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Mar 31, 2020
SolarWinds Q1 2020 Earnings Report
SolarWinds' Q1 2020 results were announced, demonstrating revenue growth and a strong start to the year.
Key Takeaways
SolarWinds reported strong Q1 2020 results, with total revenue reaching $247.0 million, a 14.4% increase year-over-year. Non-GAAP total revenue was $248.5 million, representing a 15.1% increase. The company's subscription revenue grew by 30.8%, and total ARR reached $862 million, a 15% increase year-over-year.
Total revenue for Q1 2020 was $247.0 million, representing 14.4% growth.
Total recurring revenue for Q1 2020 was $210.0 million, representing 18.1% growth.
Non-GAAP subscription revenue grew 33% year-over-year.
Total ARR reached $862 million, representing 15% year-over-year growth.
Revenue by Segment
Forward Guidance
SolarWinds provided its financial outlook for the second quarter of 2020, expecting non-GAAP total revenue in the range of $240.0 to $248.0 million and adjusted EBITDA in the range of $108.0 to $112.0 million.
Positive Outlook
- Non-GAAP total revenue is expected to be in the range of $240.0 to $248.0 million.
- Revenue growth over the second quarter of 2019 non-GAAP total revenue of 4.1% to 7.6%.
- Revenue growth of 5.8% to 9.3% on a constant currency basis.
- Adjusted EBITDA is expected to be in the range of $108.0 to $112.0 million.
- Non-GAAP diluted earnings per share of $0.20 to $0.21.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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