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Sep 30, 2021
Rimini Street Q3 2021 Earnings Report
Achieved record revenue and solid income statement and balance sheet results.
Key Takeaways
Rimini Street announced record Q3 revenue of $95.6 million, up 15.9% year over year, with a gross margin of 65.1%. The company also reported a Revenue Retention Rate of 93% and ended the quarter with over $103 million in cash.
Revenue was $95.6 million, an increase of 15.9% year over year.
Gross margin was 65.1%, compared to 61.2% for the same period last year.
Active Clients were 2,793, an increase of 18.1% year over year.
Revenue Retention Rate was 93% for the trailing 12 months ended September 30, 2021.
Revenue by Geographic Location
Forward Guidance
The Company is guiding to a revenue range of $95.8 million to $96.8 million for the 2021 fourth quarter and narrowing its full year 2021 revenue guidance from $370 million to $380 million to be in the range of $371 million to $372 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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