SolarWinds reports Q4 EPS 24c, consensus 21c

Reports Q4 revenue $198.14M, consensus $190.43M. “We are pleased to finish the year with fourth quarter and full-year revenue and adjusted EBITDA results that exceeded our guidance, while also expanding our margins,” said Sudhakar Ramakrishna, president and CEO of SolarWinds. “Our year-over-year growth in full-year revenue, total ARR, subscription revenue, and adjusted EBITDA represent significant progress towards the priorities we set forth at the beginning of 2023, including our subscription-first strategy, continued focus on customer success and retention, innovation on the SolarWinds Platform, and strong operating discipline. In 2024, we intend to accelerate the execution and progress towards our established priorities.”