Rimini Street Surpasses Q3 2026 Earnings Projections with Record Sales and Continued Growth
Rimini Street, the global provider of enterprise software solutions, has announced its third quarter earnings for fiscal year 2026, exceeding expectations and solidifying its position as a leader in the IT services market. In a conference call on October 29, 2026, company executives revealed strong demand for their SAP software services, new partnerships, and expanded sales leverage.
Notably, Rimini Street achieved record third-quarter sales of services for SAP software, reflecting its growing reputation as a trusted provider of enterprise solutions. The company's leadership team attributed this success to continued strong demand from clients across various industries and geographies, with significant contributions from new logo sales and ARR subscription renewals.
CEO Seth Ravin highlighted the importance of market focus in driving growth and profitability for Rimini Street clients, emphasizing their unique combination of proprietary systems, patented technology, and unparalleled enterprise software skills. He explained that large-scale ERP replacements are often expensive and time-consuming, yet frequently fail to deliver expected business value. In contrast, Rimini Street's services empower organizations to leverage their existing software infrastructure as a long-term foundation for growth.
The company also shared notable developments in its global executive leadership team, including the addition of a new revenue enablement leader from Kyndryl. This strategic hire aims to accelerate seller ramp time and boost participation in quarterly results, ultimately driving increased sales productivity.
With 17 new client transactions exceeding $1 million in total contract value (TCV) during the quarter, Rimini Street demonstrated its ability to deliver significant revenue growth. Furthermore, these larger contracts contributed to another strong quarter of year-over-year Revenue Performance Operating (RPO) growth.
The company maintained a large global team of quota-carrying sellers, ending the quarter with approximately 80 sellers. As the team continues to ramp up, Rimini Street is well-positioned for continued success in the IT services market. By leveraging its unique combination of expertise and patented technology, the company remains committed to helping clients lower total operating costs, improve profitability, and enhance competitive advantage.
With a strong foundation and strategic leadership in place, Rimini Street appears poised to continue delivering impressive results in the fourth quarter and beyond. As investors await further developments, they should keep a close eye on the company's progress in the months ahead."
