SolarWinds's (NYSE: SWI ) business performance in recent quarters can be characterized by muted growth yet strong profitability and FCF generation. This resulted in the company declaring a special dividend of $1 per share which was paid An individual investor primarily focused on undercovered companies, with more than 50 companies on my watchlist. My areas include technology, software, electronics and the energy transition. I have been investing my personal capital for over 7 years in a broad range of compa ...

RESTON, Va., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, today announced that it has received the Public Sector Excellence in Marketing Award from SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software. The award was announced at SolarWinds' Transform Partner Summit, and recognized Carahsoft for its success in driving demand for SolarWinds' solutions. Award recipients were evaluated base ...

NEW YORK, Aug. 6, 2024 /PRNewswire/ -- SolarWinds Corp. (NYSE: SWI) will replace SunPower Corp. (NASD: SPWR) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, August 9. SunPower has filed for Chapter 11 bankruptcy and is no longer eligible for continued inclusion in the S&P SmallCap 600. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company NameTicker GICS Sector August 9, 2024S&P Sma ...

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 June 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 jurisdict ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2024 was $193 million, representing a year-over-year growth of 4% and exceeding the high end of the guidance range [6][15] - Subscription revenue grew by 31% year-over-year, reaching $70 million, while total ARR increased by 7% year-over-year to $705 million [7][15] - Adjusted EBITDA for Q2 2024 was $92.5 million, reflecting a 17% year-over-year growth and an adjusted EBITDA margin of 48% [17] Business Line Data and Key Metrics Changes - Subscription ARR grew by 36% year-over-year, reaching $270 million, with a maintenance renewal rate of 97% [7][15] - Maintenance revenue decreased by 5% year-over-year to $110 million, as the company continued to convert customers to subscription products [16] - License revenue was $13 million, down 17% from the previous year, impacted by the subscription-first strategy [17] Market Data and Key Metrics Changes - The company reported a strong performance in hybrid cloud observability solutions, surpassing $100 million in total ARR for this segment [7] - The customer base included 1,042 customers with over $100,000 in total ARR, marking a 16% growth year-over-year [15] Company Strategy and Development Direction - The company is focused on a subscription-first strategy, emphasizing customer success and product innovation to drive growth [5][6] - Ongoing product enhancements aim to improve productivity, reduce complexity, and lower costs for customers [8][10] - The company is committed to expanding its hybrid visibility solutions and investing selectively while maintaining expense discipline [13] Management's Comments on Operating Environment and Future Outlook - Management noted that there has been no significant change in the macro environment from Q1 to Q2, with a strong value proposition resonating with customers [25] - The company is confident in its ability to meet financial goals for the remainder of 2024, raising revenue guidance for the full year to a range of $778 million to $788 million [20][22] - Management expressed optimism about the ongoing transformation efforts and the ability to adapt to evolving customer needs [23] Other Important Information - The company refinanced its debt in July 2024, reducing the interest rate by 50 basis points and extending the maturity to February 2030 [18] - Bart Kalsu, the CFO, announced his departure, with Lewis Black set to take over the role [14] Q&A Session Summary Question: What did you see during the quarter regarding the macro environment? - Management indicated no meaningful difference in the macro environment from Q1 to Q2, with strong customer value propositions driving performance [25] Question: How significant is the hybrid cloud observability solution for large customers? - Management stated that the hybrid cloud observability solution is a significant driver for customer adoption, particularly for larger enterprises [30] Question: Why is the Q3 guidance lower than the first half growth? - Management explained that the guidance is consistent with previous performance and reflects a prudent approach to forecasting [31] Question: What gives confidence to raise guidance despite others cutting it? - Management cited strong internal demand and the value customers see in their products as reasons for raising guidance [37] Question: Is there an increase in the pace of maintenance to subscription migration? - Management confirmed that they are achieving their plans and expanding market opportunities, with consistent results across geographies [38]

y SOLARWINDS of 0+ unning minutu 幅 (ț X ODD D ( 4> SolarWinds Investor Presentation Second Quarter 2024 August 1, 2024 f തि 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 ...

For the quarter ended June 2024, SolarWinds (SWI) reported revenue of $193.25 million, up 4.4% over the same period last year. EPS came in at $0.26, compared to $0.21 in the year-ago quarter. The reported revenue represents a surprise of +2.51% over the Zacks Consensus Estimate of $188.53 million. With the consensus EPS estimate being $0.22, the EPS surprise was +18.18%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...

Group 1: Earnings Performance - SolarWinds reported quarterly earnings of $0.26 per share, exceeding the Zacks Consensus Estimate of $0.22 per share, and up from $0.21 per share a year ago, representing an earnings surprise of 18.18% [1] - The company has surpassed consensus EPS estimates for four consecutive quarters [2] - SolarWinds posted revenues of $193.25 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 2.51%, and up from $185.03 million year-over-year [2] Group 2: Stock Performance and Outlook - SolarWinds shares have declined approximately 4.5% since the beginning of the year, while the S&P 500 has gained 15.8% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the earnings outlook [4][6] - The current consensus EPS estimate for the upcoming quarter is $0.25 on revenues of $194.23 million, and for the current fiscal year, it is $1.03 on revenues of $778.91 million [7] Group 3: Industry Context - The Internet - Software industry, to which SolarWinds belongs, is currently ranked in the top 36% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact SolarWinds' stock performance [5]

Exhibit 99.1 SolarWinds Announces Second Quarter 2024 Results AUSTIN, Texas - August 1, 2024 - SolarWinds Corporation (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today reported results for its second quarter ended June 30, 2024. Second Quarter Financial Highlights • Total revenue for the second quarter of $193.3 million, representing 4% year-over-year growth, and total recurring revenue representing 93% of total revenue. • Net income for the second qu ...

Thesis: valentinrussanov/E+ via Getty Images Influencing the market with its IT management software, SolarWinds has been turning its focus toward integrated AI technologies and subscription-based models lately. As we speak, the strategic repositioning of SolarWinds is in line with the overall trend of automation solutions and recurring revenue streams in the IT sector. Hence, SolarWinds can improve operational efficiency and customer satisfaction while also intelligently managing potential data security ris ...