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Killexams : Oracle Financials action - BingNews https://killexams.com/pass4sure/exam-detail/1Z0-508 Search results Killexams : Oracle Financials action - BingNews https://killexams.com/pass4sure/exam-detail/1Z0-508 https://killexams.com/exam_list/Oracle Killexams : Oracle Corporation: Analyzing The ORCL Stock

Oracle Corporation (NYSE:ORCL) price is hovering higher on Tuesday, July 26, jumping 0.13% above its previous close.

A look at today’s price movement shows that the accurate level at last check reads $74.86, with intraday deals fluctuating between $74.34 and $75.43. The company’s 5Y monthly beta was ticking 0.83 while its P/E ratio in the trailing 12-month period read 31.19. Taking into account the 52-week price action we note that the stock hit a 52-week high of $106.34 and 52-week low of $63.76. The stock added 10.69% on its value in the past month.

Oracle Corporation, which has a market valuation of $198.54 billion, is expected to release its quarterly earnings report Mar 08, 2022 – Mar 14, 2022. The company stock has a Forward Dividend ratio of 1.28, while the dividend yield is 1.71%. It is understandable that investor optimism is growing ahead of the company’s current quarter results. Analysts tracking ORCL have forecast the quarterly EPS to grow by 1.37 per share this quarter, while the same analysts predict the annual EPS to hit $4.75 for the year 2022 and up to $5.26 for 2023. In this case, analysts estimate an annual EPS growth of 1.70% for the year and 10.70% for the next year.

On average, analysts have forecast the company’s revenue for the quarter will hit $11.68 billion, with the likely lows of $11.32 billion and highs of $11.8 billion. The average estimate suggests sales growth for the quarter will likely rise by 4.00% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $42.28 billion for the company’s annual revenue in 2022. Per this projection, the revenue is forecast to grow 4.40% above that which the company brought in 2022.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators deliver ORCL a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 27 analysts have assigned ORCL a recommendation rating as follows: 15 rate it as a Hold; 7 advise Buy while 2 analyst(s) assign an Overweight rating. 1 analyst(s) have tagged the Oracle Corporation (ORCL) stock as Underweight, with 2 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 2.58. The overview shows that ORCL’s price is at present 5.00% off the SMA20 and 6.36% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 63.84, with weekly volatility standing at 2.11%. The indicator jumps to 2.24% when calculated based on the past 30 days. Oracle Corporation (NYSE:ORCL)’s beta value is holding at 0.85, while the average true range (ATR) indicator is currently memorizing 1.70. Considering analysts have assigned the stock a price target range of $56.00-$115.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $85.67. Based on this estimate, we see that today’s price at last check is roughly 25.29% off the estimated low and -53.42% off the forecast high. Investors will no doubt be excited to see the share price fall to $82.00, which is the median consensus price, and at that level ORCL would be -9.39% from accurate price.

Turning out attention to how the Oracle Corporation stock has performed in comparison to its peers in the industry, here’s what we find: ORCL’s stock is 0.13% on the day and -14.63% in the past 12 months, while Microsoft Corporation (MSFT) traded -2.00% in the latest session and is positioned -10.65% down on its price 12 months ago. Another comparison is with Alphabet Inc. (GOOG) whose stock price is down -1.37% in the current trading session, and has flourished -21.48% over the past year. Also, Alphabet Inc. (GOOGL) is currently showing down trend of -1.25% while its price kept floating at -19.17% over the past year. As for Oracle Corporation, the P/E ratio stands at 31.19 higher than that of Microsoft Corporation’s at 27.00 and Alphabet Inc.’s 18.75. Elsewhere in the market, the S&P 500 Index has stumbled -0.80% in today’s early trading, with the Dow Jones Industrial also seeing a negative session so far with -0.32%.

An analysis of the Oracle Corporation (NYSE:ORCL) stock in terms of its daily trading volume indicates that the 3-month average is 8.26 million. However, this figure increases on the past 10-day timeline to an average of 6.05 million.

Current records show that the company has 2.67B in outstanding shares. The insiders’ percentage holdings are 43.20% of outstanding shares while the percentage share held by institutions stands at 43.20%. The stats also highlight that short interest as of Apr 28, 2022, stood at 11.96 million shares, which puts the short ratio at the time at 1.81. From this we can glean that short interest is 0.45% of company’s current outstanding shares. Notably, we see that shares short in April fall slightly given the previous month’s figure stood at 12.99 million. But the -14.16% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.

Tue, 26 Jul 2022 07:02:00 -0500 en-US text/html https://stocksregister.com/2022/07/26/oracle-corporation-analyzing-the-orcl-stock/
Killexams : This Warren Buffett Quote Could Save Your Portfolio in the Current Bear Market No result found, try new keyword!You don't need to perform advanced calculus to navigate through this rocky economic period. Just follow Warren Buffett's example. Fri, 05 Aug 2022 01:15:00 -0500 en-us text/html https://www.msn.com/en-us/money/topstocks/this-warren-buffett-quote-could-save-your-portfolio-in-the-current-bear-market/ar-AA10lif3 Killexams : Oracle starts job cuts in U.S. - The Information No result found, try new keyword!Oracle Corp has started to lay off employees in the United States, The Information said on Monday, citing a person with direct knowledge of the matter. Mon, 01 Aug 2022 05:31:38 -0500 en-ca text/html https://www.msn.com/en-ca/money/topstories/oracle-starts-job-cuts-in-us-the-information/ar-AA10c0kN?fromMaestro=true Killexams : Oracle layoffs also may be affecting Cerner employees No result found, try new keyword!As Oracle cuts jobs in its quest to eliminate $1 billion in expenses, some of those reductions may creep into its new Cerner unit. Thu, 04 Aug 2022 00:55:00 -0500 text/html https://www.bizjournals.com/kansascity/news/2022/08/04/oracle-cerner-job-layoffs.html Killexams : Why Snowflake Stock Is Falling Today

Snowflake Inc (NYSE:SNOW) shares are trading lower Tuesday following a downgrade from BTIG.

BTIG analyst Gray Powell downgraded Snowflake from a Buy rating to Neutral, citing a series of checks indicating that growth could slow in the coming quarters. 

