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SolarWinds Corporation (SWI)
NYSE:SWI
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.27Last Year’s EPS
0.24Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 07, 2019
|% Change Since: 13.12%
|Next Earnings Date:Nov 13, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong subscription revenue growth, robust customer retention, and significant achievements in expanding SolarWinds' observability solutions. Despite a challenging IT spending environment and declines in maintenance and license revenue, the company delivered strong financial results and raised its revenue guidance, indicating a positive outlook.Company Guidance
During the SolarWinds Q3 2024 earnings call, the company reported exceeding their guidance across key metrics, showcasing a robust financial performance. Total revenue reached $200 million, representing a 6% year-over-year growth, with subscription revenue seeing a significant 30% increase. The company highlighted strong customer retention, with a maintenance renewal rate of 96% for the quarter and 97% on a trailing 12-month basis. SolarWinds also noted an 8% year-over-year increase in total ARR, totaling $724 million, and achieved an adjusted EBITDA of $96 million, reflecting a 13% growth with a margin of 48%. The company continues to focus on its subscription-first strategy, as evidenced by the 36% growth in subscription ARR. Additionally, SolarWinds is optimistic about their future prospects, expecting Q4 revenue to be between $201 million and $204 million, with full-year revenue projected to grow by 4% year-over-year at the midpoint.Strong Subscription Revenue Growth
SolarWinds reported a 30% year-over-year increase in subscription revenue and a 36% growth in subscription ARR for Q3 2024, driven by their subscription-first strategy.
Robust Customer Retention Metrics
The company maintained a trailing 12-month maintenance renewal rate of 97%, indicating strong customer loyalty and satisfaction.
Record Adjusted EBITDA
SolarWinds achieved an adjusted EBITDA of $96 million, representing a 13% year-over-year growth with 48% margins.
Expansion of Observability Solutions
Key updates to the SolarWinds Observability offerings were announced, improving system scalability and supporting Azure and AWS workloads, leading to a significant reduction in total cost of ownership for customers.
Positive Financial Guidance
The company raised its full-year revenue guidance to $788 million to $791 million, representing 4% year-over-year growth.
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SWI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SWI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $12.42 | $13.08 | +5.31% |
| Aug 01, 2024 | $11.93 | $11.60 | -2.77% |
| May 02, 2024 | $11.07 | $11.58 | +4.61% |
| Feb 08, 2024 | $11.45 | $12.22 | +6.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SolarWinds Corporation (SWI) report earnings?
SolarWinds Corporation (SWI) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is SolarWinds Corporation (SWI) earnings time?
SolarWinds Corporation (SWI) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SWI EPS forecast?
SWI EPS forecast for the fiscal quarter 2024 (Q4) is 0.27.
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