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Dec 31, 2020
Rimini Street Q4 2020 Earnings Report
Rimini Street's Q4 2020 results were announced, showing revenue growth and increased profitability.
Key Takeaways
Rimini Street announced strong Q4 2020 results with a 15.4% increase in revenue year-over-year, reaching $87.8 million. The company also achieved net income of $3.7 million, a significant improvement from the net loss in the same period last year. The company highlighted its execution against its strategic growth plan and investments in support solutions.
Revenue increased by 15.4% year-over-year to $87.8 million.
Annual Recurring Revenue increased by 15.4% year-over-year to $349 million.
Active clients increased by 20.6% year-over-year to 2,487.
Net income was $3.7 million, compared to a net loss of $(0.2) million in the same period last year.
Forward Guidance
The Company is providing first quarter 2021 revenue guidance to be in the range of $87.5 million to $88.5 million and full year 2021 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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