Steven Hershkowitz
Mr. Steven Hershkowitz, Executive Vice President and Chief Revenue Officer of Rimini Street, Inc. (the “ Company ”), resigned his position effective 8 September 2026 to pursue another opportunity.
Highest-materiality recent filing
Revenue $111.1M, up 6.7% YoY; adjusted revenue $108.0M, up 10.0% YoY.
Rimini Street Q1 revenue up 1.2% to $105.5M; RPO up 16.4% to $643.6M; net income down to $1.4M
Revenue $105.5M (+1.2% YoY); subscription revenue $100.2M (95% of total).
Rimini Street Q4 rev down 3.9% to $109.8M; EPS $0.01; RPO record $652.9M
Revenue $109.8M (-3.9% YoY); subscription $104.9M (95.6% of total). Full year rev $421.5M (-1.7%).
Rimini Street Q3 net income $2.8M vs loss; RPO record $611.2M, revenue down 1.2%
Revenue $103.4M (-1.2% YoY; +2.5% ex-PeopleSoft wind-down).
GAAP net income $30.3M ($0.32 diluted EPS) vs net loss $1.1M in prior year; includes $37.9M from Oracle settlement received July 9.
Rimini Street settles Oracle Rimini II case; Oracle to return $37.8M in fees
Settlement resolves Rimini II litigation; no party admits liability.
Rimini Street gets $58.5M Oracle fee award vacated; court allows new motion later
District Court vacated its September 2024 order awarding Oracle $58.5M in Rimini II attorneys' fees and costs.
Net income $3.4M (diluted EPS $0.04) vs $1.3M ($0.01) a year ago; Adjusted EBITDA $15.3M vs $10.7M.
Rimini Street gets modified permanent injunction; Oracle Lanham Act claims cut to 4 statements
District Court entered Modified Permanent Injunction on April 23, 2025, implementing Ninth Circuit's mandate.
Q4 revenue $114.2M (+1.9% YoY); GAAP net income $6.7M ($0.07 EPS) vs $9.4M prior year period.
Ninth Circuit vacates most copyright infringement findings against Rimini Street in Oracle dispute
Vacated ruling that Rimini's software programs are derivative works based solely on interoperability with Oracle's products.
Revenue $104.7M, down 2.6% YoY; operating loss of $49.6M vs income of $11.2M.
Rimini Street ordered to pay Oracle $58.5M in Rimini II fees; appeals
District Court awarded Oracle $58.5M in attorneys' fees and costs; payment due by October 23, 2024.
Revenue $103.1M (-3.1% YoY); net loss $1.1M vs net income $4.3M YoY; diluted EPS ($0.01) vs $0.05 YoY.
Q1 revenue $106.7M (+1.2% YoY); net income $1.3M ($0.01 EPS) vs $5.6M ($0.06 EPS).
Rimini Street Q4 revenue $112.1M (+3.2%); net income $9.4M vs loss $5.3M YoY
Revenue $112.1M in Q4 (+3.2% vs $108.6M); FY revenue $431.5M (+5.3% vs $409.7M).
Rimini Street opposes Oracle's $70.6M Rimini II attorneys' fee motion
Oracle sought ~$70.6M in attorneys' fees and taxable costs in Rimini II litigation on Nov 6, 2023.
Rimini Street settles Oracle contempt proceedings for $9.7M payment
Paid $9.7M to Oracle on Dec 7, 2023 to resolve motion for attorneys' fees and costs related to contempt proceedings.
Oracle seeks $12.2M in attorneys' fees from Rimini Street in contempt proceeding
Oracle subsidiaries filed motion seeking ~$12.2M in attorneys' fees and costs for enforcing injunction.
Oracle seeks $70.6M in attorneys' fees in Rimini II litigation
Oracle filed a motion for $70.6 million in attorneys' fees and taxable costs on November 6, 2023.
Rimini Street Q3 revenue $107.5M (+5.4%), net income $6.8M vs loss year ago
Revenue $107.5M, up 5.4% YoY; subscription revenue $104.1M (96.9% of total).
Rimini Street Q2 revenue $106.4M (+5.2% YoY); net income jumps to $4.3M from $0.1M
Revenue $106.4M, up 5.2% YoY; subscription revenue 96.3% of total.
Rimini Street prevails on key legal points as Oracle withdraws all monetary claims in Rimini II
Oracle withdrew all monetary claims against Rimini Street and CEO Seth Ravin; non-jury trial on equitable claims ruled July 24, 2023.
Rimini Street Q1 revenue $105.5M (+7.8%); net income $5.6M (+82.7%); launches Rimini ONE
Revenue $105.5M (+7.8% YoY); net income $5.6M (+82.7%); diluted EPS $0.06 vs $0.03.
Mr. Steven Hershkowitz, Executive Vice President and Chief Revenue Officer of Rimini Street, Inc. (the “ Company ”), resigned his position effective 8 September 2026 to pursue another opportunity.
On August 8, 2026, the Board of Directors (the “ Board ”) of Rimini Street, Inc. (the “ Company ”) appointed Mr. Keith C. Costello, age 60, as its Executive Vice President and Chief Operating Officer, with such appointment to be effective as of August 17, 2026.
Effective May 19, 2025, in connection with a restructuring of the organization’s product management function, Mr. David Rowe, the former Chief Product Officer, Chief Marketing Officer & EVP, Global Transformation of Rimini Street, Inc. (the “ Company ”), transitioned into a redefined role as the Company’s Executive Vice President and Chief Marketing Officer.
Effective as of May 6, 2025, Rimini Street, Inc. (the “ Company ”) appointed Mr. Vijay Kumar, age 50, as its Chief Operating Officer.
On August 2, 2024, Ms. Katrinka McCallum, a member of the Board of Directors (the “ Board ”) of Rimini Street, Inc. (the “ Company ”), delivered her written resignation as a member of the Board effective as of August 2, 2024 to pursue other endeavors.
Effective January 15, 2024, Mr. Steven Salaets, the former Chief Information Officer & EVP, Global Shared Services of Rimini Street, Inc. (the “ Company ”), transitioned into a new role as the Company’s Executive Vice President, Special Projects, Office of the CEO.
On July 25, 2022, Ms. Margaret (Peggy) Taylor, a member of the Board of Directors (the “ Board ”) of Rimini Street, Inc. (the “ Company ”) since January 2014, delivered her written resignation, reflecting notice of her decision to retire as a member of the Board effective as of the conclusion of quarterly Board and Board committee meetings currently scheduled for August 2, 2022.
On June 10, 2022, Mr. Gerard Brossard delivered notice of his resignation as Chief Operating Officer of Rimini Street, Inc. (the “ Company ”) to be effective at 5:00 p.m., Pacific Time, on June 10, 2022 (the “ Resignation Date ”) to pursue other opportunities.
On September 10, 2021, the Board of Directors (the “Board”) of Rimini Street, Inc. (the “Company”) appointed Katrinka B. McCallum, effective October 1, 2021, to serve as a Class II director until the Company’s 2022 annual meeting of stockholders or until her successor is duly elected and qualified.
Max materiality 0.85 · Median 0.55 · Most common event earnings