Rimini Street, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 07:06 am EDT
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Rimini Street, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 107.45 million compared to USD 101.93 million a year ago. Net income was USD 6.8 million compared to net loss of USD 0.405 million a year ago. Basic earnings per share from continuing operations was USD 0.08. Diluted earnings per share from continuing operations was USD 0.08.
For the nine months, sales was USD 319.39 million compared to USD 301.04 million a year ago. Net income was USD 16.71 million compared to USD 2.79 million a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.19 compared to USD 0.03 a year ago.
Rimini Street, Inc. is a global provider of enterprise software support products and services. The Company's subscription-based software support products and services offer enterprise software licensees a choice of solutions that replace or supplement the support products offered by enterprise software vendors. Its products and services seek to enable its clients to keep their systems operating and to remain in tax, legal and regulatory compliance; improve productivity; and allocate limited budgets, labor, and other resources to investments. Its software support products and service offerings cover a range of enterprise software vendors, product families and product lines. Its supported vendor or product category includes SAP Applications, SAP Databases, Oracle Applications, Oracle Technology, Oracle Databases, Microsoft Databases, IBM Databases, Open-Source Databases, Salesforce, and Other Software. The Company also offers a special support service, Rimini Street Extra Secure Support.