Rimini Street Announces Fiscal Fourth Quarter and Annual 2019 Financial Results
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Rimini Street, Inc. (RMNI) Misses Q4 EPS by 18c, Revenues Beat; Offers Q1 Revenue Guidance, FY20 Revenues Mid-Point Guidance Above Consensus
March 12, 2020 4:15 PM EDTRimini Street, Inc. (NASDAQ: RMNI) reported Q4 EPS of ($0.10), $0.18 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $76.1 million versus the consensus estimate of $72.04 million.
Fourth Quarter 2019 Financial Highlights
Revenue was $76.1 million for the 2019 fourth quarter, an increase of 11.7% compared to $68.1 million for the 2018 fourth quarter.Annualized Subscription Revenue was approximately $302 million for the 2019 fourth quarter, an increase of 11.4% compared to $271 million for the 2018 fourth quarter.Active Clients as of December 31, 2019 were 2,063, an increase of 14.5% compared to... More