Welcome to our dedicated page for Rimini Street news (Ticker: RMNI), a resource for investors and traders seeking the latest updates and insights on Rimini Street stock.
Rimini Street, Inc. reports developments tied to its enterprise software support, managed services and Agentic AI ERP innovation solutions. The company provides third-party support for Oracle, SAP and VMware software, with customer updates often centered on Rimini Support for SAP or Oracle, VMware support, software-roadmap flexibility, security, compliance readiness and IT cost management.
Recurring updates also cover quarterly financial results, recurring revenue measures, remaining performance obligations, customer contracts across global commercial and public-sector organizations, investor conferences, credit agreement changes, debt reduction and common share repurchase capacity.
Rimini Street (Nasdaq: RMNI) appointed Keith Costello as executive vice president and chief operating officer and Alexander (Alex) Guasch as executive vice president and chief delivery officer. Costello, a former senior leader at DXC Technology, IBM and SAP, will own product strategy, professional services sales and key global business operations, responsibilities previously held by president and CEO Seth Ravin.
Guasch, who has led large-scale delivery organizations at HPE, IBM, VMware, Cognizant and others, will oversee end-to-end development and delivery of all products, services and solutions worldwide. According to Rimini Street, the strengthened C-suite is intended to support revenue growth, profitability and global client success, building on 24/7/365 service, average two-minute response times and 4.9/5.0 client satisfaction.
Rimini Street (Nasdaq: RMNI) announced that Khimji Ramdas Group, one of Oman’s largest privately held conglomerates, has chosen Rimini Support for SAP to maintain its highly customized SAP ECC 6 system, which includes more than 700 custom codes.
According to Rimini Street, the move has reduced Khimji Ramdas’ total SAP support costs by 80%, enabled reinvestment of savings into AI and growth initiatives, and helped the company avoid pressure to migrate to SAP S/4HANA. Khimji Ramdas reports zero SAP downtime over four years with Rimini Street and highlights support for Omani labor regulation compliance, as well as new projects such as Salesforce CRM, expanded e-commerce and an in-house large language model.
Rimini Street (Nasdaq: RMNI) reported fiscal Q2 2026 revenue of $111.1 million, up 6.7% year over year, with Adjusted Revenue (excluding Oracle PeopleSoft support) up 10.0%. International revenue grew 14.1%, while U.S. revenue declined 1.6%. Subscription revenue was $103.2 million, 92.9% of total.
Annualized Recurring Revenue reached $412.8 million (up 4.8%), with Adjusted ARR up 8.1%. Remaining Performance Obligations were $636.9 million, up 8.0%. Gross margin improved to 60.9%. Operating income was $6.4 million and net income $2.4 million, both down versus a prior-year quarter that included a large litigation settlement benefit. Cash and equivalents rose to $123.4 million, debt fell to $48.4 million after a $10 million prepayment. The company guided Q3 2026 revenue to $110–$112 million and reiterated full-year 2026 revenue growth of 4–6% and Adjusted EBITDA margin of 12.5–15.5%.
Rimini Street (Nasdaq: RMNI) announced the immediate availability of Rimini Govern™ for AI, a managed service that provides a centralized operational control plane to govern, secure and monitor enterprise AI agents and workflows, delivered 24/7/365 from its Global Command Centers by expert AI engineers.
The subscription service aims to help organizations discover and control AI agents, enforce security and compliance guardrails, audit activity, measure performance and ROI, and manage costs. Deployment follows a three-phase model – Plan, Implement, Operate – and complements Rimini Agentworks™ and Rimini Agentic UX™ to offer end-to-end Agentic AI lifecycle and governance capabilities for mission-critical, highly regulated and security-cleared environments.
Rimini Street (Nasdaq: RMNI) announced that AUTOBACS SEVEN, Japan’s leading automotive aftermarket retailer, is marking a 10-year partnership focused on maintaining stable SAP ECC 6 and Oracle Database systems while reinvesting savings into innovation.
According to Rimini Street, AUTOBACS SEVEN initially switched from vendor support to Rimini Support™ for SAP ECC 6 in 2016, then expanded to Oracle Database, consolidating support with a single provider. The client reports immediate 50% savings on annual support fees and up to 90% lower total cost of ownership, alongside guaranteed 10-minute response times for critical issues, typically under two minutes, and access to engineers averaging 20+ years of ERP experience. Rimini Street also provides a 15-year support guarantee for the customer’s SAP ECC 6 and Oracle Database environments and positions its Rimini Smart Path™ (Support, Optimize, Innovate) methodology to help AUTOBACS SEVEN fund AI and automation initiatives from existing IT budgets without large, disruptive transformation projects.
Rimini Street (Nasdaq: RMNI) has been selected by Indonesia-based VIVERE Group to provide Rimini Support for SAP ECC 6, which underpins VIVERE’s project, manufacturing and distribution operations. The partnership aims to maintain business continuity, strengthen SAP support and free internal IT resources for digital transformation.
Rimini Street (Nasdaq: RMNI) will report its second quarter 2026 financial results after market close on July 30, 2026. Management will host a conference call and live webcast at 5:00 p.m. Eastern / 2:00 p.m. Pacific to discuss results and second half 2026 outlook.
A live webcast will be available via the Rimini Street investor relations site, with conference dial-in at 1-800-836-8184. A webcast replay will be accessible for one year following the event.
Rimini Street (Nasdaq: RMNI) announced that New Zealand telecom provider One NZ is using Rimini Support and Rimini Connect to stabilize its Oracle estate and advance AI initiatives.
The partnership covers Siebel CRM, Oracle Database and billing systems, offering 24/7 support, interoperability solutions and long-term support availability.
Rimini Street (Nasdaq: RMNI) reported fiscal Q1 2026 results: revenue $105.5M, RPO $643.6M (+16.4% YoY), Adjusted Calculated Billings $92.2M (+22.9% YoY) and Adjusted ARR $388.0M (+5.0% YoY, excl. PeopleSoft support).
Cash and equivalents were $132.2M, term loan outstanding reduced to $58.4M after a $10M voluntary prepayment, and net cash rose to $73.8M. Q2 revenue guidance: $106M–$108M; full‑year guidance reiterated.
Rimini Street (Nasdaq: RMNI) announced its 2026 investor events schedule featuring management participation in investor conferences and webcasts in May 2026. CFO Michael Perica and VP Dean Pohl will present and host one-on-one meetings and webcast sessions in New York and Minneapolis.
Key dates: May 13-14 Needham Technology Conference (NYC), May 27 TD Cowen Fireside Chat (NYC), and May 28 Craig-Hallum Institutional Investor Conference (Minneapolis). Investors can schedule meetings via IR@riministreet.com and access webcast links on the company investor site.