Although Powell sees long-term opportunity in the name, he cut his expectations for the current quarter. The BTIG analyst believes Snowflake customers could slow spending amid ongoing concerns over an economic slowdown.

Snowflake is set to announce its second-quarter financial results after the market closes on Aug. 24.

See Also: Benzinga Before The Bell: Instagram Head To Relocate To London, SEC Charges 11 for $300M Crypto Ponzi Scheme, Oracle's Layoffs And Other Top Financial Stories Tuesday, August 2

SNOW Price Action: Snowflake has a 52-week high of $344 and a 52-week low of $110.26.

The stock was down 4.93% at $143.53 at press time, according to data from Benzinga Pro.

Photo: courtesy of Snowflake.

Tue, 02 Aug 2022 02:42:00 -0500 en text/html https://markets.businessinsider.com/news/stocks/why-snowflake-stock-is-falling-today-1031639666
Killexams : Oracle Recognized as a Leader in the IDC MarketScape: U.S. Business Intelligence and Analytics Platforms 2022 Vendor Assessment

Press release content from PR Newswire. The AP news staff was not involved in its creation.

Strong natural language capabilities, open semantic layer, and extensive customer support ecosystem noted as key strengths of Oracle Analytics

AUSTIN, Texas, July 28, 2022 /PRNewswire/ -- Oracle today announced that it has been recognized as a Leader in the IDC MarketScape: U.S. Business Intelligence and Analytics Platforms 2022 Vendor Assessment. This IDC MarketScape includes 16 select business intelligence and analytics (BIA) platform providers. Represented by Oracle Analytics Cloud (OAC) and Oracle Analytics Server (OAS), Oracle Analytics placed among the top platforms in the current BIA offering category.

“Oracle’s innovation in AI-based automation across the entire analytics and business intelligence continuum accelerates insights, recommendations, and actions that help Improve outcomes throughout the enterprise,” said Dan Vesset, group vice president of Analytics and Information Management market research, IDC.

According to the report, “Consider Oracle BIA software if your organization has broad requirements for ad hoc data exploration, performance management, scenario analysis, and embedded analytics. By offering multiple-related BIA products, Oracle enables clients to take advantage of its capabilities in the environment and use cases of their choice.”

IDC’s assessment highlights several key OAC strengths, including its prebuilt capabilities that use machine learning for auto-generating and explaining insights in all data, as well as others that significantly Improve user experience such as natural language (NL) and natural language query (NLQ). These strengths include:

  • Strong NL capabilities that combine AI-based linguistics and semantic modeling of the data; NLQ-driven on-the-fly calculation and dashboard generation, negations, and expression filters.
  • Open architecture that allows third-party data visualization tools to connect to OAC’s semantic layer and analytics catalog services.
  • Extensive customer support ecosystem of Oracle employees, partners, and customer peers connected to virtual and physical events and online communities.

“Our strategy is to empower everyone to make analytics-driven decisions that increase the benefit to their organization,” said T.K. Anand, executive vice president, Oracle Analytics. “We’re honored to have IDC validate our commitment to innovating for our customers.”

Oracle Analytics is a complete cloud platform with ready-to-use services for a wide variety of workloads and data. Offering valuable, actionable insights from all types of data—in the cloud, on-premises, or in a hybrid deployment—Oracle Analytics uses machine learning to empower business users, data engineers, and data scientists to access and process relevant data, evaluate predictions, and make quick accurate decisions.

Download a copy of the IDC MarketScape report here.

Additional Resources

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com.

About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

Trademarks
Oracle, Java, and MySQL are registered trademarks of Oracle Corporation.

View original content to download multimedia: https://www.prnewswire.com/news-releases/oracle-recognized-as-a-leader-in-the-idc-marketscape-us-business-intelligence-and-analytics-platforms-2022-vendor-assessment-301595496.html

SOURCE Oracle

Thu, 28 Jul 2022 04:08:00 -0500 en text/html https://apnews.com/press-release/pr-newswire/technology-92f63f9f0a22c1634e19498315164e68
Killexams : First Eagle Global Fund 2nd Quarter 2022 Commentary
Global connection

piranka

Market Overview

Market Summary

2nd Quarter 2022

MSCI World Index

-16.19%

S&P 500 Index

-16.10%

German DAX Index

-11.31%

French CAC 40 Index

-8.92%

Nikkei 225 Index

-4.94%

Brent Crude Oil

+6.39% ( $114.81 a barrel )

Gold

-6.72% ( $1,807.27 an ounce )

US Dollar

+11.93% vs. yen; +6.43% vs. euro

Source: Bloomberg, WM/Reuters.

Financial markets continued to stagger in the second quarter. Though the pain was broad-based, the suffering was felt most acutely in the stock markets, which posted the worst first half of a year since 1970.1 The S&P 500 Index and the MSCI World Index both slipped into bear markets during the period as they lost an additional 16.1% and 16.2%, respectively. Meanwhile, many of the first quarter’s equity market dynamics continued to be felt in the second, most notably the significant outperformance of value relative to growth.

We believe the fall from grace across asset classes thus far in 2022 largely has been the result of the normalization of what had been extraordinarily supportive conditions—including the shift away from generationally low costs of capital and energy.

With central banks led by the US Federal Reserve seeking to tame multidecade-high inflation by dampening aggregate demand, interest rates have moved higher across the yield curve, raising the cost of capital for businesses and consumers that also are contending with energy prices about double what they were 12 months ago. At the same time, there has been in unwind of the massive fiscal stimulus that had helped fuel markets’ rebound from the Covid swoon; the US budget deficit is forecast to fall to 4.8% of GDP in 2022 and 3.8% in 2023, down from 12.4% in 2021 and approaching the 50-year average of around 3.5%.2

Toward the end of the second quarter and into the beginning of the third, however, tighter financial conditions appeared to inspire fear not just of an inflation-dampening economic deceleration but of a full-fledged recession. Indeed, we have begun to see signs that fiscal tightening and higher interest rates are causing demand to soften; in the US, for example, consumer sentiment has deteriorated, manufacturing activity is slowing and mortgage applications are down.3 The impact of recessionary concerns was most evident in the bond markets.

