SolarWinds (SWI) Tops Q2 EPS by 1c, Offers Guidance

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Go back to SolarWinds (SWI) Tops Q2 EPS by 1c, Offers Guidance

SolarWinds Announces Second Quarter 2022 Results

August 2, 2022 8:00 AM EDT

AUSTIN, Texas--(BUSINESS WIRE)-- SolarWinds Corporation (NYSE: SWI), a leading provider of simple, powerful, and secure IT management software, today reported results for its second quarter ended June 30, 2022.

Second Quarter Financial Highlights from Continuing Operations

Total revenue for the second quarter of $176.0 million, representing a slight decline year-over-year on a reported basis and 2% year-over-year growth on a constant currency basis, and total recurring revenue representing 86% of total revenue.1 Net loss for the second quarter of $622.1 million, which includes $621.8 million in impairment... More