India, June 11 -- Enterprise security firm SailPoint, Inc. (SAIL) Wednesday reported wider net loss in its first quarter, but narrower loss per share, amid higher revenues. Further, the company issued positive outlook for second quarter, and raised fiscal 2026 forecast.
In the pre-market activity on the Nasdaq, SailPoint shares were gaining around 10.4 percent to trade at $21.70.
For the second quarter, SailPoint expects adjusted earnings per share of $0.04 to $0.05, and total revenue of $242 million to $244 million, a year-over-year growth of 22 percent to 23 percent.
Total Annual Recurring Revenue or ARR is projected to be $963 million to $967 million, representing an increase of 26 percent from last year.
Further, for fiscal 2026, Sa...