SailPoint Announces Third Quarter 2020 Financial Results
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SailPoint Technologies Holdings (SAIL) PT Raised to $55 at Oppenheimer
November 6, 2020 6:24 AM ESTOppenheimer analyst Shaul Eyal raised the price target on SailPoint Technologies Holdings (NYSE: SAIL) to $55.00 (from $40.00) while maintaining an Outperform rating.
The analyst commented, "SAIL's 3Q20 marked yet another set of strong quarterly results with revenue of $94M (up 23.9% y/y) handily outpacing... More
SailPoint Technologies Holdings, Inc. (SAIL) Tops Q3 EPS by 16c, Revenues Beat; Offers 4Q & FY20 EPS/Revenue Guidance Above Consensus
November 5, 2020 5:22 PM ESTSailPoint Technologies Holdings, Inc. (NYSE: SAIL) reported Q3 EPS of $0.11, $0.16 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $94 million versus the consensus estimate of $83.61 million.
Financial Highlights for Third Quarter 2020:
Revenue: Total revenue was $94.0 million, a 24% increase over Q3 2019. Subscription revenue was $51.0 million, a 36% increase over Q3 2019. License revenue was $30.9 million, a 15% increase from Q3 2019. Services and other revenue was $12.1 million, a 4% increase over Q3 2019.Operating Income: Income from operations was $1.0 million... More