SolarWinds (SWI) Tops Q4 EPS by 2c, Revenues Miss; Offers Q1 & FY20 EPS/Revenue Outlook
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SolarWinds Announces Fourth Quarter 2019 Results
February 4, 2020 4:05 PM ESTCompany also announces the appointment of Easwaran Sundaram to its Board of Directors
AUSTIN, Texas--(BUSINESS WIRE)-- SolarWinds Corporation (NYSE: SWI), a leading provider of powerful and affordable IT management software, today reported results for its fourth quarter ended December 31, 2019.
On a GAAP basis, reflecting our adoption of the new standard ASC 606 effective January 1, 2019:
Total revenue for the fourth quarter of $247.5 million, representing 11.9% growth on a reported basis. Total recurring revenue for the fourth quarter of $202.9 million, representing 16.0% growth on a reported basis. Total recurring revenue... More