SailPoint (SAIL) reported fiscal Q1 adjusted earnings Tuesday of $0.05 per diluted share, compared with $0.01 a year earlier.

Analysts surveyed by FactSet expected $0.04.

Revenue for the quarter ended April 30 was $280.1 million, compared with $230.5 million a year earlier.

Analysts surveyed by FactSet expected $275.8 million.

For fiscal Q2, the company expects adjusted EPS of $0.07 to $0.08, and revenue of $308 million to $312 million. Analysts expect $0.08 and $309.7 million, respectively.

For fiscal 2027, the company maintained its adjusted EPS outlook at $0.30 to $0.34, and updated its revenue guidance to between $1.27 billion and $1.28 billion from its prior range of $1.26 billion to $1.27 billion. Analysts expect $0.32 and $1.27 billion, respectively.

SailPoint shares were down nearly 15% in premarket activity.