Business
SailPoint Announces Fourth Quarter and Full Year 2020 Financial Results
Total ARR of $251.0 million, up 40% year-over-year Fourth quarter and full year 2020 total revenue of $103.3 million and $365.3 million, up 16% and 27%
About this update from Sailpoint, Inc.
[{"type":"text","content":"\n\nTotal ARR of $251.0 million, up 40% year-over-year\n\n\n\nFourth quarter and full year 2020 total revenue of $103.3 million and $365.3 million, up 16% and 27% year-over-year, respectively\n\n\n\nFourth quarter and full year 2020 subscription revenue of $56.0 million and $196.8 million, up 38% and 37% 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, 2020.\n\n“SailPoint closed 2020 with a very strong Q4, marking the largest quarter of total revenue in our company’s history. Our results for the year were driven by solid execution across the business and continued strong demand for SailPoint’s identity platform which is foundational to securing today’s dynamic enterprise,” said Mark McClain, SailPoint CEO and founder.\n\n“2020 represented an inflection point for SailPoint as the criticality of identity security became more apparent than ever as the pandemic accelerated digital transformation and required businesses to manage and secure a highly distributed workforce. SailPoint’s business was not only resilient during this time but experienced significant growth as we helped hundreds of companies manage the balance between enabling access and protecting their business from the risk of ungoverned access. We believe we are well-positioned to drive continued value for our customers and shareholders as identity security becomes increasingly critical to securing the modern enterprise.”\n\nFinancial Highlights for Fourth Quarter 2020:\n\n\nRevenue: Total revenue was $103.3 million, a 16% increase over Q4 2019. Subscription revenue was $56.0 million, a 38% increase over Q4 2019. License revenue was $34.1 million, a 10% decrease from Q4 2019. Services and other revenue was $13.2 million, a 25% increase over Q4 2019.\n\n\nOperating Income (Loss): Loss from operations was $2.9 million compared to income from operations of $6.0 million in Q4 2019. Non-GAAP income from operations was $13.4 million compared to $15.2 million in Q4 2019.\n\n\nNet Income (Loss): Net loss was $4.7 million compared to net income of $5.4 million in Q4 2019. Net loss per diluted share was $0.05 compared to net income per diluted share of $0.06 in Q4 2019. Non-GA...