SolarWinds Announces Third Quarter 2024 Results
SolarWinds Corporation (SWI)
Last solarwinds corporation earnings: 4/30 04:05 pm
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Source: Business Wire
AUSTIN, Texas--(BUSINESS WIRE)--SolarWinds Corporation (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today reported results for its third quarter ended September 30, 2024.Third Quarter Financial HighlightsTotal revenue for the third quarter of $200.0 million, representing 6% year-over-year growth, and total recurring revenue representing 94% of total revenue.Net income for the third quarter of $12.6 million.Adjusted EBITDA for the third quarter of $96.0 million, representing a margin of 48% of total revenue and 13% year-over-year growth.Subscription Annual Recurring Revenue (ARR) of $289.5 million, representing year-over-year growth of 36%, and Total ARR of $724.1 million, representing year-over-year growth of 8%.Please see the tables below for a reconciliation of our GAAP to non-GAAP results.“We delivered another solid quarter, once again highlighted by total revenue and adjusted EBITDA above the high end of our guidance rang
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News
- What It Takes To Secure An Always-On Digital Banking Platform [Forbes]Forbes
- Uptycs Launches Comprehensive Cloud Security Solution with Full Blast Radius Mitigation for SOC, IT, and Operations [Yahoo! Finance]Yahoo! Finance
- New Threat Report from Cato Networks Reveals Ransomware Gangs Recruiting Penetration Testers to Improve Effectiveness of Attacks [Yahoo! Finance]Yahoo! Finance
- 8x8, Inc. Appoints John Pagliuca to Board of Directors [Yahoo! Finance]Yahoo! Finance
- New SolarWinds Report: Automation, Self-Service, and SLAs Are Keys to ITSM EfficiencyBusiness Wire
SWI
Earnings
- 10/31/24 - Beat
SWI
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- SWI's page on the SEC website