SAIL - SailPoint Technologies stock soars aftermarket as Q4 results top Street view
SailPoint Technologies (NYSE:SAIL) stock soared 8% postmarket after the company reported Q4 results that topped Street estimates. Q4 revenue grew 31.3% Y/Y to $135.6M. Subscription revenue, which accounted for more than half the total revenue, rose 41% to $78.8M. Total ARR at Dec. 31 was $370.4M, up 48% Y/Y. SAIL expects Q1 non-GAAP net loss per share of $0.11-0.10. Consensus EPS estimate is -$0.05. Q1 revenue is expected to be $110.5M-112.5M, above consensus estimate of $107.78M. Total ARR is projected to be $393M-395M. SAIL expects 2022 non-GAAP net loss per share of $0.29-0.23. Consensus EPS estimate is -$0.06. 2022 revenue is expected to be $513M-521M, well above consensus estimate of $486.81M. SaaS revenue is projected to be $197M-201M, while total ARR is estimated at $516M-524M. “Our performance throughout 2021 has reinforced our belief that SaaS-based identity security is a top investment priority for enterprises. We expect another strong year of growth in
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SailPoint Technologies stock soars aftermarket as Q4 results top Street view