SolarWinds Announces First Quarter 2024 Results [Yahoo! Finance]
SolarWinds Corporation (SWI)
Last solarwinds corporation earnings: 4/30 04:05 pm
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Source: Yahoo! Finance
management software, today reported results for its first quarter ended March 31, 2024. First Quarter Financial Highlights Total revenue for the first quarter of $193.3 million, representing 4% year-over-year growth, and total recurring revenue representing 93% of total revenue. Net income for the first quarter of $15.6 million. Adjusted EBITDA for the first quarter of $92.1 million, representing a margin of 48% of total revenue and 19% year-over-year growth. Subscription Annual Recurring Revenue (ARR) of $251.3 million, representing year-over-year growth of 36%, and Total ARR of $695.3 million, representing year-over-year growth of 7%. Please see the tables below for a reconciliation of our GAAP to non-GAAP results. "We started the year strong, exceeding the high end of our guidance for total revenue and adjusted EBITDA, and also delivering our highest quarterly adjusted EBITDA margin in over three years," said Sudhakar Ramakrishna, SolarWinds President and Chief Execut
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SWI
Earnings
- 5/2/24 - Beat
SWI
Sec Filings
- 6/10/24 - Form 8-K
- 5/24/24 - Form 4
- 5/24/24 - Form 4
- SWI's page on the SEC website