Rimini Street Announces Preliminary Fourth Quarter and Full Year 2014 Financial Results

Full Year Net Revenues of $86.7  Million, Up 42% Year Over Year

Full Year Annualized Subscription Revenues of $107.1 Million, Up 43% Year Over Year
Deferred Revenue of $82.8  Million, Up 41% Year Over Year
Full Year Revenue Retention Rate of 95%

LAS VEGAS, January 29, 2015 – Rimini Street, Inc., the leading independent provider of enterprise software support for SAP AG’s (NYSE: SAP) Business Suite and BusinessObjects software and Oracle Corporation’s (NYSE: ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database, Oracle Middleware, Hyperion and Oracle Retail software, today announced preliminary financial results for the fourth quarter and full year ended December 31, 2014.

Rimini Street’s fourth quarter and full fiscal year 2014 results included record highs in net revenues, annualized subscription revenues, deferred revenues, active clients and number of customers electing multi-year, non-cancelable service periods.

  • Net revenues for the fourth quarter 2014 were $25.4 million, an increase of 47% from the same quarter in 2013.
  • Net revenues for the full fiscal year 2014 were $86.7 million, an increase of 42% from fiscal year 2013.
  • Annualized subscription revenue as of December 31, 2014, was $107.1 million, an increase of 43% from December 31, 2013 and the first time annualized subscription revenue has surpassed $100 million.
  • Deferred revenue as of December 31, 2014, was $82.8 million, an increase of 41% from December 31, 2013.
  • Billings for the full fiscal year 2014 were $110.7 million, an increase of 39% from fiscal year 2013.

The above information is preliminary and subject to completion of quarter- and year-end financial reporting processes and review.

“The strong demand worldwide for Rimini Street independent maintenance and support is reflected in our fiscal fourth quarter and full-year 2014 numbers and growth,” said Seth Ravin, CEO, Rimini Street. “As we celebrate our 10-year anniversary in 2015 with nearly one thousand clients, including more than 100 of the Fortune 500 and Fortune Global 100 organizations, we remain laser-focused on helping clients achieve maximum value from their IT investments, while executing against our global business plan for growth and profitability.”

Fiscal 2014 and Recent Highlights:

  • Expanded footprint in EMEA and APAC regions, including a new Regional Headquarters facility in the UK and expanded service delivery capabilities in EMEA, the launch of local operations and expanded software support capabilities in Japan, and a new facility opening in Bengaluru and expanded facility in Hyderabad for Rimini Street Labs Operation
  • Expanded EMEA and APAC coverage with first signed clients in Finland and the Philippines
  • Launched support for several new products, including Oracle E-Business Suite Payroll support for the U.S. and UK, stand-alone support for Oracle Database and Middleware products, and Rimini Street Cloud Services with initial offerings of Cloud Support Packages for Salesforce.com and Workday products
  • Launched and expanded Rimini Street Technology Support Services and delivered its first set of products, including the Rimini Street COBOL Compiler® for PeopleSoft products and Rimini Street Smart Proxy Server® for browser compatibility
  • Extended guaranteed support availability for all software releases in use by clients to 15 years after contracting with Rimini Street for Oracle and SAP support
  • Awarded a place on the UK government’s Enterprise Application Support Services agreement (EASS) for the public sector
  • Achieved new milestone with more than 85,000 global tax, legal and regulatory updates delivered across more than 70 countries
  • Won Gold and Bronze Stevie® Awards in the 2014 International Business Awards for third consecutive year for outstanding customer service department, customer service team of the year and best website
  • Named by Inc. magazine for fourth consecutive year as one of the fastest-growing private companies in the U.S. with three-year revenue growth of 141 percent
  • Recognized once again by employees with a prestigious Bay Area “Top Workplace” award