After climbing near 3.5% by mid-June—from close to 1.5% to start 2022—the 10-year US Treasury finished the first half of the year near 3.0%, a rally that suggests to us that markets expect central bank policy restraint to come to a premature end in the face of withering economic growth.4

Get Back

We think that a return to the conditions that prevailed in the aftermath of the Covid-19 swoon—namely, moderate inflation and a very low cost of capital—may be further away than some may think. In fact, things may get worse before they get better, especially if we are on the cusp of recession as some fear, suggesting a more complicated investment environment looking forward.

Many of the components of core CPI—such as healthcare, education, entertainment and rent—are quite sticky and may not be as quick to soften as commodity-driven inputs, which could keep inflation prints elevated even as non-core elements ease.

A more accommodative Fed combined with a widening current account deficit could weigh on the dollar, pushing the cost of imports higher and adding to inflationary pressures. The Fed balance sheet remains a concern as well; despite flat money supply growth in 2022, we estimate there are about $5 trillion or so in excess reserves as a result of pandemic-related accommodations, and whatever surplus remains at the end of the current Fed tightening cycle may be fodder for future inflation pressures.

However, our most pressing inflationary concern may be the fiscal deficit. While the Congressional Budget Office forecast for the deficit, mentioned earlier, is relatively sanguine, it’s not hard to envision multiple sources of negative drift that could push the deficit as a percentage of GDP back into the double digits. Debt-servicing costs appear biased higher as low-rate Treasury debt matures and is replaced by issuance with yields in the 2–3% range.

An increase in unemployment off current low levels could slash tax revenues while increasing expenditures in the form of automatic stabilizers, while the country’s aging demographics have a similar two-pronged effect on revenues and expenditures. Meanwhile, the capital gains tax windfall paid on 2021 market gains seems unlikely to be repeated next year, taking another chunk out of the revenue basket.

Of course, other considerations are playing out beyond US shores. While it seems to have fallen from the headlines, the war between Russia and Ukraine continues to impact market dynamics, as evinced by steady decline of the euro versus the US dollar over the course of 2022. Already struggling under the weight of high prices, Europe will soon head into colder weather with the potential threat of a cutoff in gas supply hanging over its head. On the flip side, this prospect may prompt European leaders to pressure Ukraine into reaching some sort of peace agreement with Russia.

China, meanwhile, has pivoted from contractionary policy to once again stoking its economic engine; not coincidentally, China was one of the few equity markets to deliver a positive return in the second quarter.5 That said, it’s unlikely that China will provide the type of stimulus it did in 2008–2009, which catapulted the country out of its global financial crisis slump and bolstered the global economy. Further, the periodic lockdowns’ associated with the country’s zero-Covid policy may continue to cause disruptions to global supply chains.

Planting Seeds

While the market’s year-to-date swoon has been painful, the selloff created opportunities for us to put money to work in companies we expect to perform well over the long term, allowing us to enlarge certain existing exposures and to add new ones.

Ultimately, we feel good about the prospects for the securities we own and the prices we paid for them, and as a result we are comfortable enduring the uncertainty we see in current financial markets.

Portfolio Review

Global Fund A Shares (without sales charge*) posted a return of -10.49% in second quarter 2022. All regions detracted from performance, with notable weakness in North America. Performance across economic sectors was broadly negative; materials and financials were the leading detractors. The Global Fund outperformed the MSCI World Index in the period.

Leading contributors in the First Eagle Global Fund this quarter included Prosus N.V. Class N (OTCPK:PROSY), Exxon Mobil Corporation (XOM), Philip Morris International Inc. (PM), Colgate-Palmolive Company (CL) and Alibaba Group Holding Ltd. (BABA)

Amsterdam-based Prosus is a technology investment firm and subsidiary of South Africa’s Naspers (OTCPK:NPSNY). Its largest holding is a near-30% stake in Chinese technology firm Tencent Holdings (OTCPK:TCEHY), in which it was an early investor. Prosus shares rallied on the announcement that it would sell a portion of its Tencent shares over time to fund the repurchase of its own stock; the share buy back program is intended to narrow the significant and persistent discount between the price of Prosus stock and the net asset value of its investment holdings.

Separately, Prosus sold off its entire 4% stake of Chinese ecommerce business JD.com (JD), which it had received as a dividend from Tencent.

Integrated oil and gas giant Exxon Mobil performed well in the second quarter as continued high prices for energy products supported the stock. As the largest refiner in the US, the company has benefitted from wide “crack spreads,” or the margin between the cost of crude oil and the petroleum products extracted from it. Exxon continues to invest in refining capacity in the US, which industrywide has been in steady decline since 2019. We are pleased that Exxon has been using its strong cash flows to reduce debt and to return cash to shareholders through dividends and stock repurchases.

Philip Morris shares benefited from the market rotation into defensive areas of the market. The company continued to make progress in its transition to next-generation, non-combustible products and during the quarter entered into an agreement to acquire Swedish Match, which a Stockholm-based maker of Zyn oral nicotine pouches.

Shares of consumer staples giant Colgate-Palmolive have performed well as investors rotated into more recessionary-resilient defensive stocks amid the broader selloff during the second quarter. The company raised revenue guidance for 2022 but lowered its margin outlook because of higher costs for raw materials, packaging and logistics; we believe that the company’s size and market share provide it with options to mitigate the inflation challenges it faces. We continue to like Colgate- Palmolive’s dividend and previously announced $5 billion stock buyback program.

The shares of Chinese e-commerce giant Alibaba advanced on signs that the Chinese government may be starting to relax its regulatory crackdown on the technology sector. There have been reports that Beijing’s more accommodative stance may re-open the door to the initial public offering of Ant Group, a leading Chinese online payment platform whose planned 2020 IPO was scuttled by regulators.6 Alibaba owns about one-third of Ant. We continue to like Alibaba’s core assets, including its cloud business, which continue to generate strong cash flows.

The leading detractors in the quarter were gold bullion, Meta Platforms Inc. Class A (META), Oracle Corporation (ORCL), HCA Healthcare Inc. (HCA) and Newmont Corporation (NEM).

