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Posted by
Two Blokes Jun 12 -
Filed in
Stock
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Rimini Street is executing a strategic shift from a litigation-defined support vendor to a leaner, more diversified IT services firm, with partnerships like ServiceNow and Workday expanding its market relevance. Despite revenue contraction, the business is financially solid, posting strong gross margins (61%), growing operating cash flow ($33.7M in Q1), and maintaining over $120M in cash reserves. The Oracle litigation, once a major overhang, is materially de-risked, with no financial damages pending and only narrow legacy issues still in play—potentially clearing within the next 12 months.
