Rimini Street - RMNI STOCK NEWS

Rimini Street (Nasdaq: RMNI) reported strong financial results for Q4 and FY 2020, achieving a 15.4% increase in quarterly revenue to $87.8 million and a 16.3% growth for the year to $326.8 million. The company maintained a Revenue Retention Rate of over 90% and generated $42.1 million in operating cash flow, a 107% year-over-year improvement. With record cash of $87.6 million at year-end, Rimini continues to invest in leadership additions and innovative support solutions, targeting $1 billion in annual revenue by 2026.

Rimini Street (Nasdaq: RMNI) announces participation in the Virtual 33rd Annual Roth Conference, scheduled for March 15-17, 2021. The conference will feature one-on-one meetings with CEO Seth A. Ravin, CFO Michael L. Perica, and VP of Investor Relations Dean Pohl. Interested parties can arrange meetings through Roth salespeople or by contacting Rimini Street's investor relations at IR@riministreet.com. Rimini Street is a leading provider of enterprise software support and a partner for Salesforce.

More than 3,700 organizations globally rely on Rimini Street's services.

Rimini Street (Nasdaq: RMNI) has partnered with Poplar Co., Ltd., a national convenience store chain in Japan, to provide support for its SAP BusinessObjects and Sybase IQ Database software. This transition aims to enhance business continuity amidst pandemic challenges, reduce costs, and bolster digital initiatives for improved productivity. The deal offers Poplar a minimum of 15 years of support without mandatory upgrades. Rimini Street's responsive support includes quick response times to critical issues, thus enabling Poplar to focus on strategic business growth.

Rimini Street (Nasdaq: RMNI) has announced its approval as a supplier on the New Zealand Government Marketplace via a Collaborative Marketplace Agreement. This status allows government agencies greater ease in procuring Rimini Street's enterprise software support services for Oracle, SAP, and Salesforce, without lengthy negotiations. The new agreement could lead to substantial savings across all levels of New Zealand's government. Rimini Street already serves several agencies and aims to optimize IT spending while providing premium support with rapid response times and extended software support guarantees.

Rimini Street, Inc. (Nasdaq: RMNI), a prominent provider of enterprise software support, announced that Ampol Limited, Australia's top transport fuels provider, has transitioned to Rimini Street Support for its SAP ECC 6.0 and Business Objects applications. This switch has resulted in reduced annual support fees and allowed Ampol to defer costly migrations to SAP S/4HANA. The partnership aims to enhance efficiency and allocate savings towards strategic business initiatives. Rimini Street offers an impressive Service Level Agreement with quick response times, aiming to optimize operational costs for clients like Ampol.

Rimini Street, Inc. (Nasdaq: RMNI) announced it will report its earnings post-market on March 3, 2021, covering the fourth quarter and full year of 2020. A conference call and webcast will be hosted at 5:00 p.m. Eastern Time, enabling stakeholders to discuss results in detail. The company, a leader in third-party support for Oracle and SAP software products, has serviced over 3,700 organizations globally, delivering integrated application management and support services aimed at cost savings and enhanced business outcomes.

Rimini Street, Inc. (Nasdaq: RMNI) has secured a renewed support agreement with Nottinghamshire County Council (NCC) for its SAP ECC 6.0 and SAP Business Objects software. This partnership, first established in 2017, allows NCC to maintain essential services while significantly cutting maintenance costs. The council achieved a 56% budget cut and reduced staff without compromising critical functions like payroll. With Rimini Street’s expert support, NCC ensures its software systems remain operational for at least 15 years, thereby enhancing operational efficiency during challenging budget constraints.

Rimini Street, a leading provider of enterprise software products and services, announced that CEO Seth A. Ravin and CFO Michael L. Perica will meet with investors at the A.G.P. Virtual Emerging Growth Technology Conference on February 4, 2021. As a top third-party support provider for Oracle, SAP, and a Salesforce partner, Rimini Street delivers application management and support services, helping businesses reduce costs and enhance operational efficiency. The company serves over 3,700 organizations globally, including Fortune 500 companies.