Loading...
•
Jun 30, 2022
Rimini Street Q2 2022 Earnings Report
Announced second quarter 2022 financial results with revenue up 10.5% year over year.
Key Takeaways
Rimini Street reported record revenue of $101.2 million for the second quarter of 2022, a 10.5% increase compared to the same period last year. The company also achieved a record Revenue Retention Rate of 95% on subscription revenue and a gross margin greater than 63%.
Revenue was $101.2 million, up 10.5% year over year.
Gross margin was 63.1%, up from 62.2% year over year.
Active Clients at June 30, 2022, were 2,905, up 9.8% year over year.
Revenue Retention Rate was 95% for the trailing twelve months ended June 30, 2022.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company is guiding to a revenue range of $100.5 million to $102.5 million for the 2022 third quarter and maintaining full year 2022 revenue guidance to be in the range of $402 million to $411 million.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...