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Dec 31, 2021
Rimini Street Q4 2021 Earnings Report
Achieved record revenue exceeding guidance, margin expansion, strong revenue retention, and cash flow generation
Key Takeaways
Rimini Street announced Q4 2021 financial results with a revenue of $99.3 million, up 13.0% year-over-year. The company reported net income of $70.1 million for the quarter and record cash of $119.6 million at year end. They are also issuing guidance for the first quarter and full year 2022 revenue and affirming their continued commitment to the long-term goals of increasing operating cash flow and growing earnings per share.
Achieved a unique combination of record revenue exceeding guidance, margin expansion, strong revenue retention and cash flow generation
Produced another consecutive quarter of net income, further strengthened the balance sheet with record cash of $119.6 million at year end 2021 and announced a common stock repurchase plan of up to $15 million
Announced that the U.S. Patent Office granted the Company a new patent for Rimini Street Artificial Intelligence Support Applications, which reduced case resolution times by an average of 23%
Company achieved an average client satisfaction rating on the Company’s support delivery of 4.9 out of 5.0 and achieved an average 4.9 out of 5.0 for the Company’s client onboarding services
Forward Guidance
The Company is providing first quarter 2022 revenue guidance to be in the range of $95.0 million to $96.0 million and full year 2022 revenue guidance to be in the range of $400.0 million to $410.0 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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