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Dec 31, 2024
Rimini Street Q4 2024 Earnings Report
Rimini Street reported its financial and operating results for the fourth quarter and full fiscal year ended December 31, 2024.
Key Takeaways
Rimini Street announced a revenue of $114.2 million for the fourth quarter of 2024, an increase of 1.9% year-over-year. The company reported a net income of $6.7 million and basic and diluted earnings per share of $0.07. Gross margin improved to 63.7% from 61.0% in the prior year.
Revenue for Q4 2024 increased by 1.9% year-over-year to $114.2 million.
Gross margin improved to 63.7% in Q4 2024, up from 61.0% in the same period last year.
Operating income for Q4 2024 was $14.9 million, an increase from $11.5 million in the prior year.
Cash and short-term investments stood at $88.8 million as of December 31, 2024.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company is continuing to suspend guidance until there is more clarity around impacts from current litigation activity before the U.S. Federal courts in the Company's ongoing litigation with Oracle.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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