Business
Rimini Street Announces Fiscal First Quarter 2026 Financial and Operating Results
First Quarter Financial Highlights Include: Remaining Performance Obligations (RPO) of $643.6 million, up 16.4% year over year Adjusted Calculated Billings
About this update from Rimini Street, Inc.
[{"type":"text","content":"\nFirst Quarter Financial Highlights Include:\nRemaining Performance Obligations (RPO) of $643.6 million, up 16.4% year over year\nAdjusted Calculated Billings of $92.2 million, up 22.9% year over year\nAdjusted Annualized Recurring Revenue (ARR) of $388.0 million, up 5.0% year over year\n\n\n LAS VEGAS--(BUSINESS WIRE)--\nRimini Street, Inc., (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, managed services and Agentic AI ERP innovation solutions, and the leading third-party support provider for Oracle, SAP and VMware software, today announced results for the fiscal first quarter ended March 31, 2026.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260430598629/en/Rimini Street Announces Fiscal First Quarter 2026 Financial and Operating Results\n“Our first quarter results reflect continued growth and accelerating momentum in our core Rimini Support™ business as organizations turn to the proven Rimini Smart Path™ to execute their global ERP and operational transaction processes faster, better and cheaper with more agility and speed to value – all within existing budgets,” said Seth Ravin, president and CEO, Rimini Street. “We help organizations avoid unnecessary, costly and risky ERP and other enterprise software upgrades, migrations and replatformings that often deliver low ROI and little competitive advantage. Instead, organizations can invest in the modernization of their existing systems by leveraging next generation Rimini Agentic AI ERP solutions that can be quickly and economically deployed over their current ERP and other enterprise software to deliver real competitive advantage.”\n\n\n“We delivered strong first quarter 2026 results that built on second half 2025 momentum, reflecting continued, growing market demand for our differentiated, proven support and innovation solutions,” said Michael Perica, CFO, Rimini Street. “We continued to make additional strategic investments in new AI and innovation offerings to drive growth and further streamlined global operations to provide leverage with scale. Looking ahead, we remain focused on profitable growth, disciplined cost management and a strong balance sheet and cash position. Capital allocation actions in the quarter included a $10 million debt prepayment that reduced outstanding de...