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Jun 30, 2021
Rimini Street Q2 2021 Earnings Report
Achieved record revenue with strong year-over-year billings growth and increased gross margin and active client count.
Key Takeaways
Rimini Street announced strong Q2 2021 results, with revenue reaching $91.6 million, a 16.9% increase year-over-year. The company's billings grew by 44.4%, and the gross margin improved to over 62%. They also completed a $60 million buyback of Series A Preferred Stock and ended the quarter with over $110 million in cash.
Revenue increased by 16.9% year-over-year to $91.6 million.
Billings increased by 44.4% year-over-year to $107.3 million.
Gross margin increased to 62.2% from 61.2% year-over-year.
Active client count increased by 22.5% year-over-year, reaching 2,645.
Forward Guidance
The Company is providing third quarter 2021 revenue guidance to be in the range of $93.5 million to $95.5 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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