SOLARWINDS CORPORATION Reports Q2 FY 2023 Financial Results
August 9, 2023
🌥️