LAS VEGAS–(BUSINESS WIRE)– Rimini Street, Inc., een mondiale provider van zakelijke softwareservices en de belangrijkste onafhankelijke verlener van ondersteunende diensten voor Oracle- en SAP-producten, heeft vandaag zijn tweedekwartaalcijfers van 2017 bekendgemaakt.
Het het op 30 juni 2017 geëindigde kwartaal was het 46ste kwartaal van opeenvolgende omzetgroei voor Rimini Street. De kwartaalomzet bedroeg 52 miljoen dollar, een groei ten opzichte van het vorige kwartaal van 37 procent. De naar jaarcijfers geëxtrapoleerde abonnementsinkomsten bedragen daarmee 208 miljoen dollar, 37 procent hoger op jaarbasis.
Rimini Street Announces Fiscal 2017 Q2 Financial Results
LAS VEGAS–(BUSINESS WIRE)– Rimini Street, Inc. (“Rimini Street” or the “Company”) a global provider of enterprise software products and services, and a leading independent support provider for Oracle and SAP products, today announced results for its fiscal 2017 Q2 ending June 30, 2017.
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Rimini Street Announces Fiscal 2017 Q2 Financial Results (Photo: Business Wire)
2017 Q2 Financial Highlights
Fiscal 2017 Q2 marked Rimini Street’s 46 th consecutive quarter of sequential revenue growth. Results included record quarterly revenue of $52 million, a quarterly increase of 37% year over year, and annualized subscription revenue of $208 million, up 37% year over year. Additional 2017 Q2 financial highlights include:
Rimini Street signed 100 new clients in the quarter and ended the quarter with over 1,330 active clients, an increase of 39% year over year, and increased its worldwide employee headcount by 17% year over year to a total of 909 professionals, as of June 30, 2017.
2017 Q2 Business Highlights
“Rimini Street continued to execute its global business plan with a relentless focus on delivering high quality, ultra-responsive support to its global clients, while expanding its product and service portfolio, growing its global workforce and delivery capabilities, and achieving record quarterly revenue with our 46 th consecutive quarter of revenue growth,” said Seth Ravin, Rimini Street CEO. “Following the completion of our signed merger agreement with GP Investments Acquisition Corp., we expect to further execute against our business plan with the increased global resources and capabilities we believe will result from a combination of the two companies.”
About Rimini Street, Inc.
Rimini Street is a global provider of enterprise software products and services, and the leading independent software support provider for Oracle and SAP products. The company has redefined enterprise software support services since 2005 with an innovative, award-winning program that enables licensees of IBM, Microsoft, Oracle, SAP and other enterprise software vendors to save up to 90 percent on total support costs. Clients can remain on their current software release without any required upgrades for a minimum of 15 years. Over 1,330 global Fortune 500, midmarket, public sector and other organizations from a broad range of industries currently rely on Rimini Street as their trusted, independent support provider. To learn more, please visit http://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn.
Certain statements included in this communication are not historical facts but are forward- looking statements within the meaning of the federal securities laws. These forward-looking statements include, but are not limited to, statements regarding the proposed transaction between GPIA and Rimini Street, including the anticipated future results and benefits to Rimini Street following the transaction, the expected timing of the closing of the transaction and the likelihood and ability of the parties to successfully consummate the proposed transaction. These statements are based on various assumptions and on the current expectations of Rimini Street management and are not predictions, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the inability of GPIA and Rimini Street to successfully or timely consummate the proposed transaction, including the risk that the required approvals are not obtained or that the approval of the stockholders of GPIA or the stockholders of Rimini Street for the transaction is not obtained; failure to realize the anticipated benefits of the transaction, including as a result of a delay in consummating the transaction or a delay or difficulty in integrating the businesses of GPIA and Rimini Street; and the inability to realize the expected amount and timing of cost savings and operating synergies resulting from the proposed transaction. There may be additional risks that Rimini Street does not presently know or that Rimini Street currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Rimini Street assumes no obligation to update any forward-looking statements or information, which speak only as of the date of this communication. 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.
© 2017 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.
Rimini Street, Inc.