The financial information below represents forward-looking non-GAAP financial information, including an estimate of non-GAAP revenue and revenue growth, adjusted EBITDA and non-GAAP diluted earnings per share, for the second quarter of 2019 and for the full year 2019. However, given our debt obligations, unlevered free cash flow does not represent residual cash flow available for discretionary expenses. Historical financial results for reporting periods prior to 2019 are presented in conformity with amounts previously disclosed under the prior revenue recognition standard, ASC 605 “Revenue Recognition,” or ASC 605. ir@solarwinds.com After submitting your request, you will receive an activation email to the requested email address. +1 512 498 6707 Adjustment to give effect to 25.0 million shares issued in connection with the initial public offering retroactively applied as if the shares had been issued at the beginning of the period. Head Nerd Event. The insights we gain from engaging with them, in places like our THWACK online community, allow us to build products that solve well-understood IT management challenges in ways that technology professionals want them solved. December 15, 2020 - December 15, 2020. You can sign up for additional alert options at any time. IT management products that are effective, accessible, and easy to use. SolarWinds will host a conference call to discuss its financial results for the second quarter of 2019 and its business at 4:00 p.m. CT (5:00 p.m. ET/2:00 p.m. PT) on Thursday, August 1, 2019. You must click the activation link in order to complete your subscription. SolarWinds Inc has reached its limit for free report views. THIRD QUARTER EARNINGS CALL. Click the button below to request a report when hardcopies become available. Adoption of the New Revenue Recognition Standard. Accordingly, reconciliation is not available without unreasonable effort, although it is important to note that these excluded items could be material to our results computed in accordance with GAAP in future periods. SolarWinds Network Performance Monitor 12.4 review: The perfect network monitoring tool View 2019 Analyst Reports Archives » View 2016 Analyst Reports Archives » Unlevered Free Cash Flow. Non-GAAP total recurring revenue for the first quarter of $178.2 million, representing 10.4% year-over-year growth and 12.9% year-over-year growth on a constant currency basis. Net income (loss) available to common stockholders per share: Weighted-average shares used to compute net income (loss) available to commons stockholders per share: Shares used in computation of basic earnings (loss) per share, Shares used in computation of diluted earnings (loss) per share. Adjustment to give effect to the conversion of 2,661,015 shares of Class A Common Stock that were outstanding immediately prior to the closing of the initial public offering into 140,053,370 shares of common stock and the conversion of $717.4 million of accrued and unpaid dividends on the Class A Common Stock into 37,758,109 shares of common stock equal to the result of the accrued and unpaid dividends on each share of Class A Common Stock, divided by $19.00 per share, as if the shares had been issued at the beginning of the period. Financial results will not be final until SolarWinds files its quarterly report on Form 10-Q for the period. The company also plans to present at one investor conference during the fourth quarter. Including the expected contribution from the Samanage acquisition, SolarWinds’ management currently expects to achieve the following results for the second quarter of 2019 under ASC 606: Including the expected contribution from the Samanage acquisition, SolarWinds’ management currently expects to achieve the following results for the full year 2019 under ASC 606: Additional details on our outlook will be provided on the conference call. Mar 26, 2019. Weighted average outstanding diluted shares of approximately 311.5 million. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support We believe that these non-GAAP financial measures provide supplemental information that is meaningful when assessing our operating performance because they exclude the impact of certain amounts that our management and board of directors do not consider part of core operating results when assessing our operational performance, allocating resources, preparing annual budgets and determining compensation. To access the live call, please dial in 5-10 minutes before the scheduled start time. Forfeited tax shield related to interest payments assumes a statutory rate of 22.5% for the three months ended March 31, 2019 and 2018. This focus on the user and commitment to excellence in end-to-end hybrid IT performance management has established SolarWinds as a worldwide leader in network management software and MSP solutions. This includes the dilutive impact of approximately $8.0 to $10.0 million loss associated with the Samanage acquisition. Adjustments to reconcile net income (loss) to net cash provided by operating activities: (Gain) loss on foreign currency exchange rates. On a GAAP basis, reflecting our adoption of the new standard ASC 606 effective January 1, 2019: Total revenue for the fourth quarter of $247.5 million, representing 11.9% growth on SolarWinds' management and board of directors compensate for these limitations by using these non-GAAP financial measures as supplements to GAAP financial measures and by reviewing the reconciliations of the non-GAAP financial measures to their most comparable GAAP financial measure. Annual guide spotlights the IT channel’s top-rated partner programs DURHAM, North Carolina – May 14, 2019 – SolarWinds, a leading provider of powerful and … By providing your email address below, you are providing consent to SolarWinds to send you the requested Investor Email Alert updates. You can sign up for additional alert options at any time. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. As a result, these non-GAAP financial measures have limitations and should not be considered in isolation from, or as a substitute for, the most comparable GAAP measures. SolarWinds Corporation (NYSE:SWI), a leading provider of powerful and affordable IT management software, today reported results for its third quarter As of April 24, 2019, SolarWinds is providing its financial outlook for the second quarter of 2019 and full year 2019. Factors that could cause or contribute to such differences include, but are not limited to, the following: (a) the inability to generate significant volumes of high quality sales leads from our digital marketing initiatives and convert such leads into new business at acceptable conversion rates; (b) the inability to sell products to new customers or to sell additional products or upgrades to our existing customers; (c) any decline in our renewal or net retention rates; (d) our inability to successfully identify, complete, and integrate acquisitions and manage our growth effectively; (e) the risk that the Samanage acquisition does not close at all or when expected or that its contribution to our financial results are lower than expected; (f) risks associated with our international operations; (g) our status as a controlled company; (h) the possibility that general economic conditions or uncertainty cause information technology spending to be reduced or purchasing decisions to be delayed; (i) the timing and success of new product introductions and product upgrades by SolarWinds or its competitors; (j) the possibility that our operating income could fluctuate and may decline as percentage of revenue as we make further expenditures to expand our operations in order to support additional growth in our business; (k) potential foreign exchange gains and losses related to expenses and sales denominated in currencies other than the functional currency of an associated entity; and (l) such other risks and uncertainties described more fully in documents filed with or furnished to the Securities and Exchange Commission, including the risk factors discussed in our Annual Report on Form 10-K for the period ended December 31, 2018 filed on February 25, 2019 and the Form 10-Q that SolarWinds anticipates filing on or before May 15, 2019. The company also plans to present at four investor conferences The full report is also available for download. There are limitations associated with the use of these non-GAAP financial measures. Looking for a place to meet and interact with SolarWinds staff and experts? Dollars are converted into U.S. All other SolarWinds trademarks, service marks, and logos may be common law marks or are registered or pending registration. (2) Estimated foreign currency impact represents the impact of the difference between the actual foreign currency exchange rates in the period used to calculate our Q1 2019 actual results under ASC 605 and the rates assumed in our previously issued outlook dated February 7, 2019. Category: Annual report, Date: 24 Apr 2020 . Adjustment represents the impact of the capitalization and amortization of sales commissions related to ASC 606. SolarWinds annual revenue for 2018 was $0.833B, a 14.43% increase from 2017. Some of these limitations are: although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future, and adjusted EBITDA does not reflect cash capital expenditure requirements for such replacements or for new capital expenditure requirements; adjusted EBITDA excludes the impact of the write-down of deferred revenue due to purchase accounting in connection with our acquisition, and therefore includes revenue that will never be recognized under GAAP; adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital needs; adjusted EBITDA does not reflect the significant interest expense, or the cash requirements necessary to service interest or principal payments, on our debt; adjusted EBITDA does not reflect tax payments that may represent a reduction in cash available to us; and other companies, including companies in our industry, may calculate adjusted EBITDA differently, which reduces its usefulness as a comparative measure. Security Office Hours. SolarWinds (NYSE: SWI), a leading provider of powerful and affordable IT management software, today announced that it will report its financial results for the third quarter of 2019 on Wednesday, October 30, 2019. Adjusted EBITDA in the range of $446.0 to $453.0 million, representing approximately 48% of non-GAAP total revenue. A replay of the webcast will be available on a temporary basis shortly after the event on the SolarWinds Investor Relations website. Accordingly, these non-GAAP financial measures may provide insight to investors into the motivation and decision-making of management in operating the business. The Corporate Highlights part provides more insight on who we are and about our 2019 achievements. SolarWinds will host a conference call to discuss its financial results for the third quarter of 2019 and its business at 4:00 p.m. CT (5:00 p.m. ET/2:00 p.m. PT) on