SolarWinds (SWI) Tops Q1 EPS by 2c; Offers FY22 Guidance
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SolarWinds Announces First Quarter 2022 Results
May 5, 2022 8:00 AM EDTAUSTIN, Texas--(BUSINESS WIRE)-- SolarWinds Corporation (NYSE: SWI), a leading provider of simple, powerful, and secure IT management software, today reported results for its first quarter ended March 31, 2022.
First Quarter Financial Highlights From Continuing Operations
Total revenue for the first quarter of $176.9 million, representing 1.7% year-over-year growth and total recurring revenue representing 87.2% of total revenue.1 Net loss for the first quarter of $4.7 million. Adjusted EBITDA for the first quarter of $68.8 million, representing a margin of... More