earnings
confidence high
sentiment positive
materiality 0.80
Rimini Street Q1 revenue $105.5M (+7.8%); net income $5.6M (+82.7%); launches Rimini ONE
Rimini Street, Inc.
2023-Q1 EPS reported
$0.06
revenue$105,512,000
- Revenue $105.5M (+7.8% YoY); net income $5.6M (+82.7%); diluted EPS $0.06 vs $0.03.
- Adjusted EBITDA $16.6M vs $12.9M; operating income $10.7M vs $5.9M.
- International revenue $52.1M (+14.1%) outpaced US $53.4M (+2.2%).
- Cash $135M down 14.6% YoY; debt reduced $10M to $77M; net cash $58M.
- Launched Rimini ONE turnkey outsourcing; signed over 100 clients.