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Solarwinds Corp  (SWI)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $11.6200 $0.08 0.693%
Day's High: $11.63 Week Perf: -0.34 %
Day's Low: $ 11.40 30 Day Perf: -3.57 %
Volume (M): 387 52 Wk High: $ 13.43
Volume (M$): $ 4,500 52 Wk Avg: $11.17
Open: $11.41 52 Wk Low: $8.83



 Market Capitalization (Millions $) 1,989
 Shares Outstanding (Millions) 171
 Employees 2,147
 Revenues (TTM) (Millions $) 766
 Net Income (TTM) (Millions $) 12
 Cash Flow (TTM) (Millions $) 175
 Capital Exp. (TTM) (Millions $) 20

Solarwinds Corp
SolarWinds is a major provider of information technology (IT) management software that is easy, powerful, and secure. Our solutions empower enterprises throughout the world, regardless of size, type, or complexity, to drive business transformation in todays hybrid IT environments. To build our business while still creating considerable cash flow, we mix customer-driven goods with a "inside-first" sales methodology.
Our company is dedicated to developing technologies that help IT professionals manage "all things IT." We work with IT professionals on a regular basis to understand the problems they confront in sustaining high-performing and highly available IT infrastructures, whether on-premises, in the cloud, or both. The insights we receive from interacting with IT professionals enable us to create products that address well-understood IT management concerns in ways that technology cannot.

Our approach, which we call the 'SolarWinds Model,' enables us to market and sell our products directly to network and systems engineers, database administrators, storage administrators, DevOps, SecOps and service desk professionals. These technology professionals have become empowered to influence the selection, and often the purchase, of products needed to rapidly solve the problems they confront. We also have the opportunity to engage in conversations at a more strategic level with senior leaders and C-suite executives in charge of IT environments and business applications.
We serve the entire IT market uniquely and efficiently with our SolarWinds Model. Technology professionals use our products in organizations ranging in size from very small businesses to large enterprises. Our products are designed to do the complex work of monitoring and managing networks, systems, databases and applications across on-premises, cloud and hybrid IT environments without the need for customization or professional services. Many of our products are built on common technology platforms that enable our customers to easily purchase and deploy our products individually or as an integrated offering as their needs evolve. We utilize a cost-efficient, integrated global product development model and have expanded our offerings over time through both organic development and strategic acquisitions.
We market and sell our products directly to technology professionals primarily through a high-velocity, low-touch, digital marketing and direct inside sales approach that we call 'selling from the inside.' We have built a highly flexible and analytics-driven marketing model designed to efficiently drive website traffic and high-quality leads. Our sales team uses a prescriptive approach designed to manage these leads and quickly sell our products pursuant to our standard pricing and contract terms. In addition to our high-velocity model, we are also evolving our sales motion with a targeted, high-touch Enterprise sales team and Customer Success motion that is designed to elevate and drive higher-level strategic conversations and opportunities within key customer accounts. As we build upon and evolve our sales motion, we also intend to grow our partner relationships and routes to market.
We also engage with both existing and prospective customers using a variety of interaction points including our Customer Success Managers and our online community, THWACK. The community is designed to train and inform technology professionals about our products, keep us connected to them and provide network effects to amplify word-of-mouth marketing for our products.
Technology professionals often find our products when they are online searching for a solution to address a specific need and use our full-featured trials to experience our purpose-built, powerful and easy to use products in their own environments. These experiences often lead to initial purchases of one or more products and, over time, purchases of additional products and advocacy within both their organizations and their networks of technology professionals.
We have grown while maintaining high levels of operating efficiency. We currently derive our revenue from a combination of subscription revenue from the sale of application performance management and service desk products, and license and maintenance revenue from the sale of our on-premises network and IT operations management perpetual license products. Over time, we have significantly increased our subscription and maintenance revenue and intend to grow our revenue and cash flow by gaining new customers, increasing penetration within our existing customer base, expanding our international footprint, bringing new products to market and expanding into new markets through organic development and targeted acquisitions.