Wednesday, October 30, 2019. Read Article. SolarWinds IT Trends Report 2019: Skills for Tech Pros of Tomorrow . These non-GAAP financial measures are not prepared in accordance with GAAP, do not reflect a comprehensive system of accounting and may not be completely comparable to similarly titled measures of other companies due to potential differences in the exact method of calculation between companies. Non-GAAP net income (loss) is calculated as net income (loss) excluding the adjustments to non-GAAP revenue, non-GAAP cost of revenue and non-GAAP operating income, losses on extinguishment of debt, certain other non-operating gains and losses and the income tax effect of the non-GAAP exclusions. The financial results included in this press release are preliminary and pending final review by the company and its external auditors. At March 31, 2019, total cash and cash equivalents were $434.5 million and total debt was $1.9 billion. Learn more today at www.solarwinds.com. Non-GAAP total revenue in the range of $934.0 to $949.0 million, representing growth over 2018 non-GAAP revenue of 12% to 13%, or 13% to 15% on a constant currency basis, assuming the same average foreign currency exchange rates as those in 2018. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Developed by network and systems engineers who know what it takes to manage today's dynamic IT environments, SolarWinds has a deep connection to the IT community. Modern-day technology professionals are at a crossroads in their careers, as they seek to balance today's tech realities with tomorrow's expectations-on top of their own personal aspirations. On a GAAP basis, reflecting our adoption of the new standard ASC 606 effective January 1, 2019: We define adjusted EBITDA margin as adjusted EBITDA divided by non-GAAP revenue. SolarWinds revenue for the twelve months ending September 30, 2020 was $1.001B, a 10.51% increase year-over-year. These forward-looking statements are based on management's beliefs and assumptions and on information currently available to management. +1 385 374 7210. Special Reports. Upcoming SolarWinds and industry events around the world. AUSTIN, Texas, April 24, 2019 (GLOBE NEWSWIRE) -- SolarWinds Corporation (NYSE: SWI), a leading provider of powerful and affordable IT management software, today reported results for its first quarter ended March 31, 2019. “We believe that a powerful, market-leading ITSM solution offers us another opportunity to create a unique position to serve IT professionals in organizations of all sizes while expanding our addressable market and creating additional cross sell opportunities.”. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. “We had a solid finish to a successful 2019 delivering fourth quarter non-GAAP revenue of $249.4 million reflecting 13% year-over-year growth, which resulted in full year 2019 non-GAAP total … Condensed Consolidated Balance Sheets(In thousands, except share and per share information)(Unaudited), Condensed Consolidated Statements of Operations(In thousands, except per share information)(Unaudited), SolarWinds CorporationCondensed Consolidated Statements of Cash Flows(In thousands)(Unaudited), Reconciliation of Q1 2019 Financial Results ASC 606 to ASC 605(Unaudited), Reconciliation of GAAP to Non-GAAP Financial Measures(Unaudited), Reconciliation of GAAP to Non-GAAP Weighted-Average Outstanding Diluted Common Shares, Reconciliation of GAAP Net Income (Loss) to Adjusted EBITDA(Unaudited), Reconciliation of Non-GAAP Revenue to Non-GAAP Revenue on a Constant Currency Basis(Unaudited). Non-GAAP total revenue in the range of $224.0 to $229.0 million, representing growth over the second quarter of 2018 non-GAAP total revenue of 10% to 13%, or 12% to 15% on a constant currency basis assuming the same average foreign currency exchange rates as those in the second quarter of 2018. At SolarWinds, we promise to treat your data with respect and will not share your information with any third party. Does not give effect to anti-dilutive incentive stock awards including 7.3 million of equity awards issued in connection with the initial public offering in October 2018. The first quarter also represented another period of solid cash flow generation,” said Bart Kalsu, SolarWinds' Executive Vice President and Chief Financial Officer. SolarWinds (NYSE: SWI), a leading provider of powerful and affordable IT management software, today announced that it will report its financial results for the third quarter of 2019 on Wednesday, October 30, 2019. We monitor these measures to assess our performance because we believe our revenue growth rates would be overstated without these adjustments. Includes purchases of property and equipment and purchases of intangible assets. Written By Patrick Hubbard, Head Geek, SolarWinds. SolarWinds has released the findings of the its IT Trends Report 2019: Skills for Tech Pros of Tomorrow. Developed by network and systems engineers who know what it takes to manage today's dynamic IT environments, SolarWinds has a deep connection to the IT community. Non-GAAP Revenue. For an explanation of the pro forma calculation, please see "Reconciliation of GAAP to Non-GAAP Weighted-Average Outstanding Diluted Common Shares" below. We believe presenting non-GAAP subscription revenue, non-GAAP maintenance revenue, non-GAAP license revenue and non-GAAP total revenue aids in the comparability between periods and in assessing our overall operating performance. 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