Rimini Street, Inc. (RMNI) Misses Q4 EPS by 18c, Revenues Beat; Offers Q1 Revenue Guidance, FY20 Revenues Mid-Point Guidance Above Consensus

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Go back to Rimini Street, Inc. (RMNI) Misses Q4 EPS by 18c, Revenues Beat; Offers Q1 Revenue Guidance, FY20 Revenues Mid-Point Guidance Above Consensus

Rimini Street Announces Fiscal Fourth Quarter and Annual 2019 Financial Results

March 12, 2020 4:10 PM EDT

Quarterly revenue of $76.1 million, up 11.7% year over year

Fiscal year revenue of $281.1 million, up 10.9% year over year

Fiscal year gross margin of 62.6%, up from 62.1% in 2018

2,063 active clients at December 31, 2019, up 14.5% year over year

Note: During the fourth quarter of fiscal 2019, we adopted ASU No. 2014-09, Revenue from Contracts with Customers (ASC 606), using the full retrospective method, effective as of January 1, 2017. The financial statements and guidance provided in this press release reflects the impact of adopting ASC... More