Rimini Street Announces Fiscal Second Quarter 2018 Financial Results
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Rimini Street, Inc. (RMNI) Misses Q2 EPS by 36c; Offers FY18 Revenue Outlook Below Consensus
August 9, 2018 4:15 PM EDTRimini Street, Inc. (NASDAQ: RMNI) reported Q2 EPS of ($0.43), $0.36 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $62.6 million versus the consensus estimate of $60.64 million.
Revenue was $62.6 million for the second quarter of 2018, an increase of 20% compared to $52.0 million for the second quarter of 2017, and included approximately $1.2 million of non-subscription revenue recognized in the quarter.Annualized Subscription Revenue was approximately $246 million for the second quarter of 2018, an increase of 18% compared to $208 million in the second quarter of 2017.Active Clients as of June 30, 2018 were 1,622, an increase of 21%... More