Streetbeat News

RMNI

Rimini Street, Inc.

https://www.riministreet.com

Industry

Software - Application

Rimini Street, Inc. provides enterprise software products, services, and support for various industries. The company offers software support services for Oracle and SAP enterprise software products. It sells its solutions primarily through direct sales organizations in North America, Latin America, Europe, Africa, the Middle East, Asia, and the Asia-Pacific. Rimini Street, Inc. was incorporated in 2005 and is headquartered in Las Vegas, Nevada.

Open

3.90

Mkt cap

368M

Volume

353K

High

4.06

P/E Ratio

-10.07

52-wk high

4.08

Low

3.90

Div yield

N/A

52-wk low

1.53

Rimini Street, Inc. (NASDAQ:RMNI) has partnered with Standard Foods Corporation to provide Rimini Support™ for SAP, allowing the company to save costs and improve operational efficiency. This partnership will enable Standard Foods to focus on AI-powered predictive data analytics projects.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 1:15 pm

Rimini Street has been ordered to pay Oracle $58.5 million in attorneys' fees and costs by October 23, following a district court ruling. Rimini has filed a notice of appeal against this award.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 12:13 pm

Rimini Street received a letter from Nasdaq on September 5, indicating that the company no longer complies with Nasdaq's audit committee requirements, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 8:11 pm

Alliance Global Partners has downgraded Rimini Street (NASDAQ:RMNI) from Buy to Neutral, as per analyst Brian Kinstlinger.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 6:28 pm

Rimini Street shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:37 pm

Rimini Street (NASDAQ:RMNI) reported Q2 2024 GAAP EPS of $(0.01), missing the $0.04 estimate by 125%. Sales were $103.10M, missing the $105.44M estimate by 2.22% and down 3.12% from last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:35 pm

Ricoh Company, Ltd. has chosen Rimini Street, Inc. (NASDAQ:RMNI) to optimize and secure its Oracle EBS and Database instances. This move is part of Ricoh's strategy to explore new ERP solutions independent of Oracle.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 1:10 pm

Brazilian retailer Americanas has selected Rimini Street to manage its SAP landscape, including SAP ECC 6, S/4HANA, and RISE platforms. Rimini Street will provide operational efficiencies and competitive advantages for Americanas' extensive system landscape.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 1:04 pm

Sunway Group has chosen Rimini Street's software support and managed services to optimize IT resources and fund AI and customer experience projects. This move allows Sunway to reallocate resources towards digital transformation initiatives.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:07 pm

Pacific Healthcare has decided to use Rimini Street's support services for its Oracle software. This move is expected to help Pacific Healthcare reduce costs and improve efficiency.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 1:09 pm

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