After rallying in February and early March as investors sought perceived safe havens in anticipation of Russia’s invasion of Ukraine, the price of gold bullion drifted steadily lower in the second quarter. While geopolitical discord remains a potential tailwind for the price of gold, the headwind of Fed rate hikes and aggressive inflation-fighting rhetoric drove real interest rates higher and proved to be the more powerful force during the second quarter.

Notably, gold continued to decline late in the quarter even as real interest rates gave back some of their gains on rising recessionary concerns; gold often weakens in advance of a recession, as markets digest the potential trajectory of monetary policy going forward. Gold still trades at a discount to many risk assets on a historical basis, and we continue to believe strongly in its utility as a potential hedge.

Meta Platforms—the parent company of Facebook, Instagram and WhatsApp, among others—traded lower during the quarter along with other technology stocks. Though it reported larger-than-expected growth in daily active users and in earnings for its most accurate quarter, the stock continues to struggle with concerns that changes to the privacy policy on Apple’s mobile operating systems will hurt Meta’s core advertising business.

In addition, Meta’s price action of late suggest to us that investors are re-pricing the stock as a mature company more sensitive to macroeconomic conditions. We continue to like Facebook’s core business and ability to generate cash.

Oracle is one of the world’s largest independent enterprise software companies and has been reinventing itself for the cloud-computing environment, a transition pursued primarily through investments in organic research and design and smallish, well-priced acquisitions. That said, Oracle in June closed its largest-ever deal with the acquisition of Cerner, a designer of software to store and analyze medical records and other healthcare data.

Oracle took on additional debt to finance this all-cash acquisition and as a result plans to moderate its stock-buyback program to focus on debt reduction. Despite the weak quarter for the stock, Oracle’s operations remain strong; it reported better- than-expected results for its most accurate quarter and issued upbeat guidance for the coming fiscal year.

HCA Healthcare owns and operates 182 hospitals and approximately 2,300 ambulatory sites of care in the US and UK. Although admission volumes have recently increased, the company lowered its sales and earnings guidance for 2022 due to concerns about rising labor costs.

The ongoing shortage of healthcare workers in general, and nurses in particular, has forced operators like HCA to fill many roles with temporary contract employees, which is more expensive than hiring full-time workers. We believe these disruptions are temporary, and we maintain our positive opinion on the ability of HCA’s management to be effective stewards of both the balance sheet and business operations.

Shares of Colorado-based Newmont, the largest gold miner in the world, experienced weakness in the quarter as falling gold bullion prices and cost inflation hurt miners in general. More idiosyncratically, the company reported slightly disappointing earnings and production results for its most accurate quarter due to pandemic-related disruptions, ongoing supply-chain constraints and labor shortages.

It also warned that operating costs for 2022 were likely to come in at the upper end of previous guidance. We remain constructive on the stock, which offers steady production anchored in good jurisdictions, a good pipeline of organic projects, a strong balance sheet and proven management.

We appreciate your confidence and thank you for your support.

Sincerely,

First Eagle Investments


Average Annual Returns as of Jun 30, 2022

YTD

1 Year

5 Years

10 Years

Expense Ratio*

First Eagle Global Fund

Class A

without sales charge

SGENX

-10.24%

-8.61%

4.92%

6.64%

1.11%

First Eagle Global Fund

Class A

with sales charge

SGENX

-14.74%

-13.18%

3.85%

6.10%

1.11%

MSCI World Index

-20.51%

-14.34%

7.67%

9.51%


Footnotes

  1. Source: Dow Jones Market Data; data as of June 30, 2022.
  2. Source: Congressional Budget Office; data as of June 30, 2022.
  3. Source: Bureau of Labor Statistics, Institute for Supply Management, Mortgage Bankers Association; data as of June 30, 2022.
  4. Source: Bloomberg; data as of June 30, 2022.
  5. Source: MSCI; data as of June 30, 2022.
  6. Source: Bloomberg; as of June 9, 2022.

* Performance for Class A shares without the effect of sales charges and assumes all distributions have been reinvested, and if a sales charge was included values would be lower.


Original Post

Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.

Sat, 06 Aug 2022 15:49:00 -0500 en text/html https://seekingalpha.com/article/4530986-first-eagle-global-fund-2nd-quarter-2022-commentary
Killexams : Test drive EWI's Financial Forecast Service

How to Protect your Wealth by Investing in AI Tech Stocks

Stock-Markets / Financial Markets 2022 Jul 21, 2022 - 09:59 PM GMT

By: EWI

Stock-Markets

Hi reader,

Market action this year has hurt A LOT of people. Cryptos. Meme stocks. Tech stocks. We've seen some huge percentage declines -- all against a backdrop of historic leaps in interest rates and inflation.

Lifestyles irrevocably changed, not for the better.

Economists missed it. The Fed missed it. Politicians missed it.

But a few folks got it right.

Every month, Elliott Wave International President Robert Prechter and his long-time colleagues Steven Hochberg and Peter Kendall write 20 pages on the markets.

Earlier this year, in his legendary Elliott Wave Theorist, Prechter said:

"2022 through 2024 will witness the biggest bear market ever recorded."

And in early 2021, in reference to headlines about a new "roaring twenties," Hochberg and Kendall included this chart and commentary in their Financial Forecast:

"The great prior valuation extremes arrived amidst relatively robust economic performance. ... Today's weak economy accompanies the overvaluation present during the current fifth and final wave of the Grand Supercycle degree bull market. The anticipation of a roaring new era of stock gains in the face of broad economic deterioration is exactly what we should expect at the top of a major fifth wave."

Many high-flying meme stocks peaked the very next month. Bitcoin and the Nasdaq topped out in November 2021 and the Dow and S&P 500 followed soon after in January 2022.

Are Prechter, Hochberg and Kendall always that right? Of course not.

But: Are they right enough -- and better than the mainstream?

Absolutely.

So here's the deal. For $17, our friends at EWI are offering you 1-week's access to those twenty pages, plus their 3x/week Short Term Update -- and they'll include 3 FREE resources to help you get started. All told, it's nearly $300 worth of material.

Test drive EWI's Financial Forecast Service now for only $17 >>

Join now: The trial offer expires on Thursday, July 28th.

Sincerely,

EWI

P.S. This is an excellent chance to test drive what Financial Forecast Service subscribers pay $97 a month for. For one full week, you get it all -- for just $17. No, that is not a typo.

