SailPoint Technologies: Q2 Earnings Snapshot

August 9, 2022 GMT

AUSTIN, Texas (AP) _ SailPoint Technologies Holdings Inc. (SAIL) on Tuesday reported a loss of $29.4 million in its second quarter.

On a per-share basis, the Austin, Texas-based company said it had a loss of 31 cents. Losses, adjusted for stock option expense and amortization costs, came to 2 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.

The identity governance software developer posted revenue of $134.3 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $124 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAIL at https://www.zacks.com/ap/SAIL