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Dec 31, 2022
Rimini Street Q4 2022 Earnings Report
Announced fiscal fourth quarter and annual 2022 financial and operational results.
Key Takeaways
Rimini Street reported a revenue increase of 9.4% year-over-year, reaching $108.6 million for the fourth quarter of 2022. The company's active clients increased by 6.0% year-over-year, totaling 3,020. The gross margin was 64.5% for the quarter, and the revenue retention rate was 92%.
Quarterly revenue increased by 9.4% year-over-year to $108.6 million.
Active Clients increased by 6.0% year-over-year, totaling 3,020.
Gross margin was 64.5% for the quarter.
Revenue Retention Rate was 92%.
Forward Guidance
The Company is providing first quarter 2023 revenue guidance to be in the range of $101.0 million to $103.0 million, full year 2023 revenue guidance to be in the range of $420.0 million to $430.0 million and full year 2023 Adjusted EBITDA guidance to be in the range of $52 million to $58 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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