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Rimini Street revenue climbs to US$326M


Rimini Street revenue climbs to US$326M
Rimini Street revenue climbs to US$326M
Says its on track to achieve strategic $1B revenue plan
Credit: Dreamstime
Third-party Oracle and SAP software support and services provider Rimini Street has revealed its revenue increased by 16.3 per cent to US$326.8 million for its full 2020 financial year ending 31 December. 
Adjusted earnings before tax were at US$42.6 million, up from US$22 million in 2019, while operating income fell from US$22.1 million to US$17.9 million. 
Rimini Street co-founder, CEO and chairman Seth Ravin said the company had continued to execute well against its strategic growth plan to achieve US$1 billion in annual revenue by 2026 during the fourth quarter.  ....

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