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Dec 31, 2019
SolarWinds Q4 2019 Earnings Report
Announced fourth quarter 2019 results, demonstrating solid year-over-year growth in non-GAAP revenue and recurring revenue.
Key Takeaways
SolarWinds Corporation reported a 11.9% increase in total revenue for Q4 2019, reaching $247.5 million. The company's non-GAAP revenue for the quarter was $249.4 million, a 12.5% increase year-over-year. Net income for the fourth quarter was $13.2 million.
Total revenue for the fourth quarter of $247.5 million, representing 11.9% growth on a reported basis.
Non-GAAP total revenue for the fourth quarter of $249.4 million, representing 12.5% year-over-year growth on a reported basis and 13.3% year-over-year growth on a constant currency basis.
Non-GAAP subscription revenue for the fourth quarter of $89.2 million, representing 28.1% growth on a reported basis.
Adjusted EBITDA for the fourth quarter of $122.9 million, representing a margin of 49.3% of non-GAAP total revenue.
SolarWinds
SolarWinds
SolarWinds Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comMaintenance Revenue
CapyFin.comLicense Revenue
CapyFin.com Forward Guidance
SolarWinds provided financial outlook for Q1 2020 and full year 2020, including non-GAAP revenue, adjusted EBITDA, and non-GAAP diluted earnings per share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income