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Rimini Street(RMNI) - 2025 Q1 - Earnings Call Presentation
2025-05-02 07:20
Investor Presentation Spring 2025 Property of Rimini Street ©2025 | Proprietary and Confidential 1 LEGAL DISCLAIMER © 2025 Rimini Street, Inc. All rights reserved. "Rimini Street" is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimi ...
Rimini Street (RMNI) Matches Q1 Earnings Estimates
ZACKS· 2025-05-01 22:20
Rimini Street (RMNI) came out with quarterly earnings of $0.09 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post earnings of $0.11 per share when it actually produced earnings of $0.12, delivering a surprise of 9.09%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Rimini Street, which belongs to th ...
Rimini Street(RMNI) - 2025 Q1 - Earnings Call Transcript
2025-05-01 21:00
Rimini Street (RMNI) Q1 2025 Earnings Call May 01, 2025 05:00 PM ET Speaker0 Good afternoon, ladies and gentlemen, and welcome to the Rimini Street Q1 twenty twenty five Earnings Conference Call. At this time, all lines are in a listen only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press 0 for the operator. This call is being recorded today, Thursday, 05/01/2025. I would now like to turn the confe ...
Rimini Street(RMNI) - 2025 Q1 - Quarterly Results
2025-05-01 20:03
Financial Performance - Gross margin for Q1 2025 was 61.0%, up from 59.8% in the prior year[5] - Net income for Q1 2025 was $3.4 million, compared to $1.3 million in the prior year[5] - Revenue for Q1 2025 was $104.2 million, a decrease of 2.4% compared to $106.7 million in the same period last year[5] - Total revenue for Q1 2025 was $104,204, a decrease of 2.3% from $106,745 in Q1 2024[19] - Gross profit for Q1 2025 was $63,534, slightly down from $63,831 in Q1 2024[19] - Operating income increased significantly to $9,361 in Q1 2025, compared to $3,363 in Q1 2024, representing a 178.5% increase[19] - Net income for Q1 2025 was $3,350, up from $1,317 in Q1 2024, marking a 153.5% increase[19] - Non-GAAP operating income for Q1 2025 was $14,450, compared to $8,847 in Q1 2024, reflecting a 63.5% increase[21] - Adjusted EBITDA for Q1 2025 was $15.3 million, compared to $10.7 million in the prior year[5] - Adjusted EBITDA for Q1 2025 was $15,303, up from $10,684 in Q1 2024, indicating a 43.5% increase[21] Revenue Composition - Subscription revenue accounted for 95.0% of total revenue in Q1 2025, down from 97.4% in the prior year[5] - Annualized Recurring Revenue decreased by 4.7% to $396.2 million in Q1 2025 compared to $415.8 million in the same period last year[5] - Annualized Recurring Revenue is calculated based on subscription revenue recognized during the quarter, providing insight into future revenue potential[27] Client Metrics - Active clients increased by 1.7% to 3,092 as of March 31, 2025[5] - Active clients increased, indicating growth in the company's business and effectiveness of sales and marketing strategies[26] Billings and Deferred Revenue - Billings increased by 7.2% year over year to $79.4 million in Q1 2025[5] - The company reported a calculated billings of $79,430 for Q1 2025, an increase from $74,077 in Q1 2024[21] - Deferred revenue at the end of the period was $256,423, compared to $254,306 at the end of Q1 2024, showing a positive trend in revenue recognition[21] Guidance and Litigation - The company is suspending guidance until there is more clarity around impacts from ongoing litigation with Oracle[6] Revenue Retention - Revenue retention rate was 88% for the trailing twelve months ended March 31, 2025, down from 89% for the comparable period[5]
Rimini Street(RMNI) - 2025 Q1 - Quarterly Report
2025-05-01 20:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number: 001-37397 Rimini Street, Inc. (Exact name of registrant as specified in its charter) Delaware 36-4880301 (State or other jurisdiction ...
Waratek announces Rimini Street as sole Pinnacle Partner
Prnewswire· 2025-04-24 16:36
Core Insights - Waratek has named Rimini Street as its exclusive Pinnacle Partner, recognizing its premier global capability in the third-party support market [1][3] - Rimini Street has been instrumental in shaping innovation at Waratek over the past seven years, leveraging its extensive experience in implementing and supporting Waratek's solutions [3][5] - The partnership allows Rimini Street to provide unique protection for Java SE 5-based applications, which are still in use despite vendor support having ended a decade ago [3] Company Overview - Waratek, based in Dublin, Ireland, specializes in active security platforms that secure business-critical applications by fixing vulnerabilities in real-time [7] - Rimini Street, a Nasdaq-listed company, is a leading provider of end-to-end enterprise software support and innovation solutions, particularly known for its third-party support for Oracle, SAP, and VMware software [8] - Rimini Street has signed thousands of contracts with major organizations, achieving significant operational savings and enabling investments in AI and other innovations [8] Partnership Dynamics - As the Pinnacle Partner, Rimini Street has developed exclusive expertise in creating custom rules for the Waratek engine, unmatched by any other company [2][4] - Rimini Street's team of over 75 security professionals provides continuous support and innovation, ensuring a seamless user experience for clients [5] - Customer feedback plays a crucial role in driving continuous innovation and enhancing the security of enterprise software [6]
Rimini Street(RMNI) - 2024 Q4 - Earnings Call Transcript
2025-02-28 07:05
Rimini Street (RMNI) Q4 2024 Earnings Call February 28, 2025 03:05 AM ET Company Participants Dean Pohl - VP, IRSeth Ravin - Founder, Chairman, CEO & PresidentMichael Perica - CFOBrian Kinstlinger - MD, Director of Research & Head of Technology Research Conference Call Participants Jared Jungjohann - AnalystJeff Van Rhee - Partner & Senior Analyst - Equity ResearchRichard Baldry - MD & Senior Research Analyst Operator Good afternoon, ladies and gentlemen, and welcome to the Remini Street Q4 twenty twenty fo ...
Rimini Street(RMNI) - 2024 Q4 - Earnings Call Transcript
2025-02-28 04:26
Rimini Street, Inc. (NASDAQ:RMNI) Q4 2024 Earnings Conference Call February 27, 2025 5:00 PM ET Company Participants Dean Pohl - Vice President, Treasurer and Investor Relations Seth Ravin - CEO, President & Chairman of the Board Michael Perica - EVP & Chief Financial Officer Conference Call Participants Brian Kinstlinger - AGP Jared Jungjohann - TD Cowen Jeff Van Rhee - Craig-Hallum Richard Baldry - ROTH Capital Operator Good afternoon, ladies and gentlemen, and welcome to the Rimini Street Q4 2024 Earning ...
Rimini Street (RMNI) Q4 Earnings and Revenues Top Estimates
ZACKS· 2025-02-27 23:25
Rimini Street (RMNI) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this company would post earnings of $0.07 per share when it actually produced earnings of $0.22, delivering a surprise of 214.29%.Over the last four quarters, the company ha ...
Rimini Street(RMNI) - 2024 Q4 - Annual Results
2025-02-27 21:04
Rimini Street Announces Fiscal Fourth Quarter and Annual 2024 Financial and Operating Results page 1 Select Fourth Quarter 2024 Financial Results Select Full Year 2024 Financial Results • Revenue was $114.2 million for the 2024 fourth quarter, an increase of 1.9% compared to $112.1 million for the same period last year. • U.S. revenue was $53.1 million for the 2024 fourth quarter, a decrease of 6.5% compared to $56.8 million for the same period last year. • International revenue was $61.1 million for the 20 ...