Rimini Street, Inc.

Ladies and gentlemen, this is your operator speaking. Today's conference is scheduled to begin momentarily. Until that time, your lines will remain on music hold. We thank you for your patience. Good afternoon, ladies and gentlemen, and welcome to the Rimini Street Q2 2024 earnings conference call. At this time, all lines are in listen-only mode. Following the presentation, we'll conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Wednesday, July 31st, 2024. I would now like to turn the conference over to Dean Pohl, VP, Treasurer, and Investor Relations. Please go ahead.

Thank you, Operator. I'd like to welcome everyone to Romini Street's second quarter 2024 earnings conference call. On the call with me today is Seth Raven, our CEO and president, and Michael Parika, our CFO. Today we issued our earnings press release for the second quarter ended June 30, 2024, a copy of which can be found on our website under Investor Relations. A reconciliation of GAAP to non-GAAP financial measures has been provided in the table following the financial statements in the press release. An explanation of these measures and why we believe they are meaningful is also included in the press release under the heading about non-GAAP financial measures and certain key metrics. As a reminder, today's discussion will include forward-looking statements that reflect our current outlook. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from statements made today. We encourage you to review our most recent SEC filings, including our Form 10-Q filed today, for discussion of risks that may affect our future results or stock price. Now, before taking questions, we'll begin with prepared remarks. With that, I'd like to turn the call over to Seth.

Thank you, Dean, and thank you, everyone, for joining us today. Romani Street helps our clients achieve better business outcomes, such as significant IT operating cost savings, improved profitability, new competitive advantages, and accelerated growth. We've achieved these goals by significantly lowering the costs, resources, and time needed to support and manage mission-critical transaction systems, such as ERP, financials, HCM, and CRM, while also assisting clients with innovation projects that include cloud, open source, automation, workflow, data, analytics, AI reporting, application modernization, migrations, integrations, security, license management, and global IT governance. To date, we believe we have already delivered over $8 billion of savings and reinvestment opportunity to thousands of clients operating in nearly 150 countries. Rumini Street serves its clients of more than 2,100 employees working in 21 countries and two large lab operations in India and Brazil. Our award-winning software support delivers an average engineer response time of less than two minutes, 24 by seven by 365, and earns an average client satisfaction score of 4.9 out of five, where five is excellent.