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Mar 31, 2022
Rimini Street Q1 2022 Earnings Report
Reported record revenue and solid income statement and balance sheet results.
Key Takeaways
Rimini Street announced fiscal first quarter 2022 financial results with a revenue of $97.9 million, up 11.4% year over year. The company reported a gross margin of 62.0%, up from 61.5% year over year. They ended the quarter with more than $158 million in cash, driven by strong first quarter operating cash flow of $45.8 million.
Quarterly revenue of $97.9 million, up 11.4% year over year
Gross margin of 62.0%, up from 61.5% year over year
Quarterly Billings of $97.7 million, up 20.6% year over year
Operating Cash Flow of $45.8, up 87.2% year over year
Revenue by Geographic Location
Forward Guidance
The Company is guiding to a revenue range of $98.5 million to $99.5 million for the 2022 second quarter and we are raising full year 2022 revenue guidance to be in the range of $402 million to $411 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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