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Rimini Street says Q3 revenue up 17 percent

Rimini Street said it had 1,732 active enterprise software support clients at the end of its third quarter as revenue was up 17 percent from a year ago.

The company said it also paid down debt, hired key executives and invested in its sales capacity.

Rimini reported a third quarter net loss of $ 48.4 million, or 85 cents a share, on revenue of $ 62.6 million. The loss was largely due to a non-cash charge related to paying off debt. On a non-GAAP basis, Rimini repor…
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