Rimini Street Inc (NAS:RMNI)
$ 3.5 +0.25 (+7.69%) Market Cap: 319.54 Mil Enterprise Value: 304.55 Mil PE Ratio: 0 PB Ratio: 0 GF Score: 67/100
Back to the Transcripts List

Q4 2024 Rimini Street Inc Earnings Call Transcript

Feb 27, 2025 / 10:00 PM GMT
Release Date Price: $3.05 (-5.57%)

Key Points

Positve
  • Rimini Street Inc (RMNI) achieved positive momentum in billings, new clients, and client renewals during the fourth quarter.
  • The company reported a 7.1% year-over-year improvement in quarterly billings, driven by strong performance in Latam, EEA, and Asia Pacific regions.
  • Rimini Street Inc (RMNI) has expanded its services to more software products, including new support for VMware, which has shown strong sales potential.
  • The company has implemented a new go-to-market strategy in the Americas, adopting the Hunter Farmer sales model to drive growth in both new and existing client sales.
  • Rimini Street Inc (RMNI) achieved a support client case satisfaction average rating over 4.9 out of 5.0, indicating strong client satisfaction.
Negative
  • Revenue for the full year 2024 decreased by 0.6%, and annualized recurring revenue saw a year-over-year decrease of 4.1%.
  • The company is facing ongoing litigation with Oracle, which has resulted in significant legal expenses, including a $58.5 million payment for Oracle's attorneys' fees.
  • Rimini Street Inc (RMNI) has suspended guidance on future financial results due to uncertainties related to litigation with Oracle.
  • Operating cash flow decreased by $38.8 million in 2024 compared to an increase in the previous year, partly due to litigation settlement expenses.
  • The company is reassessing its exit from the PeopleSoft business, which has seen a decline in revenue contribution.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RMNI.OQ - Rimini Street Inc
Q4 2024 Rimini Street Inc Earnings Call
Feb 27, 2025 / 10:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good afternoon, ladies and gentlemen, and welcome to the Rimini Street Q4 2024 earnings conference call. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question and answer session. If at any given time during this call you require immediate assistance, please press 0 for the operator. This call is being recorded today, Thursday, February 27, 2025. I would now like to turn the conference over to Dean Paul, Vice President, treasurer and investor relations. Please go ahead.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Thank you, operator.
Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2025 GuruFocus.com, LLC. All Rights Reserved.