Rimini Street to Report First Quarter 2021 Financial Results on May 10, 2021

Rhea-AI Summary

Rimini Street, Inc. (Nasdaq: RMNI) has rescheduled its financial results report for Q1 2021 from May 5 to May 10, 2021. The company will hold a conference call on May 10 at 5:00 p.m. Eastern time to discuss the results. Rimini Street is a leading third-party support provider for Oracle and SAP products, catering to over 4,000 organizations globally. The company provides integrated application management services, enabling significant cost savings for clients.

Positive

• Strong third-party support services for Oracle and SAP, appealing to over 4,000 organizations.
• Opportunity for cost savings and resource allocation for innovation.

Negative

• Rescheduling of financial results reporting could indicate potential internal discrepancies.
• Risks from competitive pressures and ongoing market conditions affecting business performance.

Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third party support provider for Oracle and SAP software products and a Salesforce partner, today announced that it has moved its previously-announced date for reporting financial results for the quarter ended March 31, 2021 from May 5, 2021, to May 10, 2021. Please refer to the Company’s Form 8-K filed with the SEC on April 30, 2021 for additional information about the reporting date change.

The Company will host a conference call and webcast after market close on May 10th to discuss the first quarter 2021 results at 5:00 p.m. Eastern / 2:00 p.m. Pacific time.

A live webcast of the event will be available on Rimini Street’s Investor Relations site at https://investors.riministreet.com/news-events/events. Dial-in participants can access the conference call by dialing (800) 773-2954 in the U.S. and Canada and entering the code 50137607. A replay of the webcast will be available for at least 90 days following the event.

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. To date, more than 4,000 Fortune 500, Fortune Global 100, midmarket, public sector and other organizations from a broad range of industries have relied on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit http://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn. (IR-RMNI)

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the actions of the holders of the Series A Preferred Stock and the terms and impact of Rimini Street’s remaining outstanding 13.00% Series A Preferred Stock; the duration of and economic, operational and financial impacts on Rimini Street’s business of the COVID-19 pandemic, as well as the actions taken by governmental authorities, clients or others in response to the COVID-19 pandemic; catastrophic events that disrupt Rimini Street’s business or that of its current and prospective clients, changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse developments in pending litigation or in the government inquiry or any new litigation; Rimini Street’s need and ability to raise additional equity or debt financing on favorable terms and Rimini Street’s ability to generate cash flows from operations to help fund increased investment in Rimini Street’s growth initiatives; the sufficiency of Rimini Street’s cash and cash equivalents to meet its liquidity requirements; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; customer adoption of Rimini Street’s recently introduced products and services, including its Application Management Services (AMS), Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products, in addition to other products and services Rimini Street expects to introduce in the near future; the loss of one or more members of Rimini Street’s management team; uncertainty as to the long-term value of Rimini Street’s equity securities; and those risks discussed under the heading “Risk Factors” in Rimini Street’s Annual Report on Form 10-K filed on March 3, 2021 and as updated from time to time by other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

©2021 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

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FAQ

When will Rimini Street report its Q1 2021 financial results?

Rimini Street will report its Q1 2021 financial results on May 10, 2021.

What is the significance of Rimini Street's Q1 2021 results announcement?

The announcement is crucial as it provides insights into the company's financial health and operational performance.

How can I access the Rimini Street Q1 2021 conference call?

The conference call can be accessed by dialing (800) 773-2954 in the U.S. and Canada, with the code 50137607.

What services does Rimini Street provide?

Rimini Street provides third-party support for Oracle and SAP software, along with integrated application management services.