Business
SailPoint Announces Fourth Quarter and Full Year 2019 Financial Results
Fourth quarter and full year 2019 total revenue of $89.0 million and $288.5 million, up 10% and 16% year-over-year, respectively Fourth quarter and full year
About this update from Sailpoint, Inc.
[{"type":"text","content":"\n\nFourth quarter and full year 2019 total revenue of $89.0 million and $288.5 million, up 10% and 16% year-over-year, respectively\n\n\nFourth quarter and full year 2019 subscription revenue of $40.5 million and $143.4 million, up 37% and 38% year-over-year, respectively\n\n\n AUSTIN, Texas--(BUSINESS WIRE)--\nSailPoint Technologies Holdings, Inc. (NYSE: SAIL), the leader in enterprise identity governance, today announced financial results for the fourth quarter and full year ended December 31, 2019.\n\n\n“SailPoint finished 2019 with a strong fourth quarter, exceeding our revenue expectations, driven by customers’ growing recognition that they need a modern identity governance solution, like the SailPoint Predictive Identity platform, that simplifies governance of on-premise and cloud applications,” said Mark McClain, SailPoint CEO and Co-founder.\n\n\n“In 2020, we are accelerating the pace of innovation in the identity governance market with Predictive Identity, making SailPoint the most powerful and intuitive approach to IGA for enterprise customers. And we are very excited about the new cloud governance capabilities that we are bringing to market this quarter, delivering critical new capabilities to both new and existing SailPoint customers.”\n\n\nFinancial Highlights for Fourth Quarter 2019:\n\n\n\nRevenue: Total revenue was $89.0 million, a 10% increase over Q4 2018. Subscription revenue was $40.5 million, a 37% increase over Q4 2018. License revenue was $38.0 million, a 6% decrease from Q4 2018. Services and other revenue was $10.6 million, consistent with Q4 2018.\n\n\nOperating Income: Income from operations was $6.0 million compared to $11.2 million in Q4 2018. Non-GAAP income from operations was $15.2 million compared to $18.4 million in Q4 2018.\n\n\nNet Income: Net income was $5.4 million compared to $5.1 million in Q4 2018. Net income available to common stockholders per diluted share was $0.06, consistent with Q4 2018. Non-GAAP net income was $13.3 million compared to $13.4 million in Q4 2018. Non-GAAP net income per diluted share was $0.15, consistent with Q4 2018.\n\n\n\nFinancial Highlights for Full Year 2019:\n\n\n\nRevenue: Total revenue was $288.5 million, a 16% increase year-over-year. Subscription revenue was $143.4 million, a 38% increase year-over-year. License revenue was $102.8 million, a 2% decrease...