Business
SailPoint Announces First Quarter 2021 Financial Results
Total ARR of $270.2 million, up 43% year-over-year First quarter 2021 subscription revenue of $59.2 million, up 35% year-over-year First quarter 2021 total
About this update from Sailpoint, Inc.
[{"type":"text","content":"\n\nTotal ARR of $270.2 million, up 43% year-over-year\n\n\nFirst quarter 2021 subscription revenue of $59.2 million, up 35% year-over-year\n\n\nFirst quarter 2021 total revenue of $90.8 million, up 20% year-over-year\n\n\n AUSTIN, Texas--(BUSINESS WIRE)--\nSailPoint Technologies Holdings, Inc. (NYSE: SAIL), the leader in identity security for the cloud enterprise, today announced financial results for the first quarter ended March 31, 2021.\n\n“SailPoint’s strong first quarter performance built upon our fiscal year 2020 results. Our performance this quarter was driven by a combination of continued growing demand for the SailPoint Identity Platform and strong execution across all teams,” said Mark McClain, SailPoint CEO and founder.\n\n“As the attack surface continues to grow, there is an increased appreciation and recognition that identity security is fundamental to helping organizations securely deliver access to their workforce applications. This is driving demand for and commitment to SailPoint’s SaaS identity platform. Enterprises of all sizes using the platform are able to implement a simplified, yet sophisticated identity security program at scale to fully address the complexity of their needs. We continue to see growing SaaS identity security adoption and believe SailPoint is well positioned to deliver strong growth going forward.”\n\nFinancial Highlights for First Quarter 2021:\n\n\nARR: Total ARR at March 31, 2021 was $270.2 million, a 43% increase year-over-year\n\n\nRevenue: Total revenue was $90.8 million, a 20% increase over Q1 2020. Subscription revenue was $59.2 million, a 35% increase over Q1 2020. SaaS revenue was $21.9 million, a 55% increase over Q1 2020.\n\n\nOperating Income (Loss): Loss from operations was $15.6 million compared to $5.3 million in Q1 2020. Non-GAAP income from operations was $0.7 million compared to $4.4 million in Q1 2020.\n\n\nNet Income (Loss): Net loss was $15.3 million compared to $8.4 million in Q1 2020. Net loss per diluted share was $0.17 compared to $0.09 in Q1 2020. Non-GAAP net income was $0.4 million compared to $4.1 million in Q1 2020. Non-GAAP net income per diluted share was $0.00 compared to $0.04 in Q1 2020.\n\n\nThe tables included in this press release present a reconciliation of non-GAAP income from operations to GAAP loss from operations, non-GAAP net income to GAAP ne...