SolarWinds (SWI) Tops Q1 EPS by 3c, Revenues Beat; Offers 2Q Revenues Guidance Above Consensus, 2Q EPS Views Below Consensus
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SolarWinds Announces First Quarter 2021 Results
April 29, 2021 8:00 AM 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, 2021.
On a GAAP basis:
Total revenue for the first quarter of $256.9 million, representing 4.0% year-over-year growth. Total recurring revenue for the first quarter of $232.0 million, representing 10.5% year-over-year growth. Total recurring revenue includes: Maintenance revenue for the first quarter of $123.0 million, representing 5.8% year-over-year growth. Subscription revenue for the first quarter of $109.0 million, representing 16.4% year-over-year... More