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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, Inc. (Nasdaq: RMNI) conducted a survey of Oracle PeopleSoft licensees revealing that 97% find their current PeopleSoft releases meet business needs. Many users prefer to extend the lifespan of existing software rather than upgrade to newer versions, with 64% still using outdated releases. The high costs of Oracle's support, even for outdated versions, are noted, with 72% of respondents expressing dissatisfaction. The survey shows a trend towards cloud migration, with 87% evaluating or moving their applications to cloud platforms to reduce costs and enhance performance.
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