Rimini Street Q2 revenue $106.4M (+5.2% YoY); net income jumps to $4.3M from $0.1M

Rimini Street, Inc.

2023-Q2 EPS reported $0.11 revenue$211,933,000

Revenue $106.4M, up 5.2% YoY; subscription revenue 96.3% of total.
Net income $4.3M ($0.05 diluted EPS) vs $0.1M ($0.00) prior year; operating income $10.3M.
International revenue $52.4M, up 10.9% YoY; North America posted record Q2 sales invoicing.
Adjusted EBITDA $15.8M vs $11.0M last year; cash and short-term investments $140.7M.
Repurchased $1.0M of common stock at avg price $4.09 per share.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Rimini Street, Inc. reported the second quarter ended June 30, 2023 results: revenue $106.4 million, net income $4.3 million, EPS $0.05.

Period: the second quarter ended June 30, 2023
Revenue: $106.4 million
Net income: $4.3 million
EPS: $0.05
Result: reported results

Exact text from the filing

Rimini Street Announces Fiscal Second Quarter 2023 Financial and Operating Results Second Quarter Financial Highlights Include: Revenue of $106.4 million, up 5.2% year over year Gross margin of 63.0% compared to 63.1% in the prior year Net income of $4.3 million, compared to $0.1 million in the prior year

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Rimini Street, Inc. filing history →

Source: SEC EDGAR

accession 0001635282-23-000176

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