Rimini Street, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 02, 2023 at 06:50 am EDT
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Rimini Street, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 106.42 million compared to USD 101.2 million a year ago. Net income was USD 4.27 million compared to USD 0.11 million a year ago. Basic earnings per share from continuing operations was USD 0.05. Diluted earnings per share from continuing operations was USD 0.05.
For the six months, sales was USD 211.93 million compared to USD 199.11 million a year ago. Net income was USD 9.91 million compared to USD 3.2 million a year ago. Basic earnings per share from continuing operations was USD 0.11 compared to USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.11 compared to USD 0.04 a year ago.
Rimini Street, Inc. is a global provider of enterprise software support products and services. The Company's subscription-based software support products and services offer enterprise software licensees a choice of solutions that replace or supplement the support products offered by enterprise software vendors. Its products and services seek to enable its clients to keep their systems operating and to remain in tax, legal and regulatory compliance; improve productivity; and allocate limited budgets, labor, and other resources to investments. Its software support products and service offerings cover a range of enterprise software vendors, product families and product lines. Its supported vendor or product category includes SAP Applications, SAP Databases, Oracle Applications, Oracle Technology, Oracle Databases, Microsoft Databases, IBM Databases, Open-Source Databases, Salesforce, and Other Software. The Company also offers a special support service, Rimini Street Extra Secure Support.
RIMINI STREET, INC. 
