SolarWinds Corp (N:SWI)
Business Focus: Enterprise Software
| Sector: Technology | Industry: Software |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 7171 Southwest Pkwy Bldg 400 AUSTIN TX 78735-0002 |
| Tel: | N/A |
| Website: | https://www.solarwinds.com |
| IR: | See website |
| Key People | ||
| Sudhakar Ramakrishna President, Chief Executive Officer, Director | J. Barton Kalsu Chief Financial Officer, Executive Vice President, Treasurer | Jason W. Bliss Executive Vice President, Chief Administrative Officer, Secretary |
| Andrea Webb Executive Vice President, Chief Customer Officer | Brian Goldfarb Chief Marketing Officer | |
| Business Overview |
| SolarWinds Corporation is a provider of observability and information technology (IT) management software. The Company provides solutions for observability, IT service management, application performance, and database management. The Company's solutions provide organizations worldwide with a comprehensive and unified view of distributed and hybrid network environments. It engages IT service and operations professionals, DevOps and SecOps professionals, and database administrators (DBAs) to understand the challenges they face in maintaining IT infrastructures, applications, and environments. Its products are designed to monitor and manage networks, systems, databases, and applications across on-premises, multi-cloud, and hybrid IT environments without the need for customization or, in most cases, professional services. In addition, the Company's IT service management solutions provide complementary cloud-based and on-premises service desk management capabilities. |
| Financial Overview |
| For the three months ended 31 March 2024, SolarWinds Corp revenues increased 4% to $193.3M. Net income totaled $15.6M vs. loss of $5.6M. Revenues reflect Subscription increase of 26% to $68.8M. Net Income reflects Sales and marketing decrease of 17% to $54.9M (expense), Interest expense, net decrease of 6% to $26.8M (expense), Amortization of acquired intangibles decrease of 11% to $11.5M (expense). |
| Employees: | 2,077 as of Mar 31, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,850M as of Mar 31, 2024 |
| Annual revenue (TTM): | $766.08M as of Mar 31, 2024 |
| EBITDA (TTM): | $267.49M as of Mar 31, 2024 |
| Net annual income (TTM): | $12.07M as of Mar 31, 2024 |
| Free cash flow (TTM): | $199.37M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $892.25M as of Mar 31, 2024 |
| Shares outstanding: | 168,191,919 as of Apr 30, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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