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Rimini Street Inc (RMNI)
NASDAQ:RMNI
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.07Last Year’s EPS
0.07Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 14.10%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted positive developments in terms of billings growth, client satisfaction, and strategic partnerships, particularly with ServiceNow. However, these were offset by revenue declines, decreased annualized recurring revenue, significant litigation costs, and cash flow challenges. The litigation success provides a potential positive outlook, but financial challenges persist.Company Guidance
During the Rimini Street Q4 2024 earnings call, the company highlighted substantial metrics indicating growth and strategic initiatives. They reported Q4 revenue of $114.2 million, marking a 1.9% increase year-over-year, and full-year revenue of $428.8 million, a slight decrease of 0.6%. Billings rose 7.1% year-over-year to $172.1 million in Q4, with full-year billings at $423 million, up 1.1%. The company's gross margin for Q4 was 63.7%, and 60.9% for the full year, with non-GAAP gross margins slightly higher. Operating expenses were addressed, noting a cost optimization plan aiming for $35 million in annual reductions, with $18 million achieved by Q4's end. Sales and marketing expenses accounted for 32.8% of revenue in Q4. The company also noted a litigation payment of $58.5 million to Oracle, which impacted cash flow and net income figures. Looking ahead, Rimini Street is focusing on accelerating growth through strategic sales model changes, expanding services, and leveraging partnerships, such as with ServiceNow, to drive future revenue and profitability improvements. They anticipate returning to providing financial guidance in 2025 as litigation uncertainties decrease.Positive Billings Growth
Billings for the fourth quarter were $172.1 million, up 7.1% year-over-year, and full-year 2024 billings increased by 1.1%.
Strong Client Satisfaction
Global service delivery achieved a support client case satisfaction average rating over 4.9 out of 5.0.
Success in Litigation
The U.S. Ninth Circuit Court of Appeals vacated much of the U.S. District Court's trial rulings against Rimini Street in the Rimini II case.
Strategic Partnerships
New partnership with ServiceNow to offer ERP licensees a modernization solution without costly upgrades.
Gross Margin Improvement
Gross margin was 63.7% of revenue for the fourth quarter, compared to 61% in the prior year fourth quarter.
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RMNI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RMNI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $3.05 | $3.55 | +16.39% |
| Oct 30, 2024 | $1.69 | $1.59 | -5.92% |
| Jul 31, 2024 | $3.15 | $2.22 | -29.52% |
| May 02, 2024 | $2.76 | $2.61 | -5.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rimini Street Inc (RMNI) report earnings?
Rimini Street Inc (RMNI) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Rimini Street Inc (RMNI) earnings time?
Rimini Street Inc (RMNI) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RMNI EPS forecast?
RMNI EPS forecast for the fiscal quarter 2025 (Q1) is 0.07.
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