Overview

* Enterprise software support firm Rimini Street's ( RMNI ) Q3 revenue decreased 1.2% yr/yr, missing analysts' expectations

* Net income for Q3 was $2.8 mln, compared to a net loss last year

* Company repurchased 0.9 mln shares for $3.8 mln during Q3 2025

Outlook

* Company plans to provide guidance at Analyst and Investor Day on December 3, 2025

Result Drivers

* PEOPLESOFT WIND DOWN - Revenue decline attributed to wind down of support services for Oracle's PeopleSoft products

* INTERNATIONAL GROWTH - International revenue increased 7.7%, driven by new client acquisitions and expansions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $103.43 $104 mln

Revenue mln (4

Analysts

)

Q3 Net $2.77

Income mln

Q3 Gross $61.94

Profit mln

Q3 $4.39

Operatin mln

g Income

Q3 $3.47

Pretax mln

Profit

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 ( RMNI ) is $6.50, about 29.4% above its October 29 closing price of $4.59

Press Release:

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(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.)