Rimini Street Q2 Revenue Beats by 4%, International Sales Surge 14%
RMNI sits 71% above its 52-week low of $2.87.
Summary
Rimini Street delivered a strong Q2 with revenue of $111.08M, beating the $106.78M consensus by 4%. International revenue jumped 14.1% YoY, driving the beat, while adjusted revenue excluding PeopleSoft grew 10%. Net income fell to $2.4M from a year-ago quarter that included a litigation settlement benefit, but the core business momentum is clear. Management guided Q3 revenue to $110M-$112M and reiterated full-year 2026 growth of 4%-6% with adjusted EBITDA margins of 12.5%-15.5%. The stock trades near its 52-week high of $5.06, and the beat plus steady guidance supports the positive sentiment. Watch for sustained international growth and AI service adoption in the second half.
At the time of this announcement, RMNI was trading at $4.91 on NASDAQ in the Technology sector, with a market capitalization of approximately $454.5M. The 52-week trading range was $2.87 to $5.06. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.