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This statistic highlights Ping Identity’s Revenue Breakdown Worldwide from Q1 2019 onwards, split between the United States and International (Rest of the world), reported on a quarterly basis.
The Ping Intelligent Identity Platform provides customers, workforce, and companions with secure, handy get entry to their packages whether or not they’re software program-as-a-service (“saas”), cell, in the cloud, or on-premise. They leverage synthetic intelligence (“AI”) and system learning (“ML”) to research the device, community, application, and person conduct records to make real-time authentication and safety manipulate decisions, improving the person experience. Their platform is designed to come across anomalies and routinely insert extra safety measures, inclusive of multi-component authentication, most effective while necessary. Enterprises have become extra disbursed because of the adoption of cloud, cell, international, and far-flung workforces, and the Internet of Things (“IoT”) circulate records, packages, and get entry to necessities past the conventional community perimeter.
|Revenue by Region||Q2 2020||Q1 2021||Q2 2021||Contribution in Q2 2021|
|US||$44.63||$ 53.87||$ 56.93||72.2%|
|International||$14.36||$ 15.07||$ 21.97||27.8%|
|Total||$58.98||$ 68.94||$ 78.90||100.0%|
(All figures are in millions, except percentages)
The total revenue of the company has been on a rise. It has shown an increase of $19.92 million, from $58.98 million in Q2 2020 to $78.90 million in Q2 2021, making an increment of about 33.77% on a year-on-year basis. It increased by 14.45% on a quarter-on-quarter basis, as compared to $68.94 million in Q1 2021. Moreover, for the latest quarter in Q2 2021, 72.2% of the revenue can be traced back to the United States, whereas all other countries contribute 27.8% of the revenue.
The company’s revenue, outcomes of operations, and cash flows rely on the general call for their solutions and solution packages. Concerns approximately the systemic effect of an ability massive recession in the United States, geopolitical troubles or the supply and price of credit score may cause expanded marketplace volatility, reduced client confidence, and faded boom expectancies in the US financial system and abroad, which in flip may want to bring about discounts in IT, IAM and identification safety spending through the means of their current and potential purchaser.
The revenue from the United States has a major contribution of 72.2 % to the total revenue of the company. The revenue increased by 27.56% on a year-on-year basis, from $44.63 million in Q2 2020 to $56.93 in Q2 2021. It also inclined by 5.6% on a quarterly basis, as compared to $$53.87 million in Q1 2021.
Ping Holding Corp. has a huge and developing worldwide presence and intends to develop its customer base in diverse worldwide areas through the means of making investments in its income crew globally. They anticipate worldwide income to be a significant sales contributor in destiny periods. They presently have worldwide operations in the United Kingdom, Canada, Australia, France, Germany, India, Israel, the Netherlands, and Switzerland, and will continue to maintain and increase their international operations in these jurisdictions and/or different nations in the future.
Revenue from other countries contributed 27.8% to the total revenue of the company in Q2 2021. The company’s Revenue has shown an increase of $7.61 million, from $14.36 million in Q2 2020 to $21.97 million in Q2 2021, making an increment of 52.02% on a year-on-year basis. It has also grown by 45.78% on a quarterly basis, as compared to $15.07 million in Q1 2021.
Ping Identity Corporation is an American software program agency mounted in 2002. It was founded by Andre Durand and Bryan Field-Elliot and is headquartered in Denver, Colorado, US. It has improved places of work in Vancouver, British Columbia, Tel Aviv, Israel, Austin, Texas, Denver, Colorado, and Boston, Massachusetts. It also operates in Europe and Asia-Pacific.
The Ping Intelligent Identity Platform is produced from more than one answer (SSO, MFA, Access Security, Directory, Dynamic Authorization, Risk Management, Identity Verification, and API Intelligence) that may be bought personally or as a fixed of incorporated answers for the purchaser, workforce, associate or IoT use case. Their modular layout lets clients effortlessly combine with current packages and infrastructures and no longer requires an all-or-not anything rip and replace. The agency’s software program gives federated identification control and self-hosted identification gets entry to control to internet identities thru attribute-primarily based get entry to controls, just like identification control device equipment advanced via way of means of Microsoft and Okta. The common stock of the company is publicly traded on the NYSE under the symbol “PING”.
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