Rimini Street Q2 revenue beats estimates on the back of international growth
RMNI•Outlook
- Rimini Street expects Q3 2026 revenue between $110 mln and $112 mln
- Company reiterates full-year 2026 outlook for revenue growth of 4% to 6%
- Rimini Street sees full-year 2026 adjusted EBITDA margin of 12.5% to 15.5%
Overview
- Enterprise software support firm's fiscal Q2 revenue rose 6.7%, beating analyst expectations
- Adjusted revenue excluding PeopleSoft rose 10% yr/yr
- Net income and adjusted EBITDA declined due to prior-year litigation settlement benefit
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $111.08 mln | $106.78 mln (5 Analysts) |
| Q2 Net Income | $2.40 mln | ||
| Q2 Gross Profit | $67.70 mln | ||
| Q2 Operating Income | $6.37 mln | ||
| Q2 Pretax Profit | $4.96 mln |
Analyst coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the IT services & consulting peer group is "buy"
