Ping Identity’s latest quarterly report places the company on a strong upward trajectory. The company brought in $76.2 million in total revenue during the three-month period that ended on September 30, a number that is up 27 percent from the company’s third quarter earnings in 2020.

The vast majority (94 percent, or $71.5 million) of that $76.2 million came from subscription revenue, which is why Ping believes that recurring revenue will be vital to the company’s prospects moving forward. The company’s Annual Recurring Revenue (ARR) now sits at $289.6 million, which represents growth of 19 percent over 2020. Ping defines ARR as the combined annual value of the subscription contracts that it held at the end of the third quarter.

Read more at – Find Biometrics: Ping Identity Brings in $71.5 Million in Strong Q3