SailPoint shares fall despite earnings beat and raised guidance
Shares in SailPoint Inc. fell more than 11% in trading today after the identity security company beat analyst expectations on revenue and adjusted earnings and raised its outlook, in a selloff that pointed to investor expectations the results did not clear.
For its fiscal 2027 first quarter ended April 30, the company reported adjusted earnings of five cents per share, up from one cent a year earlier, on revenue of $280 million, up 22% year-over-year. Analysts had been expecting adjusted earnings of four cents per share on revenue of $276 million.
On an unadjusted basis, SailPoint posted a net loss of $75 million, or 13 cents per share, narrowing from a loss of $187 million, or 42 cents per share, a year earlier. The operating loss shrank to $80 million from $185 million.
Annual recurring revenue rose 26% year-over-year to $1.16 billion. Software-as-a-service annual recurring revenue, the faster-growing slice, climbed 36% to $781 million. Subscription revenue, which accounts for the bulk of sales, rose 23% to $266 million.
