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.

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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 end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced the global launch of Rimini Support™, Rimini Protect™ and Rimini Consult™ for VMware products, in a first-of-its-kind, comprehensive third-party offering. Rimini Street services for VMware will allow perpetually-licensed VMware cus.

Rimini Street Announces the Immediate Availability of Comprehensive Support, Security and Consulting Services for VMware Products

LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced that Pacific Healthcare Group, the leading sales and marketing services organization for the Southeast Asian healthcare industry, has selected Rimini Support™ for Oracle which includes support for Oracle EBS, Oracle Technology and.

Pacific Healthcare Group Selects Rimini Street to Extend the Life and Value of its Highly Customized, On-Premises Oracle Environment

LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced that TrustRadius has recognized Rimini Street with four 2024 Top Rated Awards. With a strong score of 9 out of 10 based on verified customer reviews, Rimini Street is recognized as a standout in the Product Implementation Services.

Rimini Street Earns Four 2024 Top Rated Awards from TrustRadius in the Services Category

Rimini Street, Inc. (NASDAQ:RMNI ) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Company Participants Dean Pohl – Vice President, Treasurer and Investor Relations Seth Ravin – President and Chief Executive Officer Michael Perica – Chief Financial Officer Conference Call Participants Brian Kinstlinger – Alliance Global Partners Daniel Hibshman – Craig-Hallum Capital Group Operator Good day, and thank you for standing by. Welcome to the Rimini Street First Quarter 2024 Earnings Call.

Rimini Street, Inc. (RMNI) Q1 2024 Earnings Call Transcript

Rimini Street (RMNI) came out with quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.11 per share a year ago.

Rimini Street (RMNI) Lags Q1 Earnings and Revenue Estimates

LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced results for the fiscal first quarter ended March 31, 2024. Select First Quarter 2024 Financial Highlights Revenue was $106.7 million for the 2024 first quarter, an increase of 1.2% compared to $105.5 million for the same period las.

Rimini Street Announces Fiscal First Quarter 2024 Financial and Operating Results

Rimini Street (RMNI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Rimini Street (RMNI) Upgraded to Strong Buy: What Does It Mean for the Stock?

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LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products, and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced the appointment of Steve Hershkowitz as its new Chief Revenue Officer (CRO). “Steve's leadership and extensive experience scaling businesses to deliver top-line growth will expand our sales reach to capture new logos and increase.

Rimini Street Appoints Steve Hershkowitz as Chief Revenue Officer

LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, has been named a multiple award-winning honoree in the 18th annual Stevie Awards for Sales & Customer Service. A standout amongst the 2,300 nominations received from across the world, Rimini Street received two awards in two different customer.

Rimini Street Honored with Two Prestigious Stevie® 2024 Awards in the Category of Customer Service

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LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced the appointment of Martyn Hoogakker as the new group vice president and general manager for the Europe, Middle East and Africa (EMEA) region. “We are excited to welcome Martyn Hoogakker to the Rimini Street executive leadership tea.

Rimini Street Appoints Martyn Hoogakker as GVP & General Manager for EMEA Region

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LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced it will report earnings prior to market open on May 2, 2024. The company will host a conference call and webcast on that date to discuss the first quarter 2024 results and the 2024 outlook at 5:00 p.m. Eastern / 2:00 p.m. Pacific t.

Rimini Street to Report First Quarter 2024 Financial Results on May 2, 2024

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Rimini Street (RMNI) Stock Undervalued Right Now?

LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products, and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced the findings of the Foundry survey, “Forces Driving the Future of Your Oracle Database Road Map.” The Rimini Street-sponsored research was conducted among more than 100 U.S.-based Oracle application managers and leads, database ar.

New Oracle Database Survey Shows Customers Satisfied with Current Releases but Concerned with Cost, Effort, and Upgrades Required to Maintain and Support

Rimini Street is facing legal challenges from Oracle, but the stock is still undervalued with a potential upside of 34% to 125%. Rimini Street provides non-proprietary software support at lower prices than Oracle and SAP, attracting smaller companies. The injunction primarily affects a small portion of Rimini's revenue (8%), and the reputational risk is limited due to its competitive pricing.

Rimini Street: Extremely Cheap Even After Adjusting For Litigation Risks

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

Earnings Estimates Rising for Rimini Street (RMNI): Will It Gain?

Is Rimini Street (RMNI) a Great Value Stock Right Now?

Rimini Street, Inc. (RMNI) Q4 2023 Earnings Call Transcript

LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products, and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced results for the 2023 fourth quarter and fiscal year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights Revenue was $112.1 million for the 2023 fourth quarter, an increase of 3.2% compared to $108.6 million for the s.

Rimini Street Announces Fiscal Fourth Quarter and Annual 2023 Financial and Operating Results

LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products, and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced the launch of Rimini Custom™, a new service offering that expands the company's leading support and services to a broader scope of enterprise software products and releases. “Rimini Custom is a game-changer for organizations that.

Rimini Street Launches Rimini Custom™ to Expand its Award-Winning Services to a Broader Scope of Enterprise Software

LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products, and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, proudly announces its achievement of ranking 8th in the nation as Best Workplaces™ in Korea, along with four additional Great Place to Work® 2024 Korea awards. This recognition builds on Rimini Street's multiple culture awards and certifications.

Rimini Street Korea Ranked 8th in Nation by Best Workplaces™ Korea and Awarded Best Workplaces™ for Parents and Most Respected CEO

LAS VEGAS--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced that it has selected London to host this year's annual £50,000 RMNI LOVE Grant Program, Rimini Street's self-funded charitable program that provides financial contributions, in-kind donations and employee volunteer hours to non-pro.

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