Rimini Street Announces Fiscal Second Quarter 2019 Financial Results
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Rimini Street, Inc. (RMNI) Misses Q2 EPS by 9c, Revenues Beat; Raises FY19 Revenue Outlook, Affirms Q3 Revenue Guidance
August 8, 2019 5:06 PM EDTRimini Street, Inc. (NASDAQ: RMNI) reported Q2 EPS of ($0.03), $0.09 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $68 million versus the consensus estimate of $66.58 million.
Second Quarter 2019 Financial Highlights
Revenue was $68.0 million for the 2019 second quarter, an increase of 8.5% compared to $62.6 million for the same period last year.Annualized Subscription Revenue was approximately $270 million for the 2019 second quarter, an increase of 10% compared to $246 million for the same period last year.Active Clients as of June 30, 2019 were 1,896, an increase of 17% compared to 1,622 Active Clients as of June 30,... More