Rimini Street (RMNI) Stock News

Rimini Street (NASDAQ:RMNI), a leading third-party software support provider, reported its Q2 2025 financial results with mixed performance metrics. Revenue reached $104.1 million, up 1.0% year-over-year, with international revenue growing 6.4% to $55.0 million.

Key highlights include improved gross margin of 60.4% (vs 59.1% prior year), Adjusted EBITDA of $13.0 million (vs $8.8 million), and operating income of $41.2 million (vs $0.8 million loss). The company maintained 3,060 active clients, up 1.8% year-over-year, with a revenue retention rate of 90%.

Notable developments include receiving $37.9 million from Oracle settlement, reducing credit facility debt to $71.3 million, and announcing SAP support extension through 2040. The company also strengthened its leadership team with new COO and CIO appointments.

Rimini Street (NASDAQ:RMNI) has announced that The University of Melbourne, Australia's top-ranked higher learning institute, has selected its services for Oracle systems support. The university, which serves 55,000 students and 10,000 staff, has chosen Rimini Support™, Rimini Protect™, and Rimini Connect™ for its Oracle Database, EBS, and Hyperion systems.

The strategic partnership aims to eliminate costly frequent upgrades while maintaining support for over 300 customizations in the university's ERP systems. The move allows the university to redirect resources toward digital innovation and enhanced student experiences, addressing previous challenges with vendor support responsiveness and mandatory upgrade cycles.

The university has also implemented Rimini Connect™ for Email to ensure ongoing email server compatibility and enhanced security protocols, demonstrating a comprehensive approach to IT system management and innovation.

Rimini Street (Nasdaq: RMNI), a leading third-party software support provider for Oracle, SAP, and VMware, has scheduled its Second Quarter 2025 earnings release for July 31, 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 Q2 2025 results and provide outlook for 2025. Investors can access the live webcast through Rimini Street's Investor Relations site or dial in at 1-800-836-8184. A replay will be available for one year following the event.

OSG Corporation, a global leader in precision manufacturing, has extended its contract with Rimini Street (NASDAQ: RMNI) for Oracle EBS system support through 2029. The partnership has enabled OSG to achieve an 8% reduction in total IT operating costs, lowering their IT budget allocation for Oracle maintenance from 86% to 78%. OSG chose to maintain their on-premises Oracle EBS system rather than migrate to the cloud, citing cost considerations. The company leverages Rimini Street's support to pursue a hybrid approach, integrating new digital tools while maintaining core stability. The extension demonstrates OSG's satisfaction with Rimini Street's services, which include reducing annual software support fees by up to 50% and providing flexibility in IT roadmap decisions.

Rimini Street (NASDAQ: RMNI) has announced extended support coverage for all SAP ECC 6.0 and S/4HANA releases through 2040, offering SAP clients an alternative to mandatory S/4HANA on RISE migrations. The extension enables clients to maintain their current SAP systems while achieving up to 90% in total maintenance savings. Rimini Street, which has been supporting SAP for over 15 years, provides comprehensive support including customizations at no extra charge, dedicated Primary Support Engineers, and guaranteed SLA response times under 10 minutes for critical cases. The company currently serves hundreds of SAP clients and notes that approximately 20,000 SAP ECC licensees haven't licensed S/4HANA yet. This extension particularly benefits companies as SAP's Mainstream Maintenance for various versions is set to end between 2025 and 2027.

Rimini Street (NASDAQ: RMNI) has appointed Vijay Kumar as Executive Vice President and Chief Operating Officer. Kumar, a technology executive with over 25 years of experience, will lead product management, service strategy, and oversee Global Capability Centers. In his new role, he will focus on driving operational efficiency and portfolio innovation to boost profitability and accelerate revenue growth.

Prior to joining Rimini Street, Kumar served as Senior Vice President at Genesys Cloud for seven years, where he led global operations and customer success initiatives. His previous executive roles include positions at HP Software, Kony Inc., and Vignette. Kumar holds a Bachelor of Commerce degree and an MBA from Xavier School of Management, India, and will report directly to CEO Seth Ravin.

Rimini Street (NASDAQ: RMNI) has announced its appointment as a Dayforce (NYSE: DAY) Community Partner and launched Rimini Manage™ for Dayforce. The new service provides management and support for Dayforce's Human Capital Management cloud platform across 160 countries.

The offering includes services for HR, Payroll, Benefits, Workforce Management and Talent Management, featuring unlimited ticketing and industry-leading SLAs. Additionally, Rimini Street has launched Rimini Consult™ for Dayforce, offering strategic planning, advisory services, and technical support.

Over 200 Dayforce customers already use Rimini Street as their enterprise software service provider. The partnership aims to help organizations reduce operational costs while integrating Dayforce with various ERP systems including SAP, Oracle, Infor, and Microsoft.

Rimini Street (NASDAQ: RMNI), a leading provider of enterprise software support solutions, has announced its participation in three major investor conferences in May and June 2025. The company's CFO Michael L. Perica and VP of Treasury and Investor Relations Dean Pohl will represent RMNI at:

• Craig-Hallum 22nd Annual Institutional Investor Conference in Minneapolis on May 28
• TD Cowen 53rd Annual TMT Conference in New York City on May 29 (Fireside Chat at 1:15 PM ET)
• Roth 15th Annual London Conference from June 24-26

Investors can schedule one-on-one and small group meetings through their salespeople or by contacting Rimini Street's IR department directly at IR@riministreet.com.

Rimini Street (NASDAQ: RMNI) and ServiceNow have partnered with Apsen Farmacêutica, a Brazilian pharmaceutical manufacturer, to implement enterprise-wide workflow automation. Instead of migrating to SAP S/4HANA before SAP ECC 6's 2027 end-of-support, Apsen chose to layer ServiceNow over its existing SAP system.

The partnership has delivered significant results: 70% automation of previously manual processes, reduced development cycles from months to weeks, and decreased operational costs. The solution combines ServiceNow's Platform with Rimini Street's enterprise software support, promising up to 90% reduction in total support costs and a 15-year minimum software lifespan without required upgrades.

Apsen's strategic decision prioritizes business needs over technology, enabling continuous innovation while avoiding costly ERP migrations. The company plans to expand the solution to automate logistics, quality, and finance processes.