Rimini Street reports Q1 non-GAAP net income $4.0M vs. $9.5M last year

Reports Q1 revenue $105.5M, consensus $102.72M. The company said, “Our first quarter results reflect continued growth and accelerating momentum in our core Rimini Support(TM) business as organizations turn to the proven Rimini Smart Path(TM) to execute their global ERP and operational transaction processes faster, better and cheaper with more agility and speed to value – all within existing budgets. We help organizations avoid unnecessary, costly and risky ERP and other enterprise software upgrades, migrations and replatformings that often deliver low ROI and little competitive advantage. Instead, organizations can invest in the modernization of their existing systems by leveraging next generation Rimini Agentic AI ERP solutions that can be quickly and economically deployed over their current ERP and other enterprise software to deliver real competitive advantage.”