SolarWinds (SWI) shares ended the last trading session 21.8% higher at $18.31. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.9% gain over the past four weeks.SolarWinds is benefiting from its Subscription First strategy, which has driven strong subscription and ARR growth, increased adoption of its Observability solutions, high customer retention, and a broad, diversified customer base, all contributing to sust ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? SolarWinds (SWI) , which belongs to the Zacks Internet - Software industry, could be a great candidate to consider.When looking at the last two reports, this provider of information-technology management software has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 13.09%, on average, in the last two quarte ...

I recommended a hold rating for SolarWinds Corporation (NYSE: SWI ) when I wrote about it in September last year, as I was concerned about the near-term growth outlook. Based on my current outlook and analysis, I recommendI consider an investment ideal if it performs its core business in a sector projected to experience structural (organic) growth in excess of GDP growth over the next 5-10 years; profits from sustainable competitive advantages that translate into attractive unit economics; In the hands of c ...

Have you been paying attention to shares of SolarWinds (SWI) ? Shares have been on the move with the stock up 6% over the past month. The stock hit a new 52-week high of $14.03 in the previous session. SolarWinds has gained 12% since the start of the year compared to the 29.4% move for the Zacks Computer and Technology sector and the 27.4% return for the Zacks Internet - Software industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our e ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38711 SolarWinds Corporation (Exact name of registrant as specified in its charter) Delaware 81-0753267 (State or other juri ...

000 SOLARWINDS 00000000 SolarWinds Investor Presentation Third Quarter 2024 October 31, 2024 f ODD f 島 D (2) ({} % छि @ Safe Harbor and Other Information Forward-Looking Statements This presentation and the accompanying oral presentation contain "forward-looking" statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding our financial outlook, our market opportunities, our evolution to a subscription-first mentality, th ...

Financial Data and Key Metrics Changes - In Q3 2024, total revenue reached $200 million, reflecting a 6% year-over-year growth, exceeding the high end of the guidance range [11][29] - Subscription revenue grew by 30% year-over-year, totaling $76 million, while subscription ARR increased by 36% to $289 million [11][30] - Adjusted EBITDA for Q3 was $96 million, representing a 13% year-over-year growth with a margin of 48% [12][35] - Total ARR at the end of Q3 was $724 million, an 8% increase year-over-year, with a maintenance renewal rate of 96% for the quarter [12][30] Business Line Data and Key Metrics Changes - The Observability solution saw increased adoption, contributing to revenue growth, with significant updates announced on October 2nd [9][18] - Maintenance revenue declined by 5% year-over-year to $111 million, as the company continues to convert customers to subscription products [32] - License revenue decreased by 10% to $13 million, impacted by the Subscription First strategy [34] Market Data and Key Metrics Changes - The company reported a balanced deal size across regions and market segments, indicating low customer concentration and criticality of solutions [10] - The customer base includes 1,100 customers with over $100,000 in total ARR, marking an 18% growth year-over-year [30] Company Strategy and Development Direction - The company is focused on a Subscription First strategy, aiming to enhance customer success and retention while expanding profitability [26][41] - Investments are being made selectively to drive growth while maintaining expense discipline [26][84] - The company aims to address the Hybrid Observability gap, providing unified visibility across on-premises and cloud environments [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving business and financial goals despite a challenging IT spending environment [28] - The demand environment remains stable, with growth driven by both existing customers and new customer acquisitions [60] - The company anticipates continued strong performance in Q4 2024, supported by a diversified customer base and robust solutions [41][42] Other Important Information - The company has transitioned to a model where 94% of total revenue is now recurring [33] - The net leverage ratio improved to approximately 2.8 times trailing 12-month adjusted EBITDA [36] Q&A Session Summary Question: Insights on product traction and partner activity - Management noted that customers are looking to bridge on-premises and cloud divides, leading to increased traction across various solutions [49] Question: Thoughts on financial model and topline growth - The new CFO highlighted the effectiveness of the business model and the alignment with market needs, emphasizing a long-term growth strategy [52][54] Question: Demand environment and growth trends - Management confirmed stable demand with a diversified customer base contributing to growth, while remaining prudent about future quarters [60][61] Question: Insights on new Chief Revenue Officer's impact - The new Chief Revenue Officer is expected to enhance the go-to-market model without major strategic shifts, focusing on partnerships and market reach [68][70] Question: Pricing strategy for Gen AI and Observability - Management indicated that Gen AI capabilities are part of premium packages, leading to automatic ASP uplift, but consumption-based pricing models are still under consideration [72][74] Question: Drivers behind the increase in $100K customers - The increase is attributed to ongoing subscription conversions, a unified Observability solution, and selective upstream customer requirements [78][79] Question: Consolidation theme in sales - Both proactive outreach and renewal cycles are driving consolidation discussions, supported by a strong customer success team [82] Question: Balancing margin and investment in growth - The company aims to balance growth and profitability, focusing on investments that yield clear returns while maintaining efficiency [89]

For the quarter ended September 2024, SolarWinds (SWI) reported revenue of $200.03 million, up 5.5% over the same period last year. EPS came in at $0.27, compared to $0.23 in the year-ago quarter.The reported revenue represents a surprise of +3.06% over the Zacks Consensus Estimate of $194.09 million. With the consensus EPS estimate being $0.25, the EPS surprise was +8.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

SolarWinds (SWI) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 8%. A quarter ago, it was expected that this provider of information-technology management software would post earnings of $0.22 per share when it actually produced earnings of $0.26, delivering a surprise of 18.18%. Ove ...

Exhibit 99.1 SolarWinds Announces Third Quarter 2024 Results AUSTIN, Texas - October 31, 2024 - SolarWinds Corporation (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today reported results for its third quarter ended September 30, 2024. Third Quarter Financial Highlights • Total revenue for the third quarter of $200.0 million, representing 6% year-over-year growth, and total recurring revenue representing 94% of total revenue. • Net income for the third ...