Rimini Street Inc（RMNI）资讯与事件RMNIRimini Street Inc

Rimini Street Reduces Debt by $25.9M and Repurchases 970,566 Shares

Rimini Street announced additional, recent capital return and balance sheet optimization actions during the fiscal third quarter through August 28: The Company prepaid $5M of its term loan and has reduced term loan debt by a total of $25.9M fiscal year-to-date, reducing the outstanding balance to $43.4M. The Company repurchased 970,566 shares of its common stock at an average price of $5.16 per share for an aggregate cost of approximately $5M.

Rimini Street Appoints New COO and CDO

Rimini Street (RMNI) announced the appointment of Keith Costello as chief operating officer, COO, and Alexander Guasch as chief delivery officer, CDO. Costello previously served as president, enterprise applications, technology, consulting and engineering services at DXC Technology (DXC). Guasch formerly served in senior executive roles at HPE (HPE) and has held leadership positions at Effectual and Optiv.

Rimini Street Q2 Revenue Reaches $111.1M, Exceeds Expectations

Reports Q2 revenue $111.1M, consensus $106.8M. "Second-quarter results and four consecutive quarters of improved growth metrics demonstrate strong demand for our core Rimini Support(TM) offering, increasing adoption of our broader enterprise software services portfolio and improving sales execution," said Seth Ravin, president and CEO, Rimini Street. "Real innovation is not about installing a software vendor's next '.ai' release - it is about reducing total operating costs, improving profitability and enhancing competitive advantage. We help organizations achieve these goals by avoiding the costs and risks of unnecessary ERP Software upgrades and migrations and instead economically deploying Rimini Street's innovative Agentic AI ERP solutions 'over the top' of existing ERP Software to deliver faster, better, cheaper and more agile ERP process execution - funded within the current IT budget."