Business
SailPoint Announces Second Quarter 2020 Financial Results
Second quarter 2020 total revenue of $92.5 million, up 47% year-over-year Second quarter 2020 subscription revenue of $45.9 million, up 36% year-over-year
About this update from Sailpoint, Inc.
[{"type":"text","content":"\n\nSecond quarter 2020 total revenue of $92.5 million, up 47% year-over-year\n\n\nSecond quarter 2020 subscription revenue of $45.9 million, up 36% year-over-year\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 second quarter ended June 30, 2020.\n\n\n“We delivered incredibly strong financial results in Q2, which reflects the broad-based adoption of our SailPoint Predictive Identity vision, driven by our AI-enabled identity solutions, and highlights the increasing criticality of our identity platform for today’s distributed digital enterprise,” said Mark McClain, SailPoint CEO and co-founder.\n\n\n“Our performance demonstrates that CIOs and CISOs recognize SailPoint as foundational to navigating their digital transformation plans successfully. As we turn to the second half of 2020, our focus is to build upon our momentum in the market and our clear technology leadership position to drive consistent value for enterprises worldwide.”\n\n\nFinancial Highlights for Second Quarter 2020:\n\n\n\nRevenue: Total revenue was $92.5 million, a 47% increase over Q2 2019. Subscription revenue was $45.9 million, a 36% increase over Q2 2019. License revenue was $34.9 million, an 80% increase from Q2 2019. Services and other revenue was $11.7 million, a 16% increase over Q2 2019.\n\n\n\n\nOperating Income (Loss): Income from operations was $8.1 million, compared to loss from operations of $(10.1) million in Q2 2019. Non-GAAP income from operations was $18.4 million compared to a non-GAAP loss from operations of $(1.6) million in Q2 2019.\n\n\n\n\nNet Income (Loss): Net income was $3.0 million, compared to net loss of $(9.2) million in Q2 2019. Net income per diluted share was $0.03 compared to net loss per diluted share of $(0.10) in Q2 2019. Non-GAAP net income was $13.8 million compared to non-GAAP net loss of $(1.3) million in Q2 2019. Non-GAAP net income per diluted share was $0.15 compared to non-GAAP net loss per diluted share of $(0.01) in Q2 2019.\n\n\n\nThe tables included in this press release present a reconciliation of non-GAAP income (loss) from operations to GAAP income (loss) from operations, non-GAAP net income (loss) to GAAP net income (loss) and non-GAAP to GAAP weighted average outstanding common...