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Rimini Street Reports Record First Quarter 2013 Results

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By Business Wirevia The Motley Fool

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Rimini Street Reports Record First Quarter 2013 Results


Quarterly Invoicing Surges Fifty-Seven Percent and Revenue Up More Than Thirty Percent

DENVER–(BUSINESS WIRE)– COLLABORATE 13 — Rimini Street, Inc., the leading third-party maintenance and support provider for enterprise software, including SAP AG (NYS: SAP) software and Oracle Corporation’s (NAS: ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database and Hyperion software, today announced results for its fiscal first quarter ended March 31, 2013. Highlights of the Company’s first quarter results include more than $91 million in new sales contracting activity, a nearly 50-percent increase over the year ago quarter. Rimini Street‘s fiscal first quarter results also include record highs in recognized revenue, deferred revenue, invoicing, sales contracting and sales bookings backlog.

First Quarter Results Demonstrate Strong and Accelerating Demand for Rimini Street Services

Rimini Street continued its fast-paced growth in the fiscal first quarter of 2013, closing deals in all application product lines and surpassing all sales targets.

Rimini Street achieved total invoicing of $16.9 million in the first quarter, a 57-percent increase over the year ago quarter and the most for any first quarter. The Company also recorded more than $13 million in recognized revenue, a 33-percent increase on a year-over-year basis, and a new company quarterly revenue record.

Sales bookings backlog increased from $445 million to nearly $632 million, a 41-percent increase on a year-over-year basis. Deferred revenue also increased nearly 60-percent to $47 million as of March 31, 2013 when compared on a year-over-year basis.

Rimini Street added two additional Fortune 500 clients amongst many other new client transactions in the first fiscal quarter. The Company has signed more than 600 total clients, including 71 of the Fortune 500 and 15 of the Global 100. The Company currently supports client operations in more than 70 countries, with the capability of supporting clients in nearly 200 countries. Rimini Street has 250 employees working in North America and subsidiaries in South America, Europe, South Asia and Asia-Pacific regions.

Other Notable Rimini Street Achievements in Q1 2013:
…read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Oracle Platinum Partner Perficient to Provide Insights on Oracle Applications and Technology at COLL

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By Business Wirevia The Motley Fool

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Oracle Platinum Partner Perficient to Provide Insights on Oracle Applications and Technology at COLLABORATE 13

ST. LOUIS–(BUSINESS WIRE)– Perficient, Inc. (NAS: PRFT) , a leading information technology consulting firm serving Global 2000 and other large enterprise customers throughout North America, today announced it will serve as a Two Star Elite sponsor and present on Oracle technologies and applications at Oracle’s COLLABORATE 13 conference. COLLABORATE 13, which takes place April 7 – 11 in Denver, joins together the Independent Oracle Users Group (IOUG), the Oracle Applications Users Group (OAUG) and the Quest International Users Group (Quest) to bring best practices and educate users of Oracle business applications.

Enterprise organizations are challenged with better managing their information and processes, delivering positive customer experiences, and engaging their people. As an Oracle Platinum Partner, Perficient has a strong and long-standing relationship with Oracle, and experience delivering Oracle technology solutions for its clients to help them address these business challenges.

“Perficient has a proven track record implementing successful Oracle enterprise performance management (EPM), business process management (BPM), enterprise resource planning (ERP), customer relationship management (CRM), business intelligence and SOA solutions designed to improve our clients’ business performance,” said Emil Fernandez, Perficient vice president of Oracle Applications. “COLLABORATE 13 is an excellent opportunity for the entire community – Oracle representatives, partners and customers – to network and gain a better understanding of the value Oracle solutions can bring to an enterprise. We’re particularly excited that the conference is in Denver this year, a market where Perficient has a long and substantial presence, and we’re pleased to share our client success stories and expertise during COLLABORATE 13.”

During COLLABORATE 13, Perficient Oracle experts will present three sessions exploring various Oracle technologies and applications, including EPM and Hyperion, CRM and Customer Experience (CX) solutions.

  • In the session “Case Study: Mid-Market Energy Company Uses HFM with Essbase for Seamless Reporting” Perficient Senior Project Manager Matt Hopkins will discuss how Carrizo Oil and Gas implemented Oracle’s Hyperion Financial Management and Essbase solutions to perform their financial close and external reporting process. The presentation will take place on Tuesday, April 9 from 8 – 9 a.m.
  • Perficient Oracle CX Director Brent Buck will present “Use Siebel CRM with OpenUI to Take your CRM Experience to the Next Level” on Tuesday, April 9 from 8 – 9 a.m. In this presentation, Buck will discuss how the new Siebel OpenUI improves …read more
    Source: FULL ARTICLE at DailyFinance