Who is Elliott Wave International?
EWI is the world's largest independent technical analysis firm. Founded by Robert Prechter in 1979, EWI helps investors and traders to catch market opportunities and avoid potential pitfalls before others even see them coming. Their unique perspective and high-quality analysis have been their calling card for nearly 40 years, featured in financial news outlets such as Fox Business, CNBC, Reuters, MarketWatch and Bloomberg.

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Thu, 21 Jul 2022 08:02:00 -0500 text/html https://www.marketoracle.co.uk/Article70408.html
Killexams : NetSuite Enhances Analytics Warehouse to Help Customers Streamline Decision-Making Process

Latest updates make it easier for customers to blend relevant data sets and introduce new pre-built visualization capabilities

AUSTIN, Texas, July 19, 2022 /PRNewswire/ -- To help organizations further enhance decision making and uncover new revenue streams, Oracle NetSuite today announced updates to NetSuite Analytics Warehouse. The latest updates enhance the first and only prebuilt data warehouse and analytics solution for NetSuite customers by making it easier for customers to blend relevant data sets and introducing new pre-built visualization capabilities.

Oracle NetSuite Logo (PRNewsfoto/Oracle NetSuite)

"Despite having more data available, many business leaders feel that decision making is harder than ever," said Gary Wiessinger, senior vice president, Product Management, Oracle NetSuite. "By harnessing the machine learning-powered analytical capabilities of Oracle Analytics Cloud and the highly automated Oracle Autonomous Database for analytics and data warehousing, the enhanced NetSuite Analytics Warehouse provides organizations with relevant and reliable data. As a result, customers are able to streamline the decision-making process to boost productivity and growth."

Built on Oracle Analytics Cloud and Oracle Autonomous Database for analytics and data warehousing (ADW), NetSuite Analytics Warehouse helps customers spot patterns and quickly surface insights from NetSuite and third-party data. The new updates make it easier for customers to blend standard NetSuite transactional data with custom data, legacy data, and an expansive collection of third-party sources. Additionally, enhancements to pre-built visualization capabilities enable customers to quickly see key performance indicators and identify trends and new data relationships. Updates to NetSuite Analytics Warehouse include:

  • Custom Attribute Mapping Editor: Customers can now select the custom data to flow from NetSuite into the data warehouse on the next scheduled refresh, and its placement in a subject area data snapshot – such as finance, purchasing, inventory, sales and more – in just a few clicks and with no coding required.
  • Content Bundle Feature: Customers can now export content from one NetSuite Analytics Warehouse instance to another, providing efficiency and flexibility. For example, a customer can create a Workbook and dashboard in a sandbox account and then use Bundles to export it into a production account.  
  • Expanded Collection of Pre-built Subject Matter Data Snapshots: Customers can now access an expanded list of pre-built subject matter data snapshots and key metrics for role-specific business insights. The following enhancements are now available as part of the standard daily refresh:
    • Financials Snapshot: Revenue Commitment, Revenue Commitment Reversal, Revenue Arrangement
    • Sales Snapshot: Opportunity and Commission
    • Inventory Snapshot: Inventory Cost Revaluation, Bin Transfer, and Bin Put Away Worksheet.
    • Retail Industry Snapshot: Gross Margins, Spend, and Financials
  • Enhanced Vertical Functionality: Services customers can now access a new subscription-centric project management module to optimize revenue management.

Customers Experience the Benefits of NetSuite Analytics Warehouse

"Collecting the data and keeping it accurate is important, but it's insignificant if we aren't driving meaningful action and decision-making with it," said Cari McCoy, CEO, Clickstop. "NetSuite Analytics Data Warehouse makes both accurate data collection and strategic decision-making possible."

"With NetSuite Analytics Warehouse, I was surprised at how easily we could manipulate data flows to what we needed, and then augment the data with multiple sources," said Mitch Sanders, COO, Thread Wallets. "Two big benefits of NetSuite Analytics Warehouse are more accountability across the whole organization and more adoption of using data to drive decision making."

For more information, read the latest NetSuite blog.

Oracle NetSuite

For more than 20 years, Oracle NetSuite has helped organizations grow, scale and adapt to change. NetSuite provides an integrated system that includes financials / Enterprise Resource Planning (ERP), inventory management, HR, professional services automation and omnichannel commerce, used by more than 31,000 customers in 217 countries and dependent territories.

Learn more at https://www.netsuite.com. Like us on Facebook, and follow us on LinkedIn, Instagram, and Twitter.

Trademarks
Oracle, Java, and MySQL are registered trademarks of Oracle Corporation.

 

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Tue, 19 Jul 2022 00:20:00 -0500 en text/html https://markets.businessinsider.com/news/stocks/netsuite-enhances-analytics-warehouse-to-help-customers-streamline-decision-making-process-1031596899
Killexams : Rimini Street Announces Fiscal Second Quarter 2022 Financial Results

Quarterly revenue of $101.2 million, up 10.5% year over year
Gross margin of 63.1%, up from 62.2% year over year
Quarterly Billings of $101.6 million, down 5.3% year over year
2,905 Active Clients at June 30, 2022, up 9.8% year over year

LAS VEGAS, August 03, 2022--(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced results for the second quarter ended June 30, 2022.

"For the second quarter, we had many positive financial and operational achievements, including strong subscription renewals and extensions, increased cross-sales of our expanded solution portfolio to existing clients and we maintained our excellent, industry-leading client satisfaction rating of more than 4.9 out of 5.0 for cases and onboarding," stated Seth A. Ravin, Rimini Street co-founder, CEO and chairman of the board. "However, in line with other companies, we faced global macro environment and currency exchange rate headwinds that impacted revenue growth by 1%. We believe that the macro environment will ultimately benefit our business, and we are addressing it and other opportunities with changes that include my return to oversee global revenue operations to re-accelerate growth."

"For the second quarter, we achieved record revenue of $101.2 million and a record Revenue Retention Rate of 95% on subscription revenue, a gross margin greater than 63%, generated $15 million of operating cash flow, a record end of quarter cash balance of more than $160 million and delivered solid operating income, Non-GAAP Operating Income and Adjusted EBITDA results," stated Michael L. Perica, Rimini Street chief financial officer. "Additionally, during the quarter, we increased our common stock repurchase plan from $15 million over two years to $50 million over four years and prepaid $5 million of our term loan without any early prepayment penalty."