關於Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI)是全球領先的企業軟體產品和服務提供者、甲骨文和SAP軟體產品協力廠商支援服務的主要供應商以及Salesforce合作夥伴。公司致力於提供優質、超快回應和整合式應用程式管理和支援服務，能夠讓企業軟體授權使用者節省大量的成本，釋放資源用於創新，並實現更好的業績。來自各行各業的近2,100家全球性組織、財星500大企業、財星全球百大公司、中型企業、公共事業部門和其他機構都選擇Rimini Street作為其信賴的應用企業軟體產品和服務提供者。如需詳情，請造訪https://www.riministreet.com，在Twitter上@riministreet關注我們，並透過Facebook和LinkedIn掌握Rimini Street的最新動態。

前瞻性陳述

本新聞稿中的某些聲明並非是歷史事實，而是《1995年私人證券訴訟改革法》安全港條款所定義的前瞻性陳述。前瞻性陳述通常含有以下詞彙：「可能」、「應」、「會」、「計畫」、「打算」、「預期」、「認為」、「估計」、「預測」、「潛在」、「似乎」、「尋求」、「繼續」、「未來」、「將」、「預計」、「展望」或其他類似詞彙、片語或表述。這些前瞻性陳述包括但不限於我們對未來事件、未來機會、全球擴張及其他成長動議和我們關於此等動議投資的預期的陳述。這些陳述根據不同的假設以及管理階層當前的預期，並非是對實際業績的預測，也不是歷史事實。這些陳述取決於與Rimini Street業務有關的多個風險和不確定性因素，而且實際結果可能會發生重大變化。這些風險和不確定性因素包括但不限於：COVID-19疫情的不明確持續時間和疫情對公司業務的經濟、營運和財務影響，以及政府當局、客戶或其他方面為防範COVID-19疫情所採取的措施；擾亂公司、公司現有或潛在客戶業務的災難性事件；Rimini Street營運業務環境的變化，包括通膨和利率以及影響Rimini Street所在產業的一般性金融、經濟、監管和政治條件；待決訴訟或政府調查或任何新訴訟的不利進展；以有利條款募集額外股本或進行債務融資的需要和能力，以及我們能否從營運中產生現金流，以幫助為我們成長計畫中增加的投資提供資金；我們的現金和現金等價物是否足以滿足我們的流動性要求；我們發行在外的13.00% A輪優先股的條款和影響；稅收、政府法律和法規的變化；競爭產品和定價活動；無法實現獲利性成長；客戶採用最近推出產品和服務的情況，包括 Application Management Services (AMS)、Rimini Street Advanced Database Security以及針對Salesforce Sales Cloud和Service Cloud 產品的服務以及我們預計將於近期推出的其他產品和服務；Rimini Street管理團隊損失一名或多名成員；RMNI股本證券長期價值存在不確定性；以及Rimini Street將於2020年5月7日呈報的Form 10-Q季報所列標題「風險因素」項下所討論的內容，Rimini Street未來的Form 10-K年報、Form 10-Q季報和Form 8-K現狀報告不時對此等內容的更新以及公司向美國證券交易委員會提交的其他文件。此外，前瞻性陳述僅代表本新聞稿發布之日Rimini Street的預期、計畫或對未來事件的預測和觀點。Rimini Street預計後續事件和發展將導致Rimini Street的評估發生變化。然而，儘管Rimini Street可能會在未來某個時間點選擇更新這些前瞻性陳述，但Rimini Street特別聲明，除法律規定之外，公司沒有這方面義務。這些前瞻性陳述不應被看作代表Rimini Street在本新聞稿發布之日後任何日期的觀點。

© 2020 Rimini Street, Inc.版權所有。Rimini Street是Rimini Street, Inc.在美國和其他國家的註冊商標，Rimini Street、Rimini Street標誌和兩者之間的任意組合以及其他含有TM標記的標誌均為Rimini Street, Inc.的商標。所有其他商標仍是其各自所有者的財產。除非另行說明，Rimini Street與此類商標所有者或本新聞稿中所提到的其他公司沒有任何從屬、代言或結盟關係。

投資人關係連絡窗口:

Dean Pohl

Rimini Street, Inc.

+1 925 523-7636 dpohl@riministreet.com
媒體關係連絡窗口:

Janet Ravin

Rimini Street, Inc.

+1 702-285-3532 pr@riministreet.com