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SailPoint's fiscal Q2 performance exceeded expectations: ARR rose 25% year over year to $1.231 billion, while revenue increased 17% to $309 million. SaaS ARR grew 36%, and SaaS accounted for 97% of net new ARR.
AI is becoming a major growth driver: AI-driven ARR surpassed $70 million, represented more than 30% of net new ARR, and the AI-related pipeline more than doubled since the company's investor day. SailPoint is targeting governance of both human identities and autonomous AI agents.
The company raised its fiscal 2027 ARR outlook: SailPoint now expects $1.38 billion in ARR, up $11 million from its prior forecast, while maintaining targets for $1.27 billion in revenue, 19% adjusted operating margin and approximately $200 million in free cash flow.