Second Quarter 2022 Financial Highlights

  • Revenue was $101.2 million for the 2022 second quarter, an increase of 10.5% compared to $91.6 million for the same period last year.

  • U.S. revenue was $53.9 million, an increase of 8.8% compared to $49.6 million for the same period last year.

  • International revenue was $47.3 million, an increase of 12.5% compared to $42.1 million for the same period last year.

  • Annualized Recurring Revenue was $396.7 million for the 2022 second quarter, an increase of 9.6% compared to $362.1 million for the same period last year.

  • Active Clients as of June 30, 2022 were 2,905, an increase of 9.8% compared to 2,645 Active Clients as of June 30, 2021.

  • Revenue Retention Rate was 95% for the trailing twelve months ended June 30, 2022 and 94% for the comparable period ended June 30, 2021.

  • Subscription revenue of $99.2 million, which accounted for 98.0% of total revenue for the 2022 second quarter compared to subscription revenue of $90.5 million, which accounted for 98.8% of total revenue for the same period last year.

  • Gross margin was 63.1% for the 2022 second quarter compared to 62.2% for the same period last year.

  • Operating income was $5.7 million for the 2022 second quarter compared to $4.6 million for the same period last year.

  • Non-GAAP Operating Income was $11.9 million for the 2022 second quarter compared to $9.8 million for the same period last year.

  • Net income was $0.1 million for the 2022 second quarter compared to a net income of $6.8 million for the same period last year.

  • Non-GAAP Net Income was $6.4 million for the 2022 second quarter compared to $8.4 million for the same period last year.

  • Adjusted EBITDA for the 2022 second quarter was $11.0 million compared to $9.9 million for the same period last year.

  • Basic and diluted net income (loss) per share attributable to common stockholders was a net income per share of $0.00 and $0.00, respectively, for the 2022 second quarter compared to a net loss per share of $0.06 for the same period last year.

  • Cash balance (not including restricted cash) of $160.2 million at June 30, 2022, an increase of 45% compared to $110.4 million for the same period last year.

  • Employee count as of June 30, 2022 was 1,834, a year-over-year increase of 17.9%.

Reconciliations of the non-GAAP financial measures provided in this press release to their most directly comparable GAAP financial measures are provided in the financial tables included at the end of this press release. An explanation of these measures, why we believe they are meaningful and how they are calculated is also included under the heading "About Non-GAAP Financial Measures and Certain Key Metrics."

Second Quarter 2022 Company Highlights

  • Announced representative new clients who switched to, or existing clients who expanded their agreements with, Rimini Street, including:

  • Closed more than 9,411 support cases and delivered nearly 9,813 tax, legal and regulatory updates to clients across 30 countries, while achieving an average client satisfaction rating on the Company’s support delivery of more than 4.9 out of 5.0 (where 5.0 is rated excellent).

  • Recognized in UK’s Best Workplaces™ and Ranked among the UK’s Best Workplaces™ for Wellbeing by Great Place to Work®

  • Presented and participated in almost 30 CIO and IT leader events worldwide.

  • The Rimini Street Foundation provided financial aid to 25 charities and dedicated 350 employee hours to 7 charities in Malaysia, Singapore, and USA. In May, the Foundation celebrated the winners of its $50,000 RMNI LOVE Grant Program, supporting 5 notable charities in Las Vegas with a donation of $10,000 each. For Pride Month in June, The Rimini Street Foundation proudly contributed $10,000 to OutRight Action International, a global organization advocating for equal rights for the LGBTIQ community.

2022 Business Outlook

The Company is guiding to a revenue range of $100.5 million to $102.5 million for the 2022 third quarter and we are maintaining full year 2022 revenue guidance to be in the range of $402 million to $411 million.

Webcast and Conference Call Information

Rimini Street will host a conference call and webcast to discuss the second quarter 2022 results and select third quarter 2022 performance to-date commentary at 5:00 p.m. Eastern Time / 2:00 p.m. Pacific Time on August 3, 2022. A live webcast of the event will be available on Rimini Street’s Investor Relations site at https://investors.riministreet.com. Dial-in participants can access the conference call by dialing (888) 999-2501 in the U.S. and Canada. A replay of the webcast will be available for one year following the event.

Company’s Use of Non-GAAP Financial Measures

This press release contains certain "non-GAAP financial measures." Non-GAAP financial measures are not based on a comprehensive set of accounting rules or principles. This non-GAAP information supplements and is not intended to represent a measure of performance in accordance with disclosures required by U.S. generally accepted accounting principles, or GAAP. Non-GAAP financial measures should be considered in addition to, and not as a substitute for or superior to, financial measures determined in accordance with GAAP. A reconciliation of GAAP to non-GAAP results is included in the financial tables within this press release. Presented under the heading "About Non-GAAP Financial Measures and Certain Key Metrics" is a description and explanation of our non-GAAP financial measures.

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. To date, over 4,800 Fortune 500, Fortune Global 100, midmarket, public sector and other organizations from a broad range of industries have relied on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit http://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn. (IR-RMNI)

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "may," "should," "would," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential," "seem," "seek," "continue," "future," "will," "expect," "outlook" or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; the impact of our credit facility’s ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk, including uncertainty from the discontinuance of LIBOR and transition to any other interest rate benchmarks; the duration of and economic, operational and financial impacts on our business of the COVID-19 pandemic, as well as the actions taken by governmental authorities, clients or others in response to the pandemic; changes in the business environment in which Rimini Street operates, including the impact of any recessionary economic trends, including inflation, rising interest rates and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates and the industries in which our clients operate; the evolution of the enterprise software management and support landscape facing our clients and prospects and our ability to attract and retain clients and further penetrate our client base; catastrophic events that disrupt our business or that of our current and prospective clients, including terrorism and geopolitical actions specific to an international region; adverse developments in and costs associated with defending pending litigation or any new litigation; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; the sufficiency of our cash and cash equivalents to meet our liquidity requirements, including under our credit facility; our ability to maintain an effective system of internal control over financial reporting and our ability to remediate any identified material weaknesses in our internal controls; changes in laws and regulations, including changes in tax laws or unfavorable outcomes of tax positions we take, or a failure by us to establish adequate reserves for tax events; competitive product and pricing activity; challenges of managing growth profitably; customer adoption of our products and services, including our Application Management Services (AMS) offerings, in addition to other products and services we expect to introduce in the future; the loss of one or more members of Rimini Street’s management team; our ability to attract and retain qualified employees and key personnel; uncertainty as to the long-term value of Rimini Street’s equity securities; the effects of seasonal trends on our results of operations, including the contract renewal cycles for vendor supplied software support and managed services; our ability to prevent unauthorized access to our information technology systems and other cybersecurity threats, protect the confidential information of our employees and clients and comply with privacy and data protection regulations; and those discussed under the headings "Risk Factors" and "Cautionary Note About Forward-Looking Statements" in Rimini Street’s Quarterly Report on Form 10-Q filed on August 3, 2022, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

