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Jun 30, 2020
Rimini Street Q2 2020 Earnings Report
Announced fiscal second quarter 2020 financial results with revenue up 12.2% year over year.
Key Takeaways
Rimini Street reported a revenue of $78.4 million, a 12.2% increase year-over-year. The company's gross margin was 61.2%. They had 2,159 active clients, up 13.9% year over year.
Achieved record quarterly revenue within guidance.
Delivered quarterly gross margin above guidance.
Maintained a revenue retention rate over 90 percent.
Generated $17.9 million of operating cash flow and strengthened the balance sheet with record total cash of $73.0 million at quarter end.
Forward Guidance
The Company is currently providing third quarter 2020 revenue guidance to be in the range of $78.5 million to $80.5 million. The Company is also raising the low-end of full year revenue guidance from $310 million to $314 million and currently providing full year 2020 revenue guidance to be in the range of $314 million to $320 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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