Rimini Street Announces Fiscal Third Quarter 2018 Financial Results

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Go back to Rimini Street Announces Fiscal Third Quarter 2018 Financial Results

Rimini Street, Inc. (RMNI) Reports Q3 Revenues Miss

November 8, 2018 4:47 PM EST

Rimini Street, Inc. (NASDAQ: RMNI) reported Q3 EPS of ($0.85), versus ($0.18) reported last year. Revenue for the quarter came in at $62.6 million versus the consensus estimate of $63 million.

During the third quarter, we continued our stated plan to invest in global sales, marketing and service delivery capacity and capabilities in order to drive future revenue growth, stated Seth A. Ravin, Rimini Street co-founder and CEO. We also launched new marketing campaigns and our new Business-Driven Roadmap sales strategy to address the large and growing market opportunity for enterprise software support. Additionally, we continued our global expansion and... More