Enterprise-focused identity security specialist Ping Identity has set a date for the release of its financial results for Q4 of 2021 and the full fiscal year. The update will arrive after market close on February 24, with the company’s management to further discuss the results on a conference call at 5:00 p.m. Eastern.
For many of those following the company, expectations are likely to be high. In its Q3 update delivered in November, Ping reported revenues of $76.2 million, a year-over-year increase of 27 percent, with the vast majority of those revenues coming from subscriptions.
Commenting at the time, Ping Identity CEO Andre Durand was upbeat about how the company’s momentum would carry forward into the final quarter of the fiscal year. “We executed well financially, exceeding our guidance ranges for all key metrics, which gives us confidence and momentum to close out 2021 in a strong position.”
Like other digital security solutions providers, Ping has been benefitting from heightened demand from the enterprise sector over the past year as the ongoing pandemic has continued to accelerate digital transformation efforts across a number of sectors. A growing number of organizations are in need of solutions for identity management and remote onboarding, while at the same time seeking to ensure compliance with Know Your Customer and Anti-Money Laundering regulations – concerns that Ping’s Head of Personal Identity, Armin Ebrahimi, discussed in an interview with FindBiometrics last autumn.
For its part, Ping provides a number of identity solutions, including Single Sign-On, multi-factor authentication, and support for fingerprint recognition. Its solutions can be deployed on a SaaS basis, or on-premises, or in a hybrid configuration.
Those who are interested in Ping’s Q4 and 2021 update will be able to dial in on February 24, or can view a webcast of the call afterwards that will be available on the company’s website until March 3, 2022.
January 27, 2022 – by Alex Perala