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-0.00125480153649171 -0.00125480153649171 -0.0038412291933419 -0.0038412291933419 0.0192061459667094 0.0192061459667094 0.0192061459667094 0.0192061459667094
Stock impact report

Rimini Street signals momentum in agentic AI ERP and expands strategic partnerships following Oracle litigation settlement [Seeking Alpha]

Rimini Street, Inc. (RMNI) 
Company Research Source: Seeking Alpha
CEO Seth Ravin emphasized continued refinement of Rimini Street's go-to-market strategy, focusing on the company's three core service pillars: support, optimize, and innovate, along with the SmartPath methodology. Ravin highlighted, "Rimini Street has staked out its position Quick Insights Management expects AI ERP and ServiceNow partnerships to fuel growth, broaden solution offerings, and serve as key operational momentum drivers, though material P&L impacts are anticipated later. With the Oracle litigation fully settled, management anticipates substantial cuts in litigation costs, improved cash flow, and stronger customer/partner engagement, though some wind-down costs will persist. Sales traction is seen in rising billings and RPO, with adjusted revenue up 2.5% excluding PeopleSoft. Profitability improved with net income turning positive, partially due to settlement proceeds. More Trending News Show less Read more
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