RMNI

Recognition of Workplace Culture: Rimini Street has received multiple Great Place to Work® certifications across various countries, highlighting its commitment to a fair and inclusive workplace culture where employees feel valued regardless of age, gender, or race.

Employee Satisfaction and Community Engagement: Surveys indicate that Rimini Street employees feel welcomed, heard, and satisfied with their contributions to the community, reflecting strong management support and open communication within the company.

Strategic Partnership Announcement: Rimini Street, Inc. has formed a strategic partnership with T-Systems North America to enhance enterprise software support and managed services, aiming to help businesses reduce costs and accelerate digital transformation.

Combined Expertise Benefits: The alliance leverages Rimini Street's extensive experience in software support and T-Systems' capabilities in cloud infrastructure, providing customers with improved IT solutions that extend the lifespan of existing technologies while integrating modern automation and cloud technologies.

Strategic Partnership Announcement: Rimini Street, Inc. has formed a strategic alliance with T-Systems North America to enhance IT support services and managed solutions for businesses, aiming to reduce costs and accelerate digital transformation.

Combined Expertise Benefits: The collaboration leverages Rimini Street's software support experience and T-Systems' cloud infrastructure knowledge, providing clients with comprehensive IT solutions that improve profitability, growth, and competitiveness in a rapidly evolving market.

Strategic Partnership Announcement: Rimini Street, Inc. has formed a strategic alliance with T-Systems North America to enhance enterprise software support and managed services, aiming to reduce costs and improve IT stability for businesses.

Benefits of Collaboration: The partnership will leverage Rimini Street's expertise in enterprise software and T-Systems' knowledge in cloud infrastructure, providing clients with integrated IT solutions that maximize the value of their IT investments while ensuring high-quality service and operational efficiency.

Strategic Partnership Announcement: Rimini Street, Inc. has formed a strategic partnership with T-Systems North America to enhance enterprise software support and managed services, aiming to reduce costs and accelerate digital transformation for businesses.

Benefits of Collaboration: The alliance combines Rimini Street's expertise in enterprise software support with T-Systems' cloud infrastructure services, providing clients with improved IT solutions, flexibility, and competitive advantages in a rapidly changing market.

Strategic Partnership Announcement: Rimini Street, Inc. has formed a strategic partnership with T-Systems North America to enhance enterprise software support and hosting solutions, aiming to reduce IT costs and improve digital transformation for clients.

Benefits of Collaboration: The alliance combines Rimini Street's expertise in software support with T-Systems' cloud infrastructure services, allowing organizations to extend the lifespan of their IT products while adopting modern technologies without significant additional investments.

Insider Trading Activity: David W. Rowe, CPO of $RMNI, sold 2,951 shares on March 3, 2025, representing about 0.7% of his holdings, leaving him with 394,479 shares; in the past six months, all 11 insider trades were sales with no purchases reported.

Institutional Investor Movements: In the latest quarter, 52 institutional investors increased their positions in $RMNI stock while 42 reduced theirs, indicating mixed sentiment among institutional stakeholders.

Financial Performance Overview: Rimini Street, Inc. reported a slight revenue increase in Q4 2024 to $114.2 million but faced challenges with profitability, resulting in a net loss of $36.3 million for the full year, compared to a profit in 2023.

Operational Highlights and Future Outlook: The company expanded its customer base and introduced new solutions while suspending performance guidance due to ongoing litigation with Oracle; it plans to discuss results and insights for 2025 in an upcoming conference call.

Financial Performance Overview: Rimini Street, Inc. reported a total revenue of $114.2 million for Q4 2024, marking a slight increase from the previous year, while annual revenue decreased to $428.8 million. The company experienced a net loss of $36.3 million for the fiscal year, compared to a net income in 2023.

Client Growth and New Initiatives: The number of active clients rose to 3,081, with new client acquisitions including notable companies like Gunung Raja Paksi and Bumhan Mecatec. Additionally, Rimini Street announced partnerships and expansions in its service offerings, particularly focusing on enhancing database security and support solutions.

Financial Performance Overview: Rimini Street, Inc. reported a revenue of $114.2 million for Q4 2024, marking a 1.9% increase year-over-year, while total annual revenue decreased by 0.6% to $428.8 million. The company experienced a net loss of $36.3 million for the year compared to a profit of $26.1 million in 2023.

Customer and Operational Developments: The company announced new customer acquisitions and contract expansions, including partnerships with Gunung Raja Paksi and Bumhan Mecatec. Additionally, Rimini Street is collaborating with ServiceNow to enhance ERP system value and has expanded its Rimini Protect™ and Rimini Connect™ solutions for improved database security and interoperability.

