SolarWinds (SWI) Misses Q3 EPS by 3c, Offers Guidance

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SolarWinds Announces Third Quarter 2022 Results

November 3, 2022 7:30 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 third quarter ended September 30, 2022.

Third Quarter Financial Highlights from Continuing Operations

Total revenue for the third quarter of $179.4 million, representing a slight decline year-over-year on a reported basis and 1% year-over-year growth on a constant currency basis, and total recurring revenue representing 87% of total revenue.1 Net loss for the third quarter of $292.2 million, which includes $284.6 million in impairment... More