SolarWinds (SWI) Reports In-Line Q1 EPS, Revenues Beat; Offers 2Q EPS/Revenue Guidance
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SolarWinds Announces First Quarter 2020 Results
April 30, 2020 4:05 PM EDTAUSTIN, Texas--(BUSINESS WIRE)-- SolarWinds Corporation (NYSE: SWI), a leading provider of powerful and affordable IT management software, today reported results for its first quarter ended March 31, 2020.
On a GAAP basis:
Total revenue for the first quarter of $247.0 million, representing 14.4% growth on a reported basis. Total recurring revenue for the first quarter of $210.0 million, representing 18.1% growth on a reported basis. Total recurring revenue includes: Maintenance revenue for the first quarter of $116.3 million, representing 9.5% growth on a reported basis. Subscription revenue for... More