Rimini Street, Inc. (RMNI) Misses Q4 EPS by 12c, Offers Guidance
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Rimini Street Announces Fiscal Fourth Quarter and Annual 2022 Financial and Operational Results
March 1, 2023 4:05 PM EST
Financial Highlights Include:
Quarterly revenue of $108.6 million, up 9.4% year over year
Fiscal year revenue of $409.7 million, up 9.4% year over year
Quarterly Billings of $160.4 million, up 2.9% year over year
Fiscal year Billings of $409.3 million, down 2.0% year over year
Quarterly gross margin of 64.5% compared to prior year of 65.1%
Fiscal year gross margin of 62.8% compared to prior year of 63.6%
3,020 Active Clients at December 31, 2022, up 6.0% year over year
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