   Company Address: 7171 Southwest Parkway Austin 78735 TX
   Company Phone Number: 682.9300   Stock Exchange / Ticker: NYSE SWI
   


Customers Net Income fell by SWI's Customers Net Profit Margin fell to

-6.52 %

16.29 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
APPN        0.43% 
DDOG        4.29% 
DT   -1.33%    
NET        5.4% 
PATH   -3.91%    
PLTR        1.9% 
• View Complete Report
   



Solarwinds Corp

SolarWinds Corporation Sees Impressive Profitability Growth in First Quarter of 2024

SolarWinds Corporation has been making strides in improving its financial performance, as evidenced by its positive profitability and revenue growth in the January to March 31, 2024 financial period. The company reported a net income of $15.6 million, a significant improvement from the net deficit of $5.621 million in the corresponding period a year ago. Additionally, SolarWinds Corporation saw its revenue increase by 3.958% to $192.48 million, although it decreased sequentially by -3.902% from the previous financial reporting period.
Furthermore, SolarWinds Corporation has been able to enhance its profit margins, with its net margin rising to 8.08% and operating margin increasing to 24.37% during the January to March 31, 2024 financial span. Operating earnings also rose by 30.88% to $46.899 million, indicating improved operational efficiency and profitability for the company.

Business Update

Unleashing the Power of SolarWinds' Enhanced Plan Explorer: Transforming Database Operations and Driving Business Success

Published Tue, Apr 30 2024 12:47 PM UTC

SolarWinds Enhances Plan Explorer to Empower Database Professionals and Drive Business SuccessAUSTIN, Texas - SolarWinds, a renowned provider of observability and IT management software, has recently announced significant enhancements to its Plan Explorer tool. Designed specifically for analyzing query performance in Microsoft SQL Server environments, Plan Explorer empowers ...

Product Service News

SolarWinds Emerges as First Software Provider to Meet New CISA Secure Software Development Guidelines SolarWinds, a renowned provider of comprehensive observability and IT management software that prioritizes simplicity, security, and power, has achieved a significant milestone by aligning with the latest Cybersecurity and Infrastructure Security Agency (CISA) and Office of Management and Budget (OMB) requirements. The company has submitted its Secure Software Development self-attestation, thereby becoming the first software provider to publish CIand.

Published Thu, Mar 21 2024 11:30 AM UTC

As part of its commitment to meeting the highest standards of cybersecurity, SolarWinds has submitted the required form to the Repository for Software Attestation and Artifacts (RSAA), effectively demonstrating its dedication to secure software development practices. This significant move highlights SolarWinds' leadership in ensuring the protection of valuable digital assets...

Dividend

SolarWinds Announces Special Cash Dividend: Providing Value to Shareholders

Published Fri, Mar 15 2024 11:30 AM UTC


AUSTIN, Texas - In a move that aims to reward shareholders and demonstrate financial stability, SolarWinds (NYSE:SWI), a leading provider of observability and IT management software, has declared a special cash dividend of $1.00 per share. This announcement comes as SolarWinds continues to cement its position in the market, offering simple, powerful, and secure solution...

Product Service News

SolarWinds Sets Sail to Bali for APJ Transform Partner Summit, Bolsters Partnerships and Industry Recognition

Published Mon, Feb 19 2024 10:00 PM UTC

SolarWinds Demonstrates Commitment to Partners with APJ Transform Partner Summit in BaliSolarWinds, a provider of observability and IT management software, has announced its plans to host the APJ Partner Summit 2024 in Bali, Indonesia, from March 4 - 6. This event is part of SolarWinds' series of Transform Partner Summits taking place across regions in Europe, Asia, and the...






 

Solarwinds's Segments
 
 
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  Revenue Outlook
Solarwinds does not provide revenue guidance.

Earnings Outlook
Solarwinds Corp does not provide earnings estimates.

 
Geographic Revenue Dispersion




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