LAS VEGAS–(BUSINESS WIRE)– Rimini Street, Inc., de toonaangevende onafhankelijke verlener van ondersteunende diensten voor Business Suite en BusinessObjects van SAP SE en Siebel, PeopleSoft, JD Edwards, E-Business Suite,Oracle Database, Oracle Middleware, Hyperion, Oracle Retail en Oracle Agile PLM van Oracle Corporation, heeft vandaag zijn voorlopige cijfers van het vierde kwartaal en het volledig boekjaar 2015 bekendgemaakt (beiden geëindigd op 31 december 2015).
Rimini Street zette zijn opwaartse trend voort in het vierde kwartaal en boekjaar 2015, met records in de omzet, naar jaarcijfers omgerekende abonneegelden, uitgestelde baten en het aantal klanten dat meerjarige, niet-opzegbare serviceabonnementen afsluiten. Het behoud van omzet bleef gelijk met eerdere kwartalen.
Rimini Street Announces Record Preliminary Fourth Quarter and Full Year 2015 Financial Results
LAS VEGAS–(BUSINESS WIRE)– Rimini Street, Inc., the leading independent provider of enterprise software support services for SAP SE’s (NYSE:SAP) Business Suite and BusinessObjectssoftware and Oracle Corporation’s (NYSE:ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database, Oracle Middleware, Hyperion, Oracle Retail and Oracle Agile PLMsoftware, today announced its preliminary financial results for the fourth quarter and full year ending December 31, 2015.
Record Revenue and 40 Consecutive Quarters of Growth
Rimini Street’s fourth quarter and full fiscal year 2015 results continued its uptrend in record revenue, annualized subscription revenue, deferred revenue, and number of clients electing multi-year, non-cancelable service periods. Revenue retention rates were consistent with prior quarters.
The fourth quarter of 2015 marked 40 consecutive quarters of growth. For the full fiscal year 2015, the Company completed 310 new client transactions worldwide, a 42% increase year over year, and increased total signed clients by 32% year over year to 1,270. The Company also completed 106 new client transactions in the fourth quarter, setting a new quarter record and surpassing the 100 new clients signed in a quarter milestone for the first time.
The above information is preliminary and subject to the completion of quarter-end and year-end financial processes and review.
Fiscal 2015 Achievements and Recent Highlights:
“Rimini Street executed well against its global business plan for the fourth quarter and full fiscal year 2015,” said Seth Ravin, Rimini Street CEO. “We continue to see strong, growing global demand for Rimini Street’s support services and solutions that can save clients up to 90 percent in operating costs over a decade. In 2016, Rimini Street plans to continue its aggressive investment in new markets, new services and expanded global sales and service capabilities, with a relentless, continued focus and commitment to deliver the best support value and service available in the marketplace. Rimini Street clients, which include more than 125 Fortune 500 and Fortune Global 100 companies, are continuing to drive innovation and business growth with the savings from their switch to Rimini Street support.”
About Rimini Street, Inc.
Rimini Street is the global leader in providing independent enterprise software support services. The company has redefined enterprise support services since 2005 with an innovative, award-winning program that enables Oracle and SAP licensees to save up to 90 percent on total support costs. Clients can remain on their current software release without any required upgrades for at least 15 years. Nearly 1,300 global, Fortune 500, midmarket, and public sector organizations from a broad range of industries have selected Rimini Street as their trusted, independent support provider. To learn more, please visit http://www.riministreet.com.
This press release may contain forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “plan,” “expect,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to risks and uncertainties, and are based on various assumptions. If the risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Rimini Street assumes no obligation to update any forward-looking statements or information, which speak only as of the date of this press release.
Rimini Street and the Rimini Street logo are trademarks of Rimini Street, Inc. All other company and product names may be trademarks.
1 Based on detailed Rimini Street customer ROI studies and financial analysis.
Rimini Street, Inc.