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Mar 31, 2024
Rimini Street Q1 2024 Earnings Report
Rimini Street announced first quarter 2024 financial results, with revenue increasing slightly and active clients growing modestly.
Key Takeaways
Rimini Street reported a slight increase in revenue for Q1 2024, with a modest rise in active clients. However, the company experienced a decrease in operating income and net income compared to the same period last year.
Revenue increased by 1.2% year-over-year to $106.7 million.
Active Clients increased by 1.1% year-over-year to 3,040.
Operating income decreased to $3.4 million, compared to $10.7 million in the same period last year.
Net income decreased to $1.3 million, compared to $5.6 million in the same period last year.
Revenue by Geographic Location
Forward Guidance
The Company is continuing to suspend guidance until there is more clarity around impacts from current litigation activity before the U.S. Federal courts in the Company’s ongoing litigation with Oracle.
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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