SolarWinds Announces Third Quarter 2018 Results
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SolarWinds (SWI) Reports Q3 EPS of $0.17 on Revenues of $213.28M; Offers FY18 EPS/Revenue Guidance
November 13, 2018 4:23 PM ESTSolarWinds (NYSE: SWI) reported Q3 EPS of $0.17. Revenue for the quarter came in at $213.28 million.
Our third quarter 2018 results illustrate the progress we have made in our business since going private in early 2016. Third quarter non-GAAP total revenue of $214.0 million, representing year-over-year growth of 12%, highlights the large scale we have achieved. Non-GAAP recurring revenue of $170.3 million grew 13% year-over-year and represented 80% of total non-GAAP revenue. This significant mix shift toward recurring revenue reflects the combination of the large,... More
