Deutsche Bank Downgrades SolarWinds (SWI) to Hold
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SolarWinds Announces Second Quarter 2015 Results
July 16, 2015 4:02 PM EDTAUSTIN, TX -- (Marketwired) -- 07/16/15 -- SolarWinds (NYSE: SWI), a leading provider of powerful and affordable IT management software, today reported results for its second quarter ended June 30, 2015.
Financial Results
Total revenue for the second quarter of $119.1 million on a reported basis and $125.0 million on a constant currency basis, representing 17% year-over-year growth on a reported basis and 23% year-over-year growth on a constant currency basis. Record recurring revenue for the second quarter of $80.5 million on a reported basis, comprising maintenance revenue of $67.6 million and subscription revenue of $12.9 million, and $85.3... More