Earnings Performance: Rimini Street reported a Q4 GAAP EPS of $0.07, exceeding expectations by $0.02, with revenue of $114.21 million reflecting a 1.9% year-over-year increase and surpassing estimates by $11.65 million.

Financial Metrics: The company experienced a decrease in non-GAAP net income to $10.8 million from $17.1 million year-over-year, while gross margin improved to 63.7% and billings rose by 7.1% year over year.

Rimini Street Grants: Rimini Street, Inc. announced a total of $100,000 in grants for charities as part of its RMNI LOVE program to celebrate the foundation's 10th anniversary, with ten organizations eligible to receive $10,000 each in selected cities worldwide.

Foundation's Impact: Established in 2015 and managed by employees, the Rimini Street Foundation has supported over 550 charitable organizations globally, reflecting the company's commitment to social development and community engagement.

Rimini Street Foundation Donation: Rimini Street, Inc. announced a $100,000 donation to celebrate the 10th anniversary of its charitable initiative, the Rimini Street Foundation, which will distribute ten grants of $10,000 each to registered charities in selected cities worldwide.

Charitable Grant Program Details: The RMNI LOVE grant program invites certified charities from ten designated cities to apply for funding, with the application period open from February 10 to March 9, 2025, highlighting the foundation's commitment to social progress and community support.

Rimini Street Foundation Celebrates 10 Years: Rimini Street, Inc. announced a $100,000 RMNI LOVE Charitable Grant to commemorate the 10th anniversary of its philanthropic program, inviting registered charities from selected cities worldwide to apply for ten $10,000 grants throughout 2025.

Impact and Growth of Philanthropic Efforts: Founded in 2015 and managed by employees, the Rimini Street Foundation has partnered with 550 international charities, focusing on creating equal opportunities and supporting community progress through financial donations, in-kind contributions, and volunteer events.

Rimini Street Foundation Anniversary: Rimini Street, Inc. announced a $100,000 RMNI LOVE charity grant program to celebrate the 10th anniversary of its Rimini Street Foundation, inviting registered charities from various global cities to apply for ten grants of $10,000 each.

Philanthropic Impact: The Rimini Street Foundation, established in 2015 and funded entirely by the company, has collaborated with over 550 nonprofit organizations worldwide, emphasizing its commitment to creating equal opportunities and supporting community progress through donations and volunteer work.

Rimini Street Foundation Grant Giveaway: Rimini Street, Inc. is celebrating the 10th anniversary of its philanthropic program by offering a $100,000 RMNI LOVE Charitable Grant Giveaway, inviting certified charities in select cities to apply for one of ten $10,000 grants throughout 2025.

Foundation's Impact and History: Founded in 2015, the Rimini Street Foundation has supported over 550 global charitable organizations, emphasizing the company's commitment to social progress and community engagement through financial giving, donations, and volunteer events.

Insider Trading Activity: David W. Rowe, the CPO of $RMNI, sold 3,512 shares for approximately $9,791, marking a 0.9% reduction in his holdings, with no insider purchases reported in the last six months.

Institutional Investor Movements: In the latest quarter, 39 institutional investors increased their positions in $RMNI stock while 41 reduced theirs, indicating mixed sentiment among institutional stakeholders.

Financial Results Announcement: Rimini Street, Inc. will release its financial results for Q4 and fiscal year 2024 on February 27, 2025, followed by a teleconference to discuss the results and 2025 forecasts.

Company Overview: Rimini Street is a global provider of enterprise software support services, specializing in Oracle, SAP, and VMware, with a strong client base including Fortune 500 companies.

Earnings Announcement: Rimini Street, Inc. will release its revenue results for the fourth quarter and full year of fiscal 2024 on February 27, 2025, followed by a conference call at 5 PM EST to discuss the results and outlook for 2025.

Company Overview: Rimini Street is a leading provider of enterprise software support and innovative solutions, specializing in Oracle, SAP, and VMware software, serving thousands of clients including Fortune 100 and 500 companies.

Earnings Announcement: Rimini Street, Inc. will announce its earnings after market close on February 27, 2025, and will hold a conference call and webcast at 5:00 PM ET to discuss the financial results for Q4 and FY 2024, along with the outlook for 2025.

Company Overview: Rimini Street is a global provider of end-to-end support and innovation solutions for enterprise software, specializing in third-party support for Oracle, SAP, and VMware software, serving numerous Fortune Global 100 and 500 companies.