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Mar 31, 2021
Rimini Street Q1 2021 Earnings Report
Reported record revenue, strong billings growth, and a high gross margin.
Key Takeaways
Rimini Street announced fiscal first quarter 2021 financial results, featuring a 12.6% year-over-year revenue increase to $87.9 million, a gross margin of 61.5%, and a 24.2% increase in quarterly billings. The company also reported a record active client count of 2,550, up 22.8% year over year, and record cash of $153 million.
Revenue increased by 12.6% year over year, reaching $87.9 million.
Gross margin improved to 61.5%, up from 61.3% year over year.
Billings grew by 24.2% year over year, totaling $81.0 million.
Active client count increased by 22.8% year over year, reaching 2,550.
Forward Guidance
The Company is providing second quarter 2021 revenue guidance to be in the range of $88.5 million to $90.5 million. The Company is maintaining full year revenue guidance to be in the range of $370 million to $380 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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