Rimini Street Reports Mixed Q1 2025 Earnings Results

Rimini Street reported mixed financial results for the first quarter of 2025, with revenue reaching $104.2 million, slightly exceeding market expectations despite a 2.4% year-over-year decline. The company saw its net income rise to $3.4 million and gross margin improve to 61.0%, while billings increased by 7.2% and active clients grew by 1.7% to 3,092. U.S. revenue declined by 6.9%, but international revenue increased by 2.2%. Rimini Street announced new client acquisitions and partnerships, including with Workday and T-Systems North America, and launched advanced security solutions for VMware. The company continues to withhold guidance due to ongoing litigation with Oracle, reflecting a cautious outlook despite recent operational achievements. Analyst sentiment is cautiously optimistic, with an average 'Outperform' rating and price targets suggesting potential upside, but some valuation models indicate possible downside risk.