Rimini Street Announces Fiscal Second Quarter 2020 Financial Results
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Rimini Street, Inc. (RMNI) Misses Q2 EPS by 14c, Revenues Beat; Raises FY20 Revenue Guidance
August 5, 2020 5:39 PM EDTRimini Street, Inc. (NASDAQ: RMNI) reported Q2 EPS of ($0.05), $0.14 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $78.4 million versus the consensus estimate of $77.8 million.
Second Quarter 2020 Financial Highlights
Revenue was $78.4 million for the 2020 second quarter, an increase of 12.2% compared to $69.9 million for the same period last year.Annualized Subscription Revenue was $311 million for the 2020 second quarter, an increase of 12.0% compared to $278 million for the same period last year.Active Clients as of June 30, 2020 were 2,159, an increase of 13.9% compared to 1,896 Active Clients as of June 30,... More