© 2022 Rimini Street, Inc. All rights reserved. "Rimini Street" is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

RIMINI STREET, INC.
Unaudited Condensed Consolidated Balance Sheets
(In thousands, except per share amounts)

ASSETS

June 30,
2022

December 31,
2021

Current assets:

Cash and cash equivalents

$

160,217

$

119,571

Restricted cash

419

419

Accounts receivable, net of allowance of $747 and $576, respectively

87,601

135,447

Deferred contract costs, current

16,282

14,985

Prepaid expenses and other

16,772

16,340

Total current assets

281,291

286,762

Long-term assets:

Property and equipment, net of accumulated depreciation and amortization of $14,270 and $13,278, respectively

4,922

4,435

Operating lease right-of-use assets

11,469

12,722

Deferred contract costs, noncurrent

23,427

21,524

Deposits and other

1,737

1,786

Deferred income taxes, net

63,367

64,033

Total assets

$

386,213

$

391,262

LIABILITIES, REDEEMABLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT

Current liabilities:

Current maturities of long-term debt

$

3,664

$

3,664

Accounts payable

5,809

5,708

Accrued compensation, benefits and commissions

38,159

36,558

Other accrued liabilities

23,921

26,124

Operating lease liabilities, current

4,156

4,227

Deferred revenue, current

255,376

253,221

Total current liabilities

331,085

329,502

Long-term liabilities:

Long-term debt, net of current maturities

72,888

79,655

Deferred revenue, noncurrent

45,011

47,047

Operating lease liabilities, noncurrent

10,860

12,511

Other long-term liabilities

2,856

2,933

Total liabilities

462,700

471,648

Stockholders' Deficit:

Preferred Stock, $0.0001 par value. Authorized 99,820 shares (excluding 180 shares of Series A Preferred Stock); no
other series has been designated

Common Stock, $0.0001 par value. Authorized 1,000,000 shares; issued and outstanding 87,529 and 87,107 shares,
respectively

9

9

Additional paid-in capital

152,147

149,234

Accumulated other comprehensive loss

(4,935

)

(2,724

)

Accumulated deficit

(222,592

)

(225,789

)

Treasury stock, at cost

(1,116

)

(1,116

)

Total stockholders' deficit

(76,487

)

(80,386

)

Total liabilities and stockholders' deficit

$

386,213

$

391,262

RIMINI STREET, INC.
Unaudited Condensed Consolidated Statements of Operations
(In thousands, except per share amounts)

Three Months Ended
June 30,

Six Months Ended
June 30,

2022

2021

2022

2021

Revenue

$

101,200

$

91,614

$

199,110

$

179,509

Cost of revenue

37,344

34,595

74,551

68,431

Gross profit

63,856

57,019

124,559

111,078

Operating expenses:

Sales and marketing

36,205

33,157

67,905

63,540

General and administrative

18,862

16,494

38,813

33,097

Impairment charges related operating right of use assets

393

Litigation costs and related recoveries:

Professional fees and other costs of litigation

3,193

2,786

6,692

7,549

Insurance costs and recoveries, net

(92

)

(481

)

Litigation costs and related recoveries, net

3,101

2,786

6,211

7,549

Total operating expenses

58,168

52,437

112,929

104,579

Operating income

5,688

4,582

11,630

6,499

Non-operating income and (expenses):

Interest expense

(999

)

(38

)

(1,807

)

(85

)

Gain (loss) on change in fair value of redeemable warrants

3,698

(970

)

Other income (expenses), net

(1,577

)

(496

)

(1,368

)

276

Income before income taxes

3,112

7,746

8,455

5,720

Income tax expense

(3,002

)

(939

)

(5,258

)

(2,489

)

Net income

$

110

$

6,807

$

3,197

$

3,231

Net income (loss) attributable to common stockholders

$

110

$

(4,846

)

$

3,197

$

(14,691

)

Net income (loss) per share attributable to common stockholders:

Basic

$

$

(0.06

)

$

0.04

$

(0.18

)

Diluted

$

$

(0.06

)

$

0.04

$

(0.18

)

Weighted average number of shares of Common Stock outstanding:

Basic

87,225

85,343

87,175

82,056

Diluted

89,339

85,343

88,940

82,056

RIMINI STREET, INC.
GAAP to Non-GAAP Reconciliations
(In thousands)

Three Months Ended
June 30,

Six Months Ended
June 30,

2022

2021

2022

2021

Non-GAAP operating income reconciliation:

Operating income

$

5,688

$

4,582

$

11,630

$

6,499

Non-GAAP adjustments:

Litigation costs and related recoveries, net

3,101

2,786

6,211

7,549

Stock-based compensation expense

3,159

2,478

6,210

4,711

Impairment charges related to operating right-of-use assets

393

Non-GAAP operating income

$

11,948

$

9,846

$

24,051

$

19,152

Non-GAAP net income reconciliation:

Net income

$

110

$

6,807

$

3,197

$

3,231

Non-GAAP adjustments:

Litigation costs and related recoveries, net

3,101

2,786

6,211

7,549

Gain (loss) on change in fair value of redeemable warrants

(3,698

)

