Rimini Street, Inc. (RMNI) Q3 2024 Earnings Call Transcript Summary
Rimini Street, Inc. (RMNI) Q3 2024 Earnings Call Transcript Summary
Net loss for Q3 was $43.1 million, significantly down from a net income of $0.08 per diluted share in the prior year.The following is a summary of the Rimini Street, Inc. (RMNI) Q3 2024 Earnings Call Transcript:
以下是Rimini Street, Inc. (RMNI) Q3 2024 業績會議實錄總結:
Financial Performance:
金融業績：
Q3 2024 revenue was $104.7 million, a decrease of 2.6% year-over-year.
Gross margin for Q3 was 60.7%, showing a decline from 62.7% in the same quarter last year.
Net loss for Q3 was $43.1 million, significantly down from a net income of $0.08 per diluted share in the prior year.
Adjusted EBITDA for Q3 was $13.7 million, representing 13.1% of revenue, compared to 17% in the year-ago quarter.
2024年第三季度營業收入爲10470萬美元，同比下降2.6%。
第三季度毛利率爲60.7%，較去年同期的62.7%有所下滑。
第三季度淨虧損爲4310萬美元，大幅下降，此前一年每股稀釋淨利潤爲0.08美元。
第三季度調整後的EBITDA爲1370萬美元，佔營業收入的13.1%，相比去年同期的17%有所下降。
Business Progress:
業務進展：
Rimini Street signed a strategic partnership with ServiceNow to deliver an enterprise application modernization and AI solution.
The company noted an increase in billings by 7.7% year-over-year, led by improvements in North America and Asia Pacific regions.
Focused on enhancing sales and marketing strategies which resulted in acquiring 19 new client sales transactions with TCV over one million during the quarter.
Rimini Street與servicenow簽署戰略合作伙伴關係，以提供企業應用現代化和人工智能解決方案。
公司指出，按年增長了7.7%的賬單，主要由於北美和亞太地區的改善。
專注於加強銷售和營銷策略，導致本季度完成了19個新客戶銷售交易，TCV超過一百萬。
Opportunities:
機會：
The strategic partnership with ServiceNow presents an opportunity to provide customers with a unified, intelligent platform, offering a non-disruptive transformation to enterprise applications.
The expanded service offerings now include support for VMware, which may open up new revenue streams and client engagements.
與servicenow的戰略合作提供了一個機會，爲客戶提供一個統一的智能平台，爲企業應用提供非中斷性轉型。
擴展的服務現在包括對威睿的支持，這可能打開新的營收渠道和客戶參與。
Risks:
風險：
The ongoing litigation with Oracle and the associated costs continue to pose a significant financial risk.
The decision to wind down services for Oracle PeopleSoft products may lead to a reduction in revenue over time, impacting overall financial stability.
與Oracle持續的訴訟及相關成本繼續構成重大的財務風險。
決定逐步停止爲Oracle PeopleSoft產品提供服務可能導致收入逐漸減少，影響整體的財務穩定性。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
