SolarWinds (SWI) Tops Q3 EPS by 4c, Revenues Beat; Offers 4Q EPS/Revenue Guidance Above Consensus
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SolarWinds Announces Third Quarter 2020 Results
October 27, 2020 4:05 PM EDTAUSTIN, Texas--(BUSINESS WIRE)-- SolarWinds Corporation (NYSE: SWI), a leading provider of powerful and affordable IT management software, today reported results for its third quarter ended September 30, 2020.
On a GAAP basis:
Total revenue for the third quarter of $261.0 million, representing 8.5% growth on a reported basis. Total recurring revenue for the third quarter of $221.7 million, representing 12.6% growth on a reported basis. Total recurring revenue includes: Maintenance revenue for the third quarter of $121.1 million, representing 6.5% growth on a reported basis. Subscription revenue for the... More