Rimini Street Inc

Rimini Street has reinstated Steven Hershkowitz as executive vice president and chief revenue officer; he assumes the position, responsibilities and the compensation valid until his resignation (base salary $480,000, variable opportunity $320,000.16). Responsibilities and staff previously reporting to the CRO were transferred back from Keith Costello to Hershkowitz, while Costello’s employment terms as executive vice president and chief operating officer remain unchanged. Rimini Street also reported Q2 2026 revenue up 6.7% to $111.1 million, but missed adjusted earnings per share ($0.03 vs. $0.06 expected). » Mere på de.investing.com

Rimini Street presented a strategic realignment at its investor conference combining support with “Agentic AI” services for ERP systems to win new customers and increase retention. Management said the addressable market has grown from historically $15 billion to $80 billion and emphasized growth in optimization and innovation while support remains roughly 87–88% of revenue. In Q2, revenue excluding the winding-down PeopleSoft business rose 10% year‑on‑year, ARR grew 8%, the company reported $123 million in liquidity and $48 million in bank debt; for 2026 Rimini Street expects revenue growth of 4–6% and an adjusted EBITDA margin of 12.5–15.5%. » Mere på de.investing.com

Rimini Street appoints Keith Costello as chief operating officer; he will oversee product strategy, professional services sales and global operations. Alexander Guasch becomes chief delivery officer and will be responsible for the development and delivery of all products and services worldwide. Both bring many years of leadership experience from large IT and software services companies, says CEO Seth Ravin. » Mere på de.investing.com