970

Stock-based compensation expense

3,159

2,478

6,210

4,711

Impairment charges related to operating right-of-use assets

393

Non-GAAP net income

$

6,370

$

8,373

$

15,618

$

16,854

Non-GAAP Adjusted EBITDA reconciliation:

Net income

$

110

$

6,807

$

3,197

$

3,231

Non-GAAP adjustments:

Interest expense

999

38

1,807

85

Income tax expense

3,002

939

5,258

2,489

Depreciation and amortization expense

644

590

1,222

1,174

EBITDA

4,755

8,374

11,484

6,979

Non-GAAP adjustments:

Litigation costs and related recoveries, net

3,101

2,786

6,211

7,549

Gain (loss) on change in fair value of redeemable warrants

(3,698

)

970

Stock-based compensation expense

3,159

2,478

6,210

4,711

Impairment charges related to operating right-of-use assets

393

Adjusted EBITDA

$

11,015

$

9,940

$

23,905

$

20,602

Billings:

Revenue

$

101,200

$

91,614

$

199,110

$

179,509

Deferred revenue, current and noncurrent, as of the end of the period

300,387

265,638

300,387

265,638

Deferred revenue, current and noncurrent, as of the beginning of the period

300,029

249,997

300,268

256,933

Change in deferred revenue

358

15,641

119

8,705

Billings

$

101,558

$

107,255

$

199,229

$

188,214

About Non-GAAP Financial Measures and Certain Key Metrics

To provide investors and others with additional information regarding Rimini Street’s results, we have disclosed the following non-GAAP financial measures and certain key metrics. We have described below Active Clients, Annualized Recurring Revenue and Revenue Retention Rate, each of which is a key operational metric for our business. In addition, we have disclosed the following non-GAAP financial measures: non-GAAP operating income, non-GAAP net income, EBITDA, adjusted EBITDA and Billings. Rimini Street has provided in the tables above a reconciliation of each non-GAAP financial measure used in this earnings release to the most directly comparable GAAP financial measure. Due to a valuation allowance for our deferred tax assets, there were no tax effects associated with any of our non-GAAP adjustments. These non-GAAP financial measures are also described below.

The primary purpose of using non-GAAP measures is to provide supplemental information that management believes may prove useful to investors and to enable investors to evaluate our results in the same way management does. We also present the non-GAAP financial measures because we believe they assist investors in comparing our performance across reporting periods on a consistent basis, as well as comparing our results against the results of other companies, by excluding items that we do not believe are indicative of our core operating performance. Specifically, management uses these non-GAAP measures as measures of operating performance; to prepare our annual operating budget; to allocate resources to enhance the financial performance of our business; to evaluate the effectiveness of our business strategies; to provide consistency and comparability with past financial performance; to facilitate a comparison of our results with those of other companies, many of which use similar non-GAAP financial measures to supplement their GAAP results; and in communications with our board of directors concerning our financial performance. Investors should be aware however, that not all companies define these non-GAAP measures consistently.

Billings represents the change in deferred revenue for the current period plus revenue for the current period.

Active Client is a distinct entity that purchases our services to support a specific product, including a company, an educational or government institution, or a business unit of a company. For example, we count as two separate active clients when support for two different products is being provided to the same entity. We believe that our ability to expand our active clients is an indicator of the growth of our business, the success of our sales and marketing activities, and the value that our services bring to our clients.

Annualized Recurring Revenue is the amount of subscription revenue recognized during a fiscal quarter and multiplied by four. This gives us an indication of the revenue that can be earned in the following 12-month period from our existing client base assuming no cancellations or price changes occur during that period. Subscription revenue excludes any non-recurring revenue, which has been insignificant to date.

Revenue Retention Rate is the actual subscription revenue (dollar-based) recognized over a 12-month period from customers that were clients on the day prior to the start of such 12-month period, divided by our Annualized Recurring Revenue as of the day prior to the start of the 12-month period.

Non-GAAP Operating Income is operating income adjusted to exclude: litigation costs and related recoveries, net, stock-based compensation expense and impairment charge related to operating right-of-use assets. The exclusions are discussed in further detail below.

Non-GAAP Net Income is net income adjusted to exclude: litigation costs and related recoveries, net, loss on change in fair value of redeemable warrants, stock-based compensation expense and impairment charge related to operating right-of-use assets. These exclusions are discussed in further detail below.

Specifically, management is excluding the following items from its non-GAAP financial measures, as applicable, for the periods presented:

Litigation Costs and Related Recoveries, Net: Litigation costs and the associated insurance and appeal recoveries relate to outside costs of litigation activities. These costs and recoveries reflect the ongoing litigation we are involved with, and do not relate to the day-to-day operations or our core business of serving our clients.

Gain (loss) on Change in Fair Value of Redeemable Warrants: We have excluded the gains and losses on redeemable warrants related to the change in fair value of these instruments given the financial nature of this fair value requirement. We are not able to manage these amounts as part of our business operations nor are the costs core to servicing our clients and therefore we have excluded them.

Stock-Based Compensation Expense: Our compensation strategy includes the use of stock-based compensation to attract and retain employees. This strategy is principally aimed at aligning the employee interests with those of our stockholders and to achieve long-term employee retention, rather than to motivate or reward operational performance for any particular period. As a result, stock-based compensation expense varies for reasons that are generally unrelated to operational decisions and performance in any particular period.

Impairment Charges Related to Operating Lease Right-of-Use Assets: This relates to an impairment charge related to our leased assets for a portion of one of our locations as we no longer use the space.

EBITDA is net income adjusted to exclude: interest expense, income tax expense, and depreciation and amortization expense.

Adjusted EBITDA is EBITDA adjusted to exclude: litigation costs and related recoveries, net, gain (loss) on change in fair value of redeemable warrants, stock-based compensation expense and impairment charge related to operating right-of-use assets, as discussed above.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220803005084/en/

Contacts

Investor Relations Contact
Dean Pohl
Rimini Street, Inc.
+1 925 523-7636
dpohl@riministreet.com

Media Relations Contact
Jeff Spicer
Rimini Street, Inc.
+1 415 297-6488
pr@riministreet.com

Wed, 03 Aug 2022 08:02:00 -0500 en-GB text/html https://uk.finance.yahoo.com/news/rimini-street-announces-fiscal-second-200200360.html
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