Rimini Street Q2 revenue beats estimates on the back of international growth

Rimini Street

30/07/2026 21:12

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

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%

Result Drivers
CORE SUPPORT DEMAND - Co said strong demand for Rimini Support and broader enterprise services drove revenue growth
INTERNATIONAL GROWTH - International revenue rose 14.1% yr/yr, with new and expanded client agreements in multiple regions
AI AND INNOVATION SERVICES - Co cited increasing adoption of AI and innovation-focused offerings, including launch of Rimini Govern for AI

Company press release: ID:nBw7BTymGa

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"
Wall Street's median 12-month price target for Rimini Street Inc is $6.50, about 31.6% above its July 29 closing price of $4.94
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 7 three months ago

Reuters Recommended Reads
July 29 - Unisys Q2 revenue falls on ClearPath license renewals
July 28 - Manhattan Associates Q2 results beat on cloud demand
July 29 - PTC raises annual forecast on resilient software demand

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)