The company creates products that can power the secure monitoring and management of IT environments in multi-cloud or hybrid environments. Its overall goal is to help their customers strengthen and transform their businesses' digital capabilities with simple and secure solutions. SolarWinds' Industry Competition Datadog (DDOG) Dynatrace (DT) New Relic Quest Redgate SolarWinds generates revenue from fees for subscriptions to its software-as-a-service (SaaS) and time-based license agreements. Maintenance and ...

Shares of SolarWinds (SWI) have gained 7.8% over the past four weeks to close the last trading session at $11.88, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $15.36 indicates a potential upside of 29.3%. The mean estimate comprises seven short-term price targets with a standard deviation of $4.85. While the lowest estimate of $11.50 indicates a 3.2% decline from the current ...

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 March 31, 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 jurisdic ...

SolarWinds Corporation (NYSE:SWI) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Tim Karaca - Group Vice President of Finance Sudhakar Ramakrishna - President and Chief Executive Officer Bart Kalsu - Chief Financial Officer Conference Call Participants Matt Hedberg - RBC Capital Markets Sanjit Singh - Morgan Stanley Pinjalim Bora - JPMorgan Miller Jump - Truist Securities Operator Thank you for standing by. My name is Kathleen and I will be your conference operator today. At th ...

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, the SolarWinds Platform, our product development in 2024 and beyond, expectations regarding customer retention, revenue growth and market expansion, and the impact of the global econo ...

Exhibit 99.1 SolarWinds Announces First Quarter 2024 Results AUSTIN, Texas - May 2, 2024 - SolarWinds Corporation (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today reported results for its first quarter ended March 31, 2024. First Quarter Financial Highlights • Total revenue for the first quarter of $193.3 million, representing 4% year-over-year growth, and total recurring revenue representing 93% of total revenue. • Net income for the first quarter o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 jurisdiction ...

SolarWinds Corp (NYSE:SWI) Q4 2023 Earnings Conference Call February 8, 2024 8:30 AM ET Company Participants Tim Karaca - Vice President, Strategic Finance and Investor Relations Sudhakar Ramakrishna - President and Chief Executive Officer Barton Kalsu - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Robert Oliver - Baird Matthew Hedberg - RBC Capital Markets Jaiden Patel - JPMorgan Erik Suppiger - JMP Securities Operator Good morning. My name is Jeannie and I w ...

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, 2023 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 ...

Financial Data and Key Metrics - Q3 subscription revenue was $59 million, up 39% YoY, driven by the success of the subscription-first strategy and multi-year arrangements [3] - Maintenance revenue was $116 million in Q3, up 2% YoY, attributed to high renewal rates and price increases implemented at the start of the year [3] - Total revenue for Q3 was $190 million, a 6% increase YoY, exceeding the guidance range of $182-186 million [30] - Adjusted EBITDA for Q3 was $85 million, representing a 45% margin and a 21% YoY growth, the highest since Q4 2020 [25] - Non-GAAP fully diluted EPS is projected to be $0.83-$0.85 for the full year, assuming 166.4 million fully diluted shares outstanding [5] - Total ARR reached $668 million, up 8% YoY, with subscription ARR at $213 million, up 34% YoY [30] Business Line Data and Key Metrics - Subscription revenue growth reflects the ongoing success of the subscription-first strategy, with a higher percentage of new deals sold as subscriptions [3] - Hybrid Cloud Observability solution continues to gain widespread adoption, helping customers reduce tool sprawl and alert fatigue through AIOps services [26] - The company launched an upgraded version of its Database Performance Monitoring and DataOps solution, SQL Sentry, enhancing customers' ability to prevent database performance issues [27] - The Transform Partner Program was updated to accelerate growth and revenue for partners, with new opportunities for channel offerings and specialized options for database and ITSM products [68] Market Data and Key Metrics - The company's customer base is diversified across sizes and industries, with 955 customers spending over $100,000 in the last 12 months, an 8% increase YoY [25] - The Federal segment remains a strong area of growth, with continued expansion and high customer loyalty [9] - The SME sector shows robust demand, with mid-market customers investing in solutions to reduce complexity and improve productivity [10] - The company sees consistent demand across North America, Europe, and APAC, with transaction counts increasing despite macro challenges in EMEA [65] Company Strategy and Industry Competition - The company is focused on driving subscription adoption, improving profitability, and retaining customers through its subscription-first strategy [28] - The Hybrid Cloud Observability and SolarWinds Observability solutions are positioned as the most comprehensive AI-powered full-stack observability solutions in the industry [26] - The company is committed to public-private partnerships to improve cybersecurity and respond to cyberattacks, despite concerns about the SEC's actions [6] - The company is making selective investments in its product portfolio and go-to-market strategies, which are starting to yield results [39] Management Commentary on Operating Environment and Future Outlook - The company believes it is well-positioned to achieve its fiscal year goals and enter 2024 with strong momentum, despite macroeconomic challenges [2] - The company expects to grow its top-line in 2023, driven by an expanded product portfolio, improved execution, and strong customer renewal rates [4] - The company is focused on improving its profitability profile and maintaining expense discipline in a challenging macro environment [4] - The company raised its full-year revenue guidance to $749-753 million, representing 4% YoY growth, and adjusted EBITDA guidance to $322-324 million, representing 15% YoY growth [71] Other Important Information - The company received multiple industry awards, including the 2023 Cloud Security Award for the best security infrastructure in enterprise and the Gold Global Award as Most Innovative Company of the Year in the cloud SaaS category [58] - The company is working to reduce its net leverage ratio, which improved to 3.2x trailing 12-month adjusted EBITDA, down from 3.9x at the end of the previous year [32] - The company expects to pay approximately $8 million in cash taxes during Q4, with a non-GAAP tax rate of 26% [33] Q&A Session Summary Question: Drivers of growth in larger customers (spending over $100,000) - The company attributes the growth to delivering greater value to customers, including eliminating tool sprawl and consolidating vendor tools onto the SolarWinds Platform [74] Question: Public sector and Federal customer demand in Q3 - The company saw good demand in Q3, with some deals slipping into Q4 due to continuing resolution issues, but overall results were strong, reflecting the diversity and robustness of solutions across all verticals [9] Question: SME market health and customer spending trends - The SME sector shows robust demand, with mid-market customers investing in solutions to reduce complexity and improve productivity, while large enterprise deals face longer approval cycles [10] Question: New ESM product reception and typical customer profile - The new Enterprise Service Management (ESM) product is aimed at mid-market customers, particularly those where the CIO plays a significant role in technology decisions [78] Question: Potential upside in Q4 due to budget flushes - The company is cautious in its Q4 guidance due to macro headwinds but plans to exceed the guidance, with potential upside from budget flushes [63] Question: Vertical performance in Q3 - The company saw consistent results across all verticals, with traditional traction in the Federal segment despite government shutdown-related issues [67] Question: Net new ARR contribution from migrations and growth portfolio - The company noted that migrations often involve customer expansion, with consolidation of tool sprawl and preparation for the cloud contributing to ARR growth [50]