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. (Nasdaq: RMNI) regularly issues news about its role as a global provider of enterprise software support, managed services and Agentic AI ERP solutions. The RMNI news feed highlights how the company serves as a third-party support provider for Oracle, SAP and VMware software and how its offerings are applied in real client environments across industries and regions.
Investors and technology professionals following Rimini Street news can read about client engagements where organizations switch to Rimini Support™ for SAP ECC or Oracle ERP systems, adopt Rimini Connect™ interoperability solutions or engage Rimini Consult™ for ERP strategy and modernization projects. Recent releases describe work with companies such as SP Electricity North West, Tidewater and Silicon Labs, focusing on themes like cost savings, improved system stability, security, single sign-on capabilities and reduced technical debt.
RMNI news also covers the company’s Agentic AI ERP initiatives, including the launch of Rimini Agentic UX™, an AI-driven user engagement layer for ERP processes, and the publication of the white paper "The Rise of Agentic AI ERP." These announcements explain how Rimini Street positions Agentic AI ERP as a way to orchestrate business processes across composable ERP platforms without disruptive upgrades, and how clients are using these capabilities to accelerate innovation.
In addition, Rimini Street news releases report on quarterly financial and operating results, stock repurchase activity, investor conferences and investor day events, as well as legal and regulatory developments such as the settlement agreement with Oracle. For anyone tracking RMNI, the news stream offers insight into the company’s client wins, product developments, strategic partnerships and financial disclosures over time.
Rimini Street, Inc. (Nasdaq: RMNI), a top provider of enterprise software support, will participate in the 19th Annual Craig-Hallum Institutional Investor Conference on June 1. CEO Seth A. Ravin, CFO Michael L. Perica, and VP of Investor Relations Dean Pohl are scheduled for one-on-one and small group meetings with investors. Rimini Street specializes in third-party support for Oracle and SAP products, helping enterprises reduce costs and enhance business outcomes. The company serves nearly 4,700 organizations worldwide.
Rimini Street, Inc. (Nasdaq: RMNI) has signed an agreement with Lwart Soluções Ambientais, a leading Latin American oil recycler, to provide support for its SAP ECC 6.0 environment. This partnership allows Lwart to optimize its ERP operations and focus on strategic business goals without mandatory upgrades. Rimini Street’s services include tax and regulatory compliance, enabling Lwart to enhance operational efficiency and invest in innovation. The company aims to reach $1B in annual revenue by 2026, showcasing a commitment to long-term growth.
Rimini Street, Inc. (NASDAQ: RMNI) has partnered with AllianceCorp Manufacturing Holdings (ACM) to enhance its SAP S/4HANA software support. This collaboration allows ACM to focus on innovation and pursue new opportunities in sectors like electric vehicles and robotics. By leveraging Rimini Street's expertise, ACM aims to achieve greater business agility while maximizing return on its ERP investment. Rimini Street is targeting $1B in annual revenue by 2026.
Rimini Street, Inc. (NASDAQ: RMNI) will present at the 17th Annual Needham Technology & Media Conference on May 19, 2022, at 2:15 p.m. Eastern Time. The presentation will feature Michael L. Perica, CFO, and Dean Pohl, VP of Investor Relations. Participants can access the live webcast at this link, and it will be archived for 90 days. Rimini Street representatives will also hold one-on-one meetings during the conference. For details, contact the Investor Relations team.
Rimini Street (Nasdaq: RMNI) announced its inaugural RMNI LOVE™ Grant Program recipients, awarding $10,000 each to five nonprofit organizations in location value="LU/us.nv.lasveg"Las Vegas. The selected organizations include Baby’s Bounty, Cure 4 The Kids Foundation, Nevada Partnership for Homeless Youth, Three Square Food Bank, and True Beginnings. The initiative aims to support local charities that create significant community impacts, reflecting Rimini's commitment to contributing positively to the communities it serves.
Rimini Street reported Q1 2022 revenue of $97.9 million, a rise of 11.4% year-over-year, with a gross margin of 62.0%. Operating income rose to $5.9 million, and net income reached $3.1 million, compared to a loss of $3.6 million last year. The Revenue Retention Rate improved to 94%, and active clients increased by 13.1% year-over-year to 2,884. The company raised its revenue guidance for the full year to $402-$411 million.
Rimini Street (Nasdaq: RMNI) has secured a contract with SK Networks to provide third-party maintenance services for its Oracle DBMS. This partnership enables SK Networks to reinvest savings from annual maintenance into digital transformation initiatives. The agreement includes a primary support engineer with over 20 years of experience, ensuring rapid response times of 10 minutes for critical issues. Rimini Street aims to enhance client IT system performance while reducing costs and providing expert support.
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Rimini Street, Inc. (NASDAQ: RMNI), a global leader in enterprise software support services, will announce its Q1 2022 earnings on May 4, 2022, after market close. The company will hold a conference call at 5:00 p.m. Eastern to discuss the results and future outlook. Rimini Street has served over 4,400 organizations, including Fortune 500 companies, providing enhanced support for Oracle and SAP products while enabling cost savings and innovation.
Rimini Street (NASDAQ: RMNI) has partnered with Sajo Systems, a division of the Korean Sajo Group, to enhance support and maintenance for its SAP S/4HANA system. This collaboration aims to optimize IT operations, enabling Sajo Systems to focus on digital transformation and innovation amidst challenges posed by the COVID-19 crisis. Rimini Street's customized support services promise improved service quality and cost efficiencies for Sajo Systems, which anticipates faster resolution of support cases. The partnership aligns with Rimini Street's goal of achieving $1 billion in annual revenue by 2026.