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

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Earnings data Q1 2023

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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)---- $RMNI #RMNI--Company's award-winning support model delivered to more than 3,500 clients to date, enabling savings of nearly $5 billion in total maintenance costs

Rimini Street Celebrates 15 Years of Delivering Client Success

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #3rdpartysupport--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 Green Cargo, the Swedish state-owned rail logistics operator, has renewed and extended support and maintenance for its mission-critical SAP ECC 6.0 platform with Rimini Street. Green Cargo first switched to Rimini Street Support in 2017 and is co

Green Cargo Extends Support Agreement With Rimini Street for Its SAP Applications, Enabling Company to Focus on Agile IT Strategy

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #RMNI--Rimini Street recognized for excellence in client service, innovative AI support platform and inventive employee engagement initiatives

Rimini Street Wins Gold Stevie® Awards for Company of the Year and Employer of the Year

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #RMNI--Rimini Street Statement on Court Ruling on Motions for Partial Summary Judgment

Rimini Street Statement on Court Ruling on Motions for Partial Summary Judgment

Oracle

REDWOOD SHORES, Calif., Sept. 15, 2020 /PRNewswire/ -- Today, in Rimini Street, Inc.

Court Finds Rimini Street Continues To Infringe And Is Entitled To No Damages

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #3rdpartysupport--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 Vedacit, a leading manufacturer of construction products based in Brazil, switched to Rimini Street for support of its Oracle JD Edwards and Database software.

Vedacit Boosts Innovation With Savings From Switching Its Oracle JD Edwards and Database Software to Rimini Street Support

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #3rdpartysupport--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 Hyundai-Kia Motors expanded its support agreement with Rimini Street for its Oracle Database software to include all of its affiliates and offices overseas.

Hyundai-Kia Motors Expands Use of Rimini Street Support for Its Oracle Database Software to Include All Overseas Branches and Affiliates Worldwide

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #RMNI--Rimini Street to Present at the H.C. Wainwright & Co.

Rimini Street to Present at the H.C. Wainwright & Co.

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #RMNI--Japan’s largest manufacturer of disposable food containers defers costly move to S/4HANA and maximizes ROI from existing SAP releases

FP Corporation Switches to Rimini Street Support for Its SAP Applications

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #RMNI--Latin American automotive parts and accessories manufacturer leverages support savings to expand business and fund future innovation initiatives

Rassini Automotive Switches to Rimini Street Support for its SAP Applications

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #3rdpartysupport--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 Elders, a leading agribusiness in Australia, has selected Rimini Street for support and maintenance of its SAP software.

Elders Switches to Rimini Street Support for its SAP Software

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #RMNI--Rimini Street, Inc. Announces Closing of its Public Offering of Common Stock

Rimini Street, Inc. Announces Closing of its Public Offering of Common Stock

OptiNose

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Some stock offerings dilute -- but not all.

Why Sunnova Energy, Rimini Street, and OptiNose Stocks All Dropped Today

Rimini Street, Inc. (RMNI) CEO Seth Ravin on Q2 2020 Results - Earnings Call Transcript

Rimini Street, Inc. (RMNI) delivered earnings and revenue surprises of 33.33% and -1.01%, respectively, for the quarter ended June 2020.

Rimini Street, Inc. (RMNI) Surpasses Q2 Earnings Estimates

Rimini Street, Inc. (RMNI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.

Rimini Street, Inc. (RMNI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #3rdpartysupport--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 Airservices Australia, Australia’s air navigation service provider, has further extended the maintenance and support agreement for its mission-critical SAP platform with Rimini Street. The organization first switched to Rimini Street support in 2

Airservices Australia Extends Agreement With Rimini Street to Support Its SAP Applications

LAS VEGAS--(BUSINESS WIRE)---- $RMNI #3rdpartysupport--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 Downies Collectables, one of the southern hemisphere’s largest online retail and auction sites for collectables and numismatic products, has shifted support for its SAP ECC system to Rimini Street Support. The company was not seeing a good ROI fo

Downies Collectables Switches to Rimini Street Support for Its SAP Applications

Rimini Street: The Best Risk/Reward Of Any COVID-19 Beneficiary

Rimini Street, Inc. (RMNI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Moving Higher for Rimini Street, Inc. (RMNI): Time to Buy?

Rimini Street, Inc. (RMNI) CEO Seth Ravin on Q1 2020 Results - Earnings Call Transcript

Rimini Street, Inc. (RMNI) CEO Seth Ravin on Q4 2019 Results - Earnings Call Transcript

Rimini Street, Inc. (RMNI) delivered earnings and revenue surprises of -37.50% and 6.07%, respectively, for the quarter ended December 2019.

Rimini Street, Inc. (RMNI) Lags Q4 Earnings Estimates

Rimini Street, Inc. (RMNI) CEO Seth Ravin on Q3 2019 - Earnings Call Transcript

News for Rimini Street Stock (RMNI)