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Rimini Street Inc (RMNI) Reports Growth in Revenue and Net Income for Q4 and Full Year 2023 [Yahoo! Finance]

Rimini Street, Inc. (RMNI) 
Company Research Source: Yahoo! Finance
Annualized Recurring Revenue: Reached $432.3 million in Q4, a 2.9% increase from the previous year. Gross Margin: Slightly decreased to 61.0% in Q4 from 64.5% year-over-year. Operating Income: Improved significantly to $11.5 million in Q4 from an operating loss of $5.6 million in the prior year. Adjusted EBITDA: Increased to $21.3 million in Q4, up from $18.3 million year-over-year. Earnings Per Share: Basic and diluted earnings per share were $0.10 for Q4, a positive shift from a loss per share of $0.06 last year. Warning! GuruFocus has detected 5 Warning Signs with RMNI. Rimini Street Inc ( NASDAQ:RMNI ), a global provider of enterprise software support services, released its 8-K filing on February 28, 2024, detailing its financial performance for the fourth quarter and full fiscal year ended December 31, 2023. The company, known for its support for Oracle and SAP software products, as well as partnerships with Salesforce and AWS, has reported a year-over-year increase Show less Read more
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