SailPoint Q2 ARR Hits $1.23B, Up 25% YoY
SAIL sits 61% above its 52-week low of $10.3.
Summary
SailPoint reported Q2 annual recurring revenue of $1.23 billion, a 25% increase year-over-year. The company posted a Q2 loss per share of 9 cents and adjusted EPS of 9 cents. SailPoint provided guidance for Q3 adjusted EPS of 7 to 8 cents and revenue of $326 million to $330 million. For fiscal 2027, the company expects adjusted EPS of 30 to 34 cents and revenue of $1.265 billion to $1.275 billion. This is the first disclosure of Q2 ARR and follows Q1 results showing positive operating and free cash flow. The strong ARR growth indicates continued momentum in identity security and supports the strategic acquisition of Entro Security completed in June.
At the time of this announcement, SAIL was trading at $16.62 on NASDAQ in the Technology sector, with a market capitalization of approximately $10.1B. The 52-week trading range was $10.30 to $24.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.