SailPoint Technologies Holdings, Inc. (SAIL) Tops Q1 EPS by 5c, Offers Guidance

SailPoint Technologies Holdings, Inc. (NYSE: SAIL) reported Q1 EPS of $0.02, $0.05 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $49.7 million versus the consensus estimate of $44.6 million.

Financial Outlook:

For the second quarter of 2018, SailPoint expects:

• Revenue in the range of $49.5 million to $50.5 million
• Non-GAAP (loss) income from operations in the range of $(0.5) million to $0.5 million
• Non-GAAP net loss per basic and diluted common share in the range of $(0.03) to $(0.02), based on estimated cash income tax payments of $0.7 million and 87.5 million basic and diluted common shares outstanding. Expectations of non-GAAP loss from operations and non-GAAP net loss per basic and diluted common share exclude stock-based compensation expense and amortization of acquired intangibles.

For the full year 2018, SailPoint expects:

• Revenue in the range of $225 million to $229 million
• Non-GAAP income from operations in the range of $14.0 million to $16.0 million
• Non-GAAP net income per diluted common share in the range of $0.07 to $0.09, based on estimated cash income tax payments of $1.8 million and 93 million diluted common shares outstanding. Expectations of non-GAAP income from operations and non-GAAP net income per diluted common share exclude stock-based compensation expense and amortization of acquired intangibles.

(Street sees Q2 EPS of ($0.03) on revenue of $49 million and FY EPS of $0.06 on revenue of $222.6 million)

For earnings history and earnings-related data on SailPoint Technologies Holdings, Inc. (SAIL) click here.

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