Rimini Street reports Q1 EPS 4c, consensus 8c

Reports Q1 revenue $104.2M, consensus $103.2M. Active Clients as of March 31, 2025 were 3,092, an increase of 1.7% compared to 3,040 Active Clients as of March 31, 2024. Revenue Retention Rate was 88% for the trailing twelve months ended March 31, 2025 and 89% for the comparable period ended March 31, 2024. Billings was $79.4 million for the 2025 first quarter, an increase of 7.2% compared to $74.1 million for the same period last year. The company is continuing to suspend guidance until there is more clarity around impacts from current litigation activity before the U.S. Federal courts in the Company’s ongoing litigation with Oracle.