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Rimini Street, Inc. (DE) - RMNI STOCK NEWS

Welcome to our dedicated page for Rimini Street (DE) news (Ticker: RMNI), a resource for investors and traders seeking the latest updates and insights on Rimini Street (DE) stock.

Rimini Street, Inc., established in 2005, is a pioneering independent provider of enterprise software support services. The company specializes in offering third-party support for Oracle and SAP enterprise software, significantly reducing annual support fees by 50% compared to traditional support programs. Rimini Street’s support services are not only cost-effective but also award-winning, making them a preferred choice for organizations looking to optimize their IT budgets without compromising service quality.

Rimini Street’s comprehensive support solutions enable clients to efficiently run, manage, support, customize, configure, connect, protect, monitor, and optimize their enterprise applications, databases, and technology software platforms. The company’s product portfolio includes support for Oracle E-Business Suite, Oracle Database, PeopleSoft, and SAP Business Suite, among others.

The company is widely recognized by clients and industry analysts such as Gartner, Forrester, and Nucleus for its leadership in a rapidly growing market. Rimini Street has an impressive client base nearing 1,000 clients, showcasing its accelerating growth and strong market presence. The company has also been acknowledged in various industry recognitions, including being named to CIO UK’s “20 Companies to Watch in 2012” hotlist.

With a solid value proposition that resonates with CIOs and CFOs, particularly in an environment of tight IT budgets and flat global economic growth, Rimini Street provides proven methods to cut costs while enhancing service levels. This unique positioning creates a significant market opportunity with tens of thousands of qualified target prospects.

Rimini Street’s financial health is bolstered by its growing client base and revenue streams, predominantly derived from the United States. The company continues to expand its market reach and enhance its service offerings, making it a formidable player in the enterprise software support industry.

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Rimini Street, Inc. (Nasdaq: RMNI) announced findings of the Tech Research Asia Survey Report, highlighting challenges and opportunities for IT leaders in their modernization journey. The survey reveals that most IT modernization programs are over budget and behind schedule, with only marginal improvements for the business.
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Rimini Street, Inc. (Nasdaq: RMNI) has announced that MYOB, a leading SaaS provider based in Australia, has selected Rimini ONE™ to streamline and enhance the support of one of its core platforms. This decision allows MYOB’s internal development team to focus on delivering more strategic outcomes for the company. MYOB is a business management platform that brings together key workflows for small and medium-sized enterprises, from finance and supply chain to employee and project management. The company’s ecosystem relies on CRM and ERP solutions that have been fundamental to its operations for decades. MYOB conducted an extensive market scan to find a partner to support these solutions and that could truly comprehend its unique needs. Rimini Street was chosen for its tailored, end-to-end support solutions that meet the unique needs of MYOB and enable them to achieve their business objectives with confidence.
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Rimini Street, Inc. (Nasdaq: RMNI) - Pacific Textiles Achieves Significant IT Budget Savings and Improved Uptime with Rimini Street Support
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Rimini Street, a global provider of enterprise software support, announced financial results for Q3 2023. Revenue was $107.5 million, up 5.4% YoY. U.S. revenue was $55.7 million, up 4.3% YoY. International revenue was $51.7 million, up 6.6% YoY. Annualized Recurring Revenue was $416.3 million, up 4.1% YoY. Subscription revenue accounted for 96.9% of total revenue. Operating income was $11.2 million, up from $2.0 million YoY. Net income was $6.8 million, compared to a net loss of $0.4 million YoY.
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IT leaders are considering a new support and services model, according to a survey by Rimini Street. The survey found that organizations are struggling with multiple vendor-based support and services models, which are inadequate in meeting their IT and business needs. The report highlights the challenges of managing multiple vendors, including a lack of accountability and expertise. It also emphasizes the importance of consolidating support and services into a single strategic partner to improve agility, control vulnerabilities, and achieve cost efficiency.
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Rimini Street announces support, managed, and consulting services for Salesforce ClickSoftware to extend the life and value of client deployments beyond the December 31, 2023 End-of-Life deadline.
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Rimini Street expands its Salesforce solutions with Rimini Consult for Salesforce
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Rimini Street to Report Q3 2023 Earnings on November 1, 2023
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Rimini Street to participate in three global Gartner IT Symposium/Xpo events in Orlando, Barcelona, and Tokyo
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Rimini Street earns Great Place to Work® Certification in India for the second time
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FAQ

What is the current stock price of Rimini Street (DE) (RMNI)?

The current stock price of Rimini Street (DE) (RMNI) is $2.52 as of December 20, 2024.

What is the market cap of Rimini Street (DE) (RMNI)?

The market cap of Rimini Street (DE) (RMNI) is approximately 225.5M.

What does Rimini Street, Inc. do?

Rimini Street, Inc. provides independent support for Oracle and SAP enterprise software, offering cost-effective and award-winning services.

When was Rimini Street, Inc. established?

Rimini Street, Inc. was established in 2005.

What are some products offered by Rimini Street, Inc.?

Some of the products include support for Oracle E-Business Suite, Oracle Database, PeopleSoft, and SAP Business Suite.

How much can clients save with Rimini Street's support services?

Clients can save up to 50% annually compared to traditional support from Oracle and SAP.

How many clients does Rimini Street, Inc. have?

Rimini Street, Inc. has nearly 1,000 clients.

What makes Rimini Street's support services unique?

Rimini Street offers award-winning support services that are cost-effective and recognized by leading industry analysts and financial experts.

Where does Rimini Street, Inc. derive most of its revenue?

The company derives most of its revenue from the United States.

Has Rimini Street, Inc. received any industry recognition?

Yes, it has been named to CIO UK’s “20 Companies to Watch in 2012” hotlist, among other recognitions.

What is the growth potential for Rimini Street, Inc.?

The company operates in a fast-growing market with a substantial number of target prospects, indicating significant growth potential.

What is the financial condition of Rimini Street, Inc.?

Rimini Street, Inc. is financially strong, supported by a growing client base and revenue streams.

Rimini Street, Inc. (DE)

Nasdaq:RMNI

RMNI Rankings

RMNI Stock Data

225.48M
47.71M
21.61%
66.95%
1.88%
Software - Application
Services-business Services, Nec
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United States of America
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