Loading...
•
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.
SolarWinds
SolarWinds
SolarWinds Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comMaintenance Revenue
CapyFin.comLicense Revenue
CapyFin.com 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.