The company’s quarterly loss shrank to $74.7 million, or 13 cents per share, compared with a $187.3 million loss during the same period last year. On an adjusted basis, earnings hit 5 cents a share, outpacing the 4-cent estimate from FactSet analysts. Subscription revenue served as the primary engine for this performance, climbing to $265.8 million from $215.3 million.
In section Market Quotes
SailPoint Raises Revenue Outlook as Subscription Gains Narrow Losses
A surge in subscription demand pushed SailPoint’s first-quarter revenue to $280.1 million, comfortably beating market expectations. The cybersecurity firm leveraged this momentum to narrow its net loss significantly, while simultaneously lifting its full-year revenue guidance to a range of $1.27 billion to $1.28 billion for fiscal 2027.
Looking ahead, SailPoint projects its second-quarter revenue will land between $308 million and $312 million. While the company maintains its adjusted earnings outlook of 30 to 34 cents per share for the full year, the upward revision to total revenue reflects a projected growth rate of 18% to 19%.
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