SolarWinds Non-GAAP EPS of $0.29 beats by $0.07, revenue of $193.3M beats by $2.2M [Seeking Alpha]
SolarWinds Corporation (SWI)
Last solarwinds corporation earnings: 4/30 04:05 pm
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Source: Seeking Alpha
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. Subscription Annual Recurring Revenue 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%. SolarWinds' management currently expects to achieve the following results for the second quarter of 2024: Total revenue in the range of $186 to $191 million vs $191.22M consensus, representing growth of approximately 2% as compared to the second quarter of 2023 total revenue at the midpoint of the range. Adjusted EBITDA of approximately $85 to $88 million, representing growth of approximately 9% over the second quarter of 2023 adjusted EBITDA at the midpoint of the range. Non-GAAP diluted earnings per share of $0.21 to $0.23 vs $0.23 consensus Weighted average outstanding diluted shares of approximately 171.6 million. SolarWinds' management cur
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SWI
News
- Auvik Elevates Leadership Team with Industry Veterans to Chart Next Phase of Growth; Appoints Mark Ralls as President and Bryan Getz as Chief Sales Officer [Yahoo! Finance]Yahoo! Finance
- OSANO NAMES RYAN MACIA AS CFO [Yahoo! Finance]Yahoo! Finance
- Security bug allows anyone to spoof Microsoft employee emails [TechCrunch]TechCrunch
- Seven Steps To Help Secure Critical Infrastructure [Forbes]Forbes
- New SolarWinds Report: IT Pros Want AI but Fear Shortcomings in Data Quality, Privacy, Security [Yahoo! Finance]Yahoo! Finance
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