SolarWinds (NYSE: SWI) reported Q1 EPS of $0.23, $0.03 better than the analyst estimate of $0.20. Revenue for the quarter came in at $257 million versus the consensus estimate of $252.72 million.

“Our first quarter results, which exceeded the high end of our previously provided outlook with respect to both non-GAAP total revenue and adjusted EBITDA, are a testament to our team’s focus and commitment,” said Sudhakar Ramakrishna, president and Chief Executive Officer, SolarWinds. “We continue to deliver value, enhance our relevance, and make significant progress executing on our ‘secure by design’ initiative. We believe the resiliency we see in our business, coupled with the ongoing commitment and support from our customers and partners, gives us a strong momentum on our journey to help all manner of IT professionals transform their businesses faster in a hybrid IT world.”

GUIDANCE:

SolarWinds sees Q2 2021 EPS of $0.21, versus the consensus of $0.22. SolarWinds sees Q2 2021 revenue of $254-258 million, versus the consensus of $253.88 million.

SolarWinds’ management currently expects to achieve the following results for the second quarter of 2021:

• Non-GAAP total revenue in the range of $254.0 to $258.0 million, representing growth over the second quarter of 2020 non-GAAP total revenue of 3% to 5%.
  • Core IT Management non-GAAP total revenue in the range of $170.5 to $174.0 million, representing growth over the second quarter of 2020 non-GAAP total revenue of approximately (1.6%) to 0.4%.
  • N-able GAAP total revenue in the range of $83.5 to $84.0 million, representing growth over the second quarter of 2020 GAAP total revenue of approximately 14%.
• Adjusted EBITDA in the range of $102.0 to $104.0 million, representing approximately 40% of non-GAAP total revenue.
• Non-GAAP diluted earnings per share of $0.21.
• Weighted average outstanding diluted shares of approximately 319.6 million.

For earnings history and earnings-related data on SolarWinds (SWI) click here.