Rimini Street Inc (OQ:RMNI)
Business Focus: IT Services & Consulting
| Sector: Technology | Industry: IT Services & Consulting |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1700 S. PAVILION CENTER DR., SUITE 330 LAS VEGAS NV 89135 |
| Tel: | 1-925-5237636 |
| Website: | https://www.riministreet.com |
| IR: | See website |
| Key People | ||
| Seth A. Ravin Chairman of the Board, President, Chief Executive Officer | Michael L. Perica Chief Financial Officer, Executive Vice President | Nancy A. Lyskawa Executive Vice President, Chief Client Officer |
| Kevin Maddock Executive Vice President, Chief Recurring Revenue Officer | David Rowe Executive Vice President - Global Transformation, Chief Product Officer | Gertrude Van Horn Executive Vice President, Chief Information Officer |
| Business Overview |
| Rimini Street, Inc. is a global provider of enterprise software support products and services. The Company's subscription-based software support products and services offer enterprise software licensees a choice of solutions that replace or supplement the support products offered by enterprise software vendors. Its products and services seek to enable its clients to keep their systems operating and to remain in tax, legal and regulatory compliance; improve productivity; and allocate limited budgets, labor, and other resources to investments. Its software support products and service offerings cover a range of enterprise software vendors, product families and product lines. Its supported vendor or product category includes SAP Applications, SAP Databases, Oracle Applications, Oracle Technology, Oracle Databases, Microsoft Databases, IBM Databases, Open-Source Databases, Salesforce, and Other Software. The Company also offers a special support service, Rimini Street Extra Secure Support. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Rimini Street Inc revenues increased 5% to $431.5M. Net income totaled $26.1M vs. loss of $2.5M. Revenues reflect International segment increase of 9% to $211.5M, United States of America segment increase of 2% to $220M. Net Income reflects Professional fees and other costs of lit decrease of 73% to $7M (expense). |
| Employees: | 2,120 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $195.22M as of Dec 31, 2023 |
| Annual revenue (TTM): | $431.50M as of Dec 31, 2023 |
| EBITDA (TTM): | $56.43M as of Dec 31, 2023 |
| Net annual income (TTM): | $26.06M as of Dec 31, 2023 |
| Free cash flow (TTM): | $5.26M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 89,595,000 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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