SAIL - SailPoint Technologies shares climbs after Q3 tops estimates boosts full-year revenue outlook
SailPoint Technologies (NYSE:SAIL) up 12% after yesterday's third quarter results beat top and bottom-line estimates. Total revenue grew 17%year-over-year to $110.1M, above the consensus of $103.9M. The company did break even in the quarter, above $0.07 loss expected by analysts. Subscription revenue was up 39% to $70.8M. Total ARR was up 44% to $323.8M. For Q4, the company forecasts includes $112-114M in revenue vs. the consensus of $114.2M; Non-GAAP net loss per basic and diluted common share in the range of $(0.08) to $(0.06) vs. $0 estimates. The full-year guidance has revenue of $415.5-417.5M (prior:$408-412M; consensus: $399.93M) and a loss per share of $0.06-0.07 (prior: $0.04-$0.08 loss per share) vs. the $0.06 loss estimates. Previously (Nov. 9): SailPoint Technologies EPS beats by $0.07, beats on revenue. Related: SailPoint Technologies Holdings, Inc. (SAIL) CEO Mark McClain on Q3 2021 Results - Earnings Call Transcript.
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SailPoint Technologies shares climbs after Q3 tops estimates, boosts full-year revenue outlook