cowen analyst Derrick Wood on June 2, 2022 at 10:50 a.m. Eastern Time, at the Lotte New York Palace. The

Rimini Street to Present at the Cowen 50th Annual Technology, Media & Telecom Conference on June 2, 2022

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's CEO, Michael L. Perica, Rimini Street's chief financial officer, and Dean Pohl, vice president of Investor Relations, will be meeting with investors on a one-on-one basis and small group meetings at the 19th Annual C

Rimini Street to Participate at the 19th Annual Craig-Hallum Institutional Investor Conference on June 1, 2022

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 Lwart Soluções Ambientais, a pioneer and leader in Latin America in the production of base oil from used and contaminated lubricating oil, has signed an agreement to procure Rimini Street Support for its SAP ECC 6.0 environment. Leveraging Rimin

Rimini Street Delivers Its Support Services for SAP to Lwart, Enables Regulatory Compliance and New Payment and Electronic Invoicing

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 AllianceCorp Manufacturing Holdings (ACM), an international provider of integrated contract manufacturing solutions for precision parts, mechatronics modules, and equipment headquartered in Malaysia, has partnered with Rimini Street to support i

AllianceCorp Manufacturing Accelerates Innovation by Shifting to Rimini Street Support for SAP S/4HANA

Rimini Street (RMNI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Rimini Street (RMNI) Upgraded to Buy: Here's Why

Rimini Street, Inc. (NASDAQ:RMNI ) Q1 2022 Earnings Conference Call May 4, 2022 5:00 PM ET Company Participants Dean Pohl - VP, IR Seth Ravin - Founder, Chairman & CEO Michael Perica - EVP, CFO & Principal Accounting Officer Conference Call Participants Andrew Sherman - Cowen and Company Jeffrey Van Rhee - Craig-Hallum Operator Welcome to Rimini Street First Quarter Earnings Conference Call. My name is Adrian and I'll be your operator for today's call.

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