Loading...
•
Jun 30, 2024
SolarWinds Q2 2024 Earnings Report
Reported second quarter results, exceeding guidance for total revenue and adjusted EBITDA.
Key Takeaways
SolarWinds reported a 4% year-over-year increase in total revenue, reaching $193.3 million, with recurring revenue comprising 93% of the total. The company's net income was $11.1 million, and adjusted EBITDA reached $92.5 million, a 48% margin of total revenue and a 17% year-over-year growth.
Total revenue grew by 4% year-over-year, reaching $193.3 million.
Recurring revenue accounted for 93% of total revenue.
Net income was reported at $11.1 million.
Adjusted EBITDA increased by 17% year-over-year, totaling $92.5 million.
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 third quarter and updated its financial outlook for the full year of 2024.
Positive Outlook
- Total revenue for Q3 is expected to be in the range of $191 to $196 million, representing approximately 2% growth compared to Q3 2023.
- Adjusted EBITDA for Q3 is expected to be approximately $90 to $93 million, representing approximately 8% growth over Q3 2023.
- Non-GAAP diluted earnings per share for Q3 are projected to be $0.24 to $0.26.
- Full year 2024 total revenue is expected to be in the range of $778 to $788 million, representing approximately 3% growth over 2023.
- Full year 2024 adjusted EBITDA is projected to be approximately $368 to $375 million, representing approximately 13% growth over 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income