Rimini Street Inc at Cowen Technology, Media & Telecom Conference Transcript

Jun 02, 2022 / 02:50PM GMT
James Derrick Wood - Cowen and Company, LLC, Research Division - MD of TMT - Software & Senior Software Analyst

Great. Thanks, everyone, for coming. I'm Derrick Wood, senior analyst covering software at Cowen. And we have Rimini, Seth Ravin, Founder and CEO. Thanks, Seth, for coming.

Seth A. Ravin - Rimini Street, Inc. - Founder, Chairman & CEO

Thank you for having us, again.

James Derrick Wood - Cowen and Company, LLC, Research Division - MD of TMT - Software & Senior Software Analyst

Great to see you. So as usual, I guess we'll kick off with a brief overview of Rimini and the journey you've been on.

Seth A. Ravin - Rimini Street, Inc. - Founder, Chairman & CEO

Sure. We're 16 years since founding. We've been public for 5 years. We are now around $400 million in annual revenue. And our target is, of course, north of a 20% operating profit hopefully by 2026 is our target with a target of $1 billion of revenue annually by then. We turned out -- we're really a

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