By Amira McKee

Shares of Rimini Street climbed after the company's fourth-quarter revenue beat Wall Street's expectations.

The stock jumped 24% in Friday afternoon trading. The shares are now up 11% for the past year.

The provider of information-technology services late Thursday reported fourth-quarter net income of $724,000, or 1 cent a share, compared with $6.66 million, 7 cents a share, a year earlier. The results missed the 4 cents a share that analysts polled by FactSet had predicted.

Revenue fell 3.9% to $109.8 million in the quarter, beating the $105.5 million forecast by Wall Street, according to FactSet. Excluding the support services for Oracle's PeopleSoft software products, which the company is tapering off, revenue decreased by less than half a percent, Rimini Street said.

The company also logged a record $652.9 million in remaining performance obligations, up 11% from the prior year.

"We invested in the development and launch of new [artificial intelligence]-based solutions, streamlined global operations, achieved new RPO records in both the third and fourth quarters with increased year-over-year and sequential growth, increased our net cash year-over-year and ended fiscal year 2025 with a strong balance sheet and cash position," Chief Executive Seth Ravin said.

For the first quarter, Rimini Street guided for revenue of $101.5 million to $103.5 million, compared with Wall Street expectations of $105 million, according to FactSet. The company also said it sees full-year revenue growth at 4% to 6%.

Write to Amira McKee at amira.mckee@wsj.com

(END) Dow Jones Newswires

February 20, 2026 14:01 ET (19:01 GMT)

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