SolarWinds (SWI) Tops Q1 EPS by 3c
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SolarWinds Announces First Quarter 2019 Results
April 24, 2019 4:06 PM EDTAUSTIN, Texas, April 24, 2019 (GLOBE NEWSWIRE) -- SolarWinds Corporation (NYSE: SWI), a leading provider of powerful and affordable IT management software, today reported results for its first quarter ended March 31, 2019.
On a GAAP basis, reflecting our adoption of the new standard ASC 606 effective January 1, 2019:
Total revenue for the first quarter of $215.8 million, representing 9.6% growth on a reported basis.Total recurring revenue for the first quarter of $177.9 million, representing 11.1% growth on a reported basis.Net income for the first quarter of $3.1 million.On a non-GAAP... More
