SailPoint Announces Second Quarter 2019 Financial Results
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SailPoint Technologies Holdings, Inc. (SAIL) Tops Q2 EPS by 4c, Revenues Beat; Offers Q3 & FY19 EPS Guidance Below Consensus; Affirms Q3 & FY19 Revenue Views
August 6, 2019 5:02 PM EDTSailPoint Technologies Holdings, Inc. (NYSE: SAIL) reported Q2 EPS of ($0.01), $0.04 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $63.1 million versus the consensus estimate of $60.41 million.
Financial Highlights for Second Quarter 2019:
Revenue: Total revenue was $63.1 million, an 18% increase over Q2 2018. Subscription revenue was $33.7 million, a 40% increase over Q2 2018. License revenue and services and other revenue were $19.3 million and $10.0 million, respectively, and both were consistent with Q2 2018.Operating Income (Loss): Loss from operations was $(10.1) million, compared to $(1.4) million in Q2 2018. Non-GAAP loss from operations was $(1.6) million,... More