Rimini Street Inc

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%. » More on 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. » More on de.investing.com

Rimini Street reported Q1 2026 revenue of about $105.5 million, slightly above expectations, while adjusted EPS of $0.01 fell well short of forecasts. Upfront investments in the new "Agentic AI ERP" platform and lower-margin professional services pushed gross margin down to 59.0% and reduced adjusted EBITDA to $8.9 million. The company, however, saw strong billing growth (+20%), increased RPO, and reaffirmed its full-year guidance (revenue growth of 4–6%), and expects higher margins in the medium term as its AI offerings scale. » More on de.investing.com