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)-- #RMNI--Company adds seasoned executives to its board who bring a combined 50+ years of technology experience

Rimini Street Introduces Board Members Jay Snyder and Katrinka McCallum

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 Great Place to Work® India has recognized Raju Gadiraju, managing director of Rimini Street India Operations Private Ltd., as one of the top 25 of India's Best Leaders in Times of Crisis 2021. In a study conducted by Great Place to Work® India an

Rimini Street India Managing Director Honored in the Top 25 of India's Best Leaders in Times of Crisis

LAS VEGAS--(BUSINESS WIRE)-- #RMNI--Company receives a Gold Award in Science or Technology for its innovative, proprietary AI Support Platform

Rimini Street Honored With Seven Stevie® Awards for Technical Innovation, Excellence in Customer Service, Global Growth and Corporate Responsibility

LAS VEGAS--(BUSINESS WIRE)-- #ERPsupport--Leading Australian energy company attracted to Rimini Street's support model and avenue to reduce costs

Origin Energy Switches to Rimini Street Support

LAS VEGAS--(BUSINESS WIRE)-- #RMNI--Company provides global, mission-critical “turnkey” enterprise-class database services from a single partner

Rimini Street Extends Its Award-Winning Support, Application Management, Security and Migration Services to Leading Open Source Databases

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 been awarded the Grand Prize for Best Customer Support from the Japan Institute of Information Technology (IT). Rimini Street earned this distinguished honor for its unique and innovative support model, which includes the Compan

Rimini Street Awarded Grand Prize For Best Customer Support by the Japan Institute of Information Technology

LAS VEGAS--(BUSINESS WIRE)-- #RMNI--Company's mission-critical support infrastructure empowers the fastest 5G network provider in the U.S. to deliver on its brand promise

T-Mobile's Use of Rimini Street Support for Its SAP Applications Helps Enable Competitive Differentiation and Enhanced Customer Experiences

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, CEO, Rimini Street and Michael L. Perica, chief financial officer, Rimini Street, will participate in a fireside chat on August 24 at 1:00 p.m. Eastern Time at the BMO 2021 Technology Summit. Participants can watch live at the foll

Rimini Street to Present at the BMO 2021 Technology Summit on August 24, 2021

Rimini Street, Inc. (RMNI) CEO Seth Ravin on Q2 2021 Results - Earnings Call Transcript

Rimini Street (RMNI) delivered earnings and revenue surprises of -136.36% and 2.05%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Rimini Street (RMNI) Reports Q2 Loss, Tops Revenue Estimates

LAS VEGAS--(BUSINESS WIRE)--Quarterly revenue of $91.6 million, up 16.9% year over year. Gross margin of 62.2%, up from 61.2% year over year.

Rimini Street Announces Fiscal Second Quarter 2021 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.

Analysts Estimate Rimini Street (RMNI) to Report a Decline in Earnings: What to Look Out for

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 has closed on the previously announced $90 million five-year senior secured credit facility (the “Credit Facility”) with approximately $88 million of the borrowings used for the redemption of the remaining Series A Preferred stock and the remainder

Rimini Street Completes $90 Million Commercial Bank Financing and Fully Redeems Remaining Series A Preferred Stock

LAS VEGAS--(BUSINESS WIRE)--Rimini Street to Report Second Quarter 2021 Financial Results on August 4, 2021

Rimini Street to Report Second Quarter 2021 Financial Results on August 4, 2021

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #RMNI--Capital One, National Association provides capital at LIBOR + 1.75% - 2.50% to replace Company's Series A Preferred stock dividends and costs

Rimini Street Announces $90 Million Commercial Bank Financing to Fully Redeem Remaining Series A Preferred Stock

LAS VEGAS--(BUSINESS WIRE)-- #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 the County of Fresno in California has switched to Rimini Street Support for its Oracle Database and Fusion Middleware software and PeopleSoft applications. The County's Internal Services Department (ISD) had long considered replacing the support and

County of Fresno Switches to Rimini Street Support and Reinvests Annual Oracle Support Cost Savings in Growing Its Public Programs

LAS VEGAS--(BUSINESS WIRE)-- #RMNI--Promotion of acting regional leader to support and capitalize on continued growing demand for third-party support solutions

Rimini Street Promotes and Appoints New Regional GM for OCEANIA

LAS VEGAS--(BUSINESS WIRE)-- #RMNI--New leader to capitalize on increasing demand for third-party support solutions across EMEA

Rimini Street Promotes Seasoned and Successful OCEANIA Regional GM to Run Larger EMEA Theatre

LAS VEGAS & LONDON--(BUSINESS WIRE)-- #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 has been recognized in the 2021 UK's Best Workplaces™ for Women in the medium-sized firm category. This achievement follows a top 10 ranking in the 2021 UK's Best Workplaces™, as well as recognition in 2020 as a Great Place to Work-Certifi

Rimini Street UK Recognized in the Top 20 of the 2021 UK's Best Workplaces™ for Women

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 that quantiQ, a leading Brazilian distributor of chemical products based in São Paulo, has switched to Rimini Street Support for SAP S/4HANA. By switching to Rimini Street, quantiQ saved 75% in total support costs compared to what the company was spen

Leading Brazilian Chemical Distributor Switches to Rimini Street Support for SAP S/4HANA

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 that International Air Transport Association (IATA), the leading commercial aviation trade association headquartered in Montreal, Canada, has switched to Rimini Street Support and Application Management Services (AMS) for its SAP ECC 6.0 and Business

IATA Strengthens Operational Scalability By Switching to Rimini Street for Integrated Support and Application Management Services for its SAP Applications

LAS VEGAS--(BUSINESS WIRE)-- #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 that Rimini Street India Operations Private Ltd. has earned the designation of Great Place to Work-CertifiedTM. Based on validated employee feedback gathered using Great Place to Work's rigorous, data-driven methodology, the certification confirmed th

Rimini Street India Certified as Great Place to Work® Company

Shares of the enterprise software company fell on a disappointing earnings report.

Why Rimini Street Stock Tumbled Today

Rimini Street, Inc. (RMNI) CEO Seth Ravin on Q1 2021 Results - Earnings Call Transcript

Rimini Street (RMNI) delivered earnings and revenue surprises of -81.82% and -0.54%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

News for Rimini Street Stock (RMNI)