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Sep 30, 2020
SolarWinds Q3 2020 Earnings Report
Reported strong Q3 2020 results, exceeding revenue outlook and demonstrating disciplined expense management.
Key Takeaways
SolarWinds reported Q3 2020 results with total revenue of $261.0 million, representing 8.5% growth, and non-GAAP revenue of $261 million, representing 8% year-over-year growth. The company demonstrated disciplined expense management, generating $133 million of Adjusted EBITDA, representing a margin of 51%.
Total revenue for the third quarter was $261.0 million, an 8.5% increase.
Total recurring revenue for the third quarter reached $221.7 million, a 12.6% increase.
Non-GAAP total revenue for the third quarter was $261.3 million, a 7.7% year-over-year increase.
Adjusted EBITDA for the third quarter was $132.7 million, representing a 50.8% margin of non-GAAP total revenue.
Revenue by Segment
Forward Guidance
SolarWinds provided its financial outlook for the fourth quarter and full year 2020.
Positive Outlook
- Non-GAAP total revenue is expected to be in the range of $261.0 to $266.0 million for Q4 2020.
- Q4 revenue represents growth of 5% to 7% over the fourth quarter of 2019.
- Adjusted EBITDA is expected to be in the range of $123.0 to $126.0 million for Q4 2020.
- Adjusted EBITDA represents approximately 47% of non-GAAP total revenue.
- Non-GAAP diluted earnings per share of $0.25.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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