Rimini Q2 revenue up 36 percent as Oracle trial looms

Rimini Street continues to expand international and grow bookings and revenue. Oracle is hoping to derail that momentum.
Written by Larry Dignan, Contributor

Rimini Street, which will be going to trial vs. Oracle in September over third party maintenance, said its second quarter revenue was up 36 percent from a year ago to $27.8 million.

In addition, Rimini said its deferred revenue was $91.4 million, up 49 percent from a year ago.

Rimini added that it had 1,080 signed support customers. The second quarter tally also includes the largest Oracle deal Rimini has signed with $6.5 million in fees in the first year.

The results come at an interesting time for Rimini. The quarter captures the last one before the Oracle trial. The ongoing legal scrum between Rimini and Oracle hasn't slowed down the former.

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Should Rimini win in the trial, the floodgates would likely open for the company as well as a bevy of clones that would emerge.

Rimini CEO Seth Ravin said in a statement:

Strong and growing worldwide demand for Rimini Street's Oracle and SAP support services has not only fueled North American sales growth, but higher-than-planned international sales has required us to accelerate international expansion to meet that demand.
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