LAS VEGAS -Tuesday 18 May 2021 [ AETOS Wire ]
Quarterly revenue of $87.9 million, up 12.6% year over year
Gross Margin of 61.5%, up from 61.3% year over year
Quarterly Billings of $81.0 million, up 24.2% year over year
2,550 active clients at March 31, 2021, up 22.8% year over year
(BUSINESS WIRE)-- Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced results for the first quarter ended March 31, 2021.
“For the first quarter, we remain on track to achieve our strategic growth plan to achieve $1 billion in annual revenue by 2026. We achieved record revenue of $87.9 million, up 12.6% year over year, a record active client count of 2,550, up 22.8% year over year, ended the quarter with strong billings growth of 24.2% and delivered a gross margin greater than 61%,
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