SolarWinds Announces Third Quarter 2020 Results
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SolarWinds (SWI) Tops Q3 EPS by 4c, Revenues Beat; Offers 4Q EPS/Revenue Guidance Above Consensus
October 27, 2020 4:11 PM EDTSolarWinds (NYSE: SWI) reported Q3 EPS of $0.28, $0.04 better than the analyst estimate of $0.24. Revenue for the quarter came in at $261.3 million versus the consensus estimate of $256.61 million.
On a non-GAAP basis:
Non-GAAP total revenue for the third quarter of $261.3 million, representing 7.7% year-over-year growth on a reported basis and 6.5% year-over-year growth on a constant currency basis.Non-GAAP total recurring revenue for the third quarter of $222.0 million, representing 11.5% year-over-year growth on a reported basis and 10.2% year-over-year growth on a constant currency basis. Non-GAAP total recurring revenue includes:Non-GAAP maintenance revenue for the third... More