Surpassing $1 Billion in ARR
SailPoint surpassed $1 billion in annual recurring revenue (ARR) for the first time, reaching $1.04 billion, a 28% year-over-year increase.
Strong SaaS ARR Growth
SaaS ARR grew 38% year-over-year, now comprising $669 million or 64% of total ARR.
Introduction of New Products
SailPoint introduced a suite of new products and a flex licensing model, driving robust cross-sell growth and strong customer interest.
High Net Revenue Retention
Net revenue retention (NRR) was 114%, indicating strong customer expansion and retention.
Record Operating Income and Margin
Adjusted operating income was $56 million, representing a 19.8% margin, exceeding guidance.
Increased Fiscal Year Guidance
ARR guidance for the fiscal year was increased by $12 million to $1.122 billion, with revenue expected to grow 24% year-over-year.