Rimini Street Q3 revenue down 2.6% to $104.7M; net loss of $43.1M; suspends guidance due to Oracle litigation

Rimini Street, Inc.

2024-Q3 EPS reported -$0.48 revenue$314,540,000

Revenue $104.7M, down 2.6% YoY; operating loss of $49.6M vs income of $11.2M.
Net loss per share $0.47; non-GAAP net income $19.9M, up from $12.1M.
Wind down of Oracle PeopleSoft services; PeopleSoft revenue ~8% of total (9 months).
Suspended business outlook due to ongoing Oracle litigation uncertainty.
Reorganization costs $1.4M in Q3; expects further costs in Q4.

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