Rimini Street Inc (NAS:RMNI)
$ 3.5 +0.25 (+7.69%) Market Cap: 319.54 Mil Enterprise Value: 327.38 Mil PE Ratio: 0 PB Ratio: 0 GF Score: 68/100
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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

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Presentation
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Unidentified_1 [1]
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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.

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Unidentified_2 [2]
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Thank you, operator.
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