Loading...
•
Dec 31, 2019
Rimini Street Q4 2019 Earnings Report
Achieved record fourth quarter and fiscal year revenue, exceeded management guidance, increased gross margin, and continued to improve the balance sheet with reduced debt and increased cash.
Key Takeaways
Rimini Street reported an 11.7% increase in Q4 revenue year-over-year, reaching $76.1 million. The company's active clients increased by 14.5% to 2,063. However, gross margin decreased to 60.2% compared to the previous year. The company is providing Q1 2020 revenue guidance to be in the range of $76 million to $78 million, and for full year 2020 revenue guidance to be in the range of $310 million to $320 million.
Q4 revenue increased by 11.7% year-over-year to $76.1 million.
Annualized Subscription Revenue increased by 11.4% year-over-year to approximately $302 million.
Active Clients increased by 14.5% year-over-year to 2,063.
Gross margin was 60.2% compared to 64.6% for the 2018 fourth quarter.
Forward Guidance
The Company is currently providing first quarter 2020 revenue guidance to be in the range of $76 million to $78 million, and for full year 2020 revenue guidance to be in the range of $310 million to $320 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...