SolarWinds Announces Third Quarter 2019 Results
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SolarWinds (SWI) Tops Q3 EPS by 1c, Revenues Miss; Provides FY19 EPS Guidance Above Consensus, FY19 Revenue Views Below Consensus, Affirms Q4 Outlook
October 30, 2019 5:37 PM EDTSolarWinds (NYSE: SWI) reported Q3 EPS of $0.21, $0.01 better than the analyst estimate of $0.20. Revenue for the quarter came in at $242.7 million versus the consensus estimate of $243.71 million.
We had a solid third quarter that included non-GAAP total revenue of $242.7 million, representing constant currency growth of 15% and Adjusted EBITDA of $115.0 million, representing a margin of 47%, said Kevin Thompson, SolarWinds President & Chief Executive Officer. We are pleased with how our business has performed through the first nine months of the year. Non-GAAP total revenue has grown 14% on a constant currency basis reflecting the solid... More
