SWI Stock Recent News

Company Recognized for Exceptional Marketing Efforts and Outcomes Within the Public Sector Market Company Recognized for Exceptional Marketing Efforts and Outcomes Within the Public Sector Market

SolarWinds Corporation (NYSE:SWI ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Tim Karaca - Group Vice President of Finance Sudhakar Ramakrishna - President & Chief Executive Officer Bart Kalsu - Chief Financial Officer Conference Call Participants Pinjalim Bora - JPMorgan Miller Jump - Truist Securities Sanjit Singh - Morgan Stanley Operator Thank you for standing by. My name is Alex and I will be your conference operator today.

Although the revenue and EPS for SolarWinds (SWI) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

SolarWinds (SWI) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.21 per share a year ago.

AUSTIN, Texas--(BUSINESS WIRE)--SolarWinds Corporation (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today reported results for its second quarter ended June 30, 2024. Second Quarter Financial Highlights Total revenue for the second quarter of $193.3 million, representing 4% year-over-year growth, and total recurring revenue representing 93% of total revenue. Net income for the second quarter of $11.1 million. Adjusted EBITDA for the second.

SolarWinds has launched SolarWinds AI and advanced Database Performance Analyzer capabilities, aiming to automate IT transitions, optimize database performance, and reduce downtime, thereby improving customer satisfaction. In Q1 2024, SolarWinds achieved a 4% increase in revenue to $193.31 million, driven by the shift to subscription models and strong sales of its IT management solutions, despite fluctuations. SolarWinds' market share price has shown volatility over the past year but has been trending positively, reflecting investor confidence in the company's strategic decisions and improved financial performance, positioning it.

SolarWinds Corp. is a provider of observability and information technology (IT) infrastructure management software. The process of observability employs software to monitor applications and networks, analyze problems, and resolve issues in an automated, efficient, and timely manner so that businesses can operate with fewer IT-related interruptions.

AUSTIN, Texas--(BUSINESS WIRE)--SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today released the findings from its 2024 IT Trends Report, AI: Friend or Foe? The report, based on a survey of nearly 700 IT professionals about their views on artificial intelligence (AI), found that despite a near-unanimous desire to adopt AI technology, very few respondents have confidence in their organization's readiness to integrate AI, pointing.

AUSTIN, Texas--(BUSINESS WIRE)--SolarWinds (NYSE:SWI), a leading provider of simple, powerful, secure observability and IT management software, today announced the appointment of Lewis Black as its Executive Vice President, Chief Financial Officer, and Treasurer to be effective in August 2024. Black brings over 25 years of experience in the information technology space, having served in financial and operational roles at AT&T, Lucent Technologies, Avaya, and Citrix. He most recently served.

The mean of analysts' price targets for SolarWinds (SWI) points to a 29.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.