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 业绩会议实录总结:
Financial Performance:
金融业绩：
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年第三季度营业收入为10470万美元，同比下降2.6%。
第三季度毛利率为60.7%，较去年同期的62.7%有所下滑。
第三季度净亏损为4310万美元，大幅下降，此前一年每股稀释净利润为0.08美元。
第三季度调整后的EBITDA为1370万美元，占营业收入的13.1%，相比去年同期的17%有所下降。
Business Progress:
业务进展：
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与servicenow签署战略合作伙伴关系，以提供企业应用现代化和人工智能解决方案。
公司指出，按年增长了7.7%的账单，主要由于北美和亚太地区的改善。
专注于加强销售和营销策略，导致本季度完成了19个新客户销售交易，TCV超过一百万。
Opportunities:
机会：
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.
与servicenow的战略合作提供了一个机会，为客户提供一个统一的智能平台，为企业应用提供非中断性转型。
扩展的服务现在包括对威睿的支持，这可能打开新的营收渠道和客户参与。
Risks:
风险：
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.
与Oracle持续的诉讼及相关成本继续构成重大的财务风险。
决定逐步停止为Oracle PeopleSoft产品提供服务可能导致收入逐渐减少，影响整体的财务稳定性。
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：如需更全面的详情，请参阅投资人关系网站。本文仅供投资者参考，不作任何指引或建议。
译文内容由第三方软件翻译。
