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Mar 31, 2020
Rimini Street Q1 2020 Earnings Report
Achieved record quarterly revenue, matched the high-end of management guidance, and expanded sales capabilities.
Key Takeaways
Rimini Street reported a revenue of $78.0 million, up 18.5% year over year. The company generated $26.3 million of operating cash flow and net income for the quarter. They also expanded sales capabilities.
Revenue was $78.0 million, an increase of 18.5% year over year.
Active Clients were 2,077, an increase of 12.1% year over year.
Gross margin was 61.3% compared to 63.8% for the same period last year.
Net income was $2.5 million compared to $10.3 million for the same period last year.
Forward Guidance
The Company is currently providing second quarter 2020 revenue guidance to be in the range of $77 million to $80 million, and maintaining full year 2020 revenue guidance in the range of $310 million to $320 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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