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SolarWinds reports Q2 EPS 26c, consensus 23c

Reports Q2 revenue $193.3M, consensus $188.66M.Reports subscription Annual Recurring Revenue or ARR of $269.9M , representing year-over-year growth of 36%, and Total ARR of $704.7M, representing year-over-year growth of 7%. “In Q2, we continued the momentum that we have been building over the last several quarters, exceeding the high end of our guidance for total revenue and adjusted EBITDA, and delivering our highest quarterly adjusted EBITDA of the past 15 quarters,” said SolarWinds President and Chief Executive Officer Sudhakar Ramakrishna. “I am proud of our team’s focus on helping our customers to accelerate their business transformations through solutions built to improve their productivity while lowering complexity and costs. We look forward to continuing our focus on customer success and delivering great business results with our solutions.”

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