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SailPoint Technologies Holdings Bounces Back

TheMotleyFool

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SailPoint Technologies Holdings Bounces BackPhoto, wide shot, wide-angle lens, Cloud computing provider, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/893880f6-c6d9-4518-b1a0-f0be05207ac4.png

SailPoint Technologies Holdings (NYSE: SAIL), a software company that is focused on protecting sensitive data, reported its second-quarter results on Wednesday.

SailPoint got off to a rough start in 2019. Last quarter, management was forced to cut its full-year guidance because its pipeline wasn't maturing as fast as it initially expected. Thankfully, things are going better in the second quarter. Revenue came in ahead of management's forecast and the company was able to raise full-year guidance, although not by enough to offset the cuts that were made earlier in the year.

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