SolarWinds (SWI) Tops Q2 EPS by 5c

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Go back to SolarWinds (SWI) Tops Q2 EPS by 5c

SolarWinds Announces Second Quarter 2020 Results

August 6, 2020 4:05 PM EDT

AUSTIN, Texas--(BUSINESS WIRE)-- SolarWinds Corporation (NYSE: SWI), a leading provider of powerful and affordable IT management software, today reported results for its second quarter ended June 30, 2020.

On a GAAP basis:

Total revenue for the second quarter of $246.0 million, representing 7.5% growth on a reported basis. Total recurring revenue for the second quarter of $212.3 million, representing 12.0% growth on a reported basis. Total recurring revenue includes: Maintenance revenue for the second quarter of $116.5 million, representing 5.1% growth on a reported basis. Subscription revenue for the... More