Rimini Street Announces Fiscal First Quarter 2019 Financial Results
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Rimini Street, Inc. (RMNI) Tops Q1 EPS by 4c, Revenues Beat; Affirms Q2 Revenue Guidance Above Consensus, Offers FY19 Revenue Outlook
May 9, 2019 5:08 PM EDTRimini Street, Inc. (NASDAQ: RMNI) reported Q1 EPS of $0.07, $0.04 better than the analyst estimate of $0.03. Revenue for the quarter came in at $66.3 million versus the consensus estimate of $65.44 million.
First Quarter 2019 Financial Highlights
Revenue was $66.3 million for the 2019 first quarter, an increase of 11% compared to $59.8 million for the same period last year.Annualized Subscription Revenue was approximately $265 million for the 2019 first quarter, an increase of 11% compared to $239 million for the same period last year.Active Clients as of March 31, 2019 were 1,852, an increase of 17% compared to 1,581 Active Clients as of March 31,... More