Rimini Street Stock Price, News & Analysis

Rimini Street (NASDAQ: RMNI) reported its Q1 2025 financial results, showing mixed performance. The company's revenue decreased 2.4% to $104.2 million, while net income increased to $3.4 million from $1.3 million year-over-year. Key metrics include improved gross margin of 61.0%, billings growth of 7.2% to $79.4 million, and Adjusted EBITDA of $15.3 million, up from $10.7 million. The company's active client base grew 1.7% to 3,092, though revenue retention rate slightly declined to 88%. Notable partnerships were established with Workday and T-Systems North America. The company has suspended guidance due to ongoing litigation with Oracle. International revenue showed modest growth of 2.2%, while U.S. revenue declined 6.9%.

Merlin Cyber and Rimini Street have announced a strategic partnership to help the U.S. Government reduce IT costs and modernize enterprise software systems. The collaboration combines Merlin Cyber's expertise in federal enterprise license agreements with Rimini Street's enterprise software support solutions.

The partnership aims to deliver cost-effective support and managed services across federal, state, and local agencies. Key benefits include:

• Reduction in enterprise software operating costs
• Extension of existing ERP applications lifetime by up to 15 years
• Integration of AI and automation capabilities
• 24/7/365 support with 10-minute response times for critical cases

The partnership has already completed its first joint transaction, providing IT cost relief and enhanced enterprise software support to one of America's largest cities. Rimini Street maintains a 4.9/5.0 client satisfaction rating for support cases.

Rimini Street (Nasdaq: RMNI) announced that the Mobile Learning Unit (MLU) at the University of Melbourne has chosen Rimini Manage™ and Rimini Consult™ for Salesforce to enhance its eLearning platform. The MLU's platform, which relies on Salesforce as its core system, provides comprehensive learning solutions including course creation, instructional design, and learner support.

Pat Violo, program office manager at MLU, emphasized that Salesforce is important for their operations, managing student access and support issues. The selection of Rimini Street, a certified Salesforce MSP Partner and Consulting Partner, was based on their proven track record in supporting mission-critical systems. The partnership aims to stabilize MLU's systems and expand their course offerings and LMS solutions.

Waratek has named Rimini Street (Nasdaq: RMNI) as its exclusive Pinnacle Partner, marking a seven-year strategic partnership milestone. As the premier global implementer and support provider of Waratek's solutions, Rimini Street has gained exclusive expertise in developing custom rules for Waratek's runtime application security engine.

The partnership leverages Rimini Street's extensive experience in implementing and securing enterprise software across thousands of applications globally. Their team of over 75 full-time security professionals provides protection for Java SE 5-based applications, which despite launching in 2004, remain in use today. The collaboration has enabled continuous innovation in enterprise software security through Rimini Street's Rimini Protect™ and Rimini Watch™ solutions.

Rimini Street (Nasdaq: RMNI) has appointed Joe Locandro as Executive Vice President and Chief Information Officer to lead the company's global IT operations and enterprise systems strategy. Locandro brings over 25 years of international leadership experience across energy, aviation, utilities, construction, and entertainment sectors.

Prior to joining Rimini Street, Locandro served as CIO of Fletcher Building in New Zealand. His previous roles included executive technology positions at BP, Cathay Pacific, CLP, Emirates, Energy Australia, and Village Roadshow. As a former Rimini Street client, Locandro will focus on enhancing global IT systems, infrastructure, and cybersecurity operations to support the company's growing client base.

Based in Rimini Street's APAC region and reporting directly to CEO Seth Ravin, Locandro holds degrees from the University of Melbourne and Monash University, with executive studies at Stanford University's Graduate School of Business.

Rimini Street (Nasdaq: RMNI), the leading third-party support provider for Oracle, SAP and VMware software, has scheduled its first quarter 2025 earnings release for May 1, 2025, after market close. The company will host a conference call and webcast at 5:00 p.m. Eastern / 2:00 p.m. Pacific time to discuss Q1 2025 results and provide outlook for 2025.

Investors can access the live webcast through Rimini Street's Investor Relations site, with dial-in participation available at 1-800-836-8184. A replay of the webcast will remain accessible for one year following the event.

Rimini Street (Nasdaq: RMNI) has received multiple prestigious awards recognizing its excellence in customer service and AI innovation. The company won two Stevie Awards: a Silver Stevie for Front-Line Customer Service Team of the Year in Technology Industries and a Bronze Stevie for Best Customer Satisfaction Strategy.

The Global Service Delivery team was acknowledged for delivering extraordinary service, handling over 8,500 milestone updates monthly with a remarkable 4.9/5.0 client satisfaction rating. The company's Executive Sponsor Program, managed by the Global Client Engagement team, was also recognized for aligning senior leadership with key clients.

Additionally, Rimini Street received the Business Intelligence Group's 2025 Best AI-based Customer Service Solution award for its AI-enhanced enterprise software support, which has reduced resolution times by 23% through intelligent case assignment and proactive anomaly detection.

Rimini Street (NASDAQ: RMNI) has announced its entry as a Workday Application Management Services (AMS) Partner, launching Rimini Manage™ for Workday services with immediate availability. The service will support Workday Financial Management, Human Capital Management (HCM), and Adaptive Planning solutions.

The new offering leverages Rimini Street's global service delivery model, featuring 24/7/365 support with engineers across 20+ countries. The service aims to help organizations streamline Workday operations, address staffing challenges, and improve business outcomes while enabling IT teams to focus on strategic initiatives like enterprise AI and automation.

According to Valoir analyst Rebecca Wettemann, this partnership addresses the critical challenge of recruiting and maintaining Workday support staff. Workday's Group VP of Global Partner Sales, Rogerio Almeida, highlighted that Rimini Street's expertise will help customers optimize their Workday environments and achieve greater efficiency.

Rimini Street (Nasdaq: RMNI), a leading third-party software support provider for Oracle, SAP and VMware, has achieved multiple consecutive Great Place to Work® certifications across multiple regions including Israel, Japan, Singapore, UK and USA. The company's CEO, Seth Ravin, was also awarded Best Workplaces™ Korea's Most Respected CEO award.

Employee surveys revealed exceptional satisfaction rates: 100% of Singapore and UK employees felt welcome upon joining, while 98% in Japan and 96% in Israel reported fair treatment regardless of age. Gender equality scored highly with 100% in Singapore and 98% in Japan, while racial fairness reached 96% in Israel and Japan.

Additional survey highlights showed 95% of UK employees having open conversations with management, 92% of USA staff feeling positive about community contributions, and 91% satisfied with time-off flexibility.