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 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)--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 Michael L. Perica, chief financial officer, and Dean Pohl, vice president of Investor Relations, will present at the 17th Annual Needham Technology & Media Conference on May 19, 2022, at 2:15 p.m. Eastern Time. Participants can watch live at

Rimini Street to Present at the 17th Annual Needham Technology & Media 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 the winners of its first RMNI LOVE™ Grant Program, which recognizes nonprofit organizations in various global communities where Rimini Street operates. Starting in Rimini Street's hometown of Las Vegas, RMNI LOVE awarded $10,000 grants to five certif

Rimini Street Reveals the Winning Las Vegas Charities in the RMNI LOVE™ Grant Program

Rimini Street (RMNI) delivered earnings and revenue surprises of -23.08% and 2.20%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Rimini Street (RMNI) Lags Q1 Earnings 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 results for the first quarter ended March 31, 2022. “For the first quarter, we achieved record revenue, record first quarter invoicing and delivered a Revenue Retention Rate of 94% on subscription revenue, up from 91% last year,” stated Seth A. Ravin,

Rimini Street Announces Fiscal First 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, announced that SK Networks decided to make Rimini Street its Oracle maintenance partner. Through this contract, Rimini Street will provide third party maintenance services for SK Network's Oracle DBMS. Rimini Street support services for Oracle Database enable clients

Rimini Street Provides Third Party Maintenance Services for Oracle Database to SK Networks

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 been recognized as one of the 290 UK's Best Workplaces™ (2022) and ranked among the UK's Best Workplaces™ for Wellbeing (2022) by Great Place to Work®, the global authority on workplace culture. For its UK Best Workplaces™ recognition

Rimini Street UK Recognised in UK's Best Workplaces™ and Ranked among the UK's Best Workplaces™ for Wellbeing by Great Place to Work®

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 May 4, 2022. The Company will host a conference call and webcast on that date to discuss the first quarter 2022 results and outlook at 5:00 p.m. Eastern / 2:00 p.m. Pacific time. A live webcast of the

Rimini Street to Report First Quarter 2022 Financial Results on May 4, 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 Sajo Systems, a division of Korean Sajo Group, has partnered with Rimini Street to provide a higher level of award-winning support and software maintenance services for its SAP S/4HANA system. Working in collaboration with Rimini Street, Sajo Sys

Sajo Systems Switches to Rimini Street Support for SAP S/4HANA and Enables IT 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 the France-based Labeyrie Fine Foods moved its Oracle JD Edwards and Oracle Database support to award-winning service provider Rimini Street. Through this partnership, Labeyrie Fine Foods has realized significant operational value while improvin

Labeyrie Fine Foods Partners with Rimini Street to Enable the Company's Digital Evolution

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 International Container Terminal Services, Inc. (ICTSI), has switched to Rimini Street's award-winning software support services for SAP. Rimini Street will support business-critical functions such as financials, treasury, asset tracking, equipm

Global Port Operator ICTSI Entrusts Rimini Street to Deliver Reliability, Stability, and Efficiency to its Global ERP System and Enable Business Growth

The average of price targets set by Wall Street analysts indicates a potential upside of 79.8% in Rimini Street (RMNI). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Predict an 80% Upside in Rimini Street (RMNI): Here's What You Should Know

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 technology industry veteran Kevin N. Hooper has joined the company as group vice president and regional general manager for the Americas Central Region, reporting to Emmanuel Richard, senior vice president and general manager of the Americas The

Rimini Street Appoints Proven Tech Industry Veteran Kevin Hooper as GVP and GM of its Americas Central Region

The consensus price target hints at a 77.1% upside potential for Rimini Street (RMNI). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts See a 77% Upside in Rimini Street (RMNI): Can the Stock Really Move This High?

LAS VEGAS & SEOUL, South Korea--(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 has been recognized in the Great Places to Work® 2022 KOREA Best Workplaces™ Awards by the global consulting company Great Place to Work® Institute (GPTW). In addition to being named a KOREA Best Workplace™, Rimini Street also

Rimini Street Korea Named a Top 100 in KOREA Best Workplaces™ Including KOREA Best CEOs and KOREA Best Workplaces for Women Categories

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Rimini Street, Inc. (RMNI) CEO Seth Ravin on Q4 2021 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 fourth quarter and fiscal year ended December 31, 2021. “For the fourth quarter and full year 2021, we achieved a unique combination of record revenue exceeding our guidance, margin expansion, strong revenue retention and cash flow gen

Rimini Street Announces Fiscal Fourth Quarter and Annual 2021 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 its Board of Directors has authorized the repurchase of up to $15 million of common stock over the next two years. The common stock repurchases may be effected through open market purchases, including through the use of Rule 10b5-1 trading plans,

Rimini Street Announces a Common Stock Repurchase Plan of Up to $15 Million

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 combined its North America and Latin America Theatres into a single Americas Theatre and new Theatre leadership team. The new theatre will allow for streamlined operations as the Company grows, eliminating the need for role redundanci

Rimini Street Creates Americas Theatre and Appoints New Leadership Team

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 appointed technology marketing veteran Jeff Spicer as executive vice president and chief marketing officer. As Rimini Street's CMO, Spicer will lead the Company's Global Marketing organization, where he will be responsible for the Company

Rimini Street Appoints Marketing Veteran Jeff Spicer as Chief Marketing Officer

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) Q4 Earnings Expected to Decline

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 2, 2022. The Company will host a conference call and webcast on that date to discuss the fourth quarter and fiscal year 2021 results and 2022 outlook at 5:00 p.m. Eastern/2:00 p.m. Pacific time.

Rimini Street to Report Fourth Quarter and Fiscal Year 2021 Financial Results on March 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 BreastScreen Victoria, one of Australia's largest breast cancer screening organizations, has switched to Rimini Street Support for its Oracle Database software. By switching annual support providers, BreastScreen Victoria was able to liberate add

BreastScreen Victoria Switches to Rimini Street Support for its Oracle Database Software, Unlocks Resources to Meet Increasing Service Demand

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 Rimini Street Foundation has announced its inaugural RMNI LOVETM Grant Program, which aims to recognize the communities that Rimini Street works in around the world. The RMNI LOVE Grant Program will award five $10,000 grants to certified 501(c)3

Rimini Street Foundation Announces $50,000 in Grants to Eligible Las Vegas Nonprofit Organizations

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 Staffmark Group, an award-winning staffing and recruitment firm, continues to leverage Rimini Street to support the company's PeopleSoft system environment support and maintenance. Since making the switch to Rimini Street, Staffmark has significa

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