SolarWinds (SWI) Misses Q4 EPS by 2c, Offers Guidance
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SolarWinds Announces Fourth Quarter and Full Year 2022 Results
February 9, 2023 8:00 AM ESTAUSTIN, Texas--(BUSINESS WIRE)-- SolarWinds Corporation (NYSE: SWI), a leading provider of simple, powerful, secure observability and IT management software, today reported results for its fourth quarter and full year ended December 31, 2022.
Fourth Quarter 2022 Financial Highlights
Total revenue for the fourth quarter of $187.1 million, representing 0.2% year-over-year growth on a reported basis and 2.2% year-over-year growth on a constant currency basis, and total recurring revenue representing 88% of total revenue.1 Net loss for the fourth quarter of $10.4 million. Adjusted EBITDA for the fourth quarter of $74.5 million,... More