SolarWinds Q3 Earnings: Subscription Gains Drive Revenue, Raises Full-Year Forecast

SolarWinds Corp (NYSE:SWI) reported a fiscal third-quarter 2024 revenue growth of 6% year-on-year to $200.03 million, beating the analyst consensus estimate of $194.04 million. 

Adjusted EPS of 27 cents beat the analyst consensus estimate of 25 cents. The stock price gained after the print.

Maintenance revenue declined 5% year-over-year at $110.63 million. Subscription revenue climbed 30.1% year-over-year to $76.46 million, while License revenue declined 10.3% to $12.93 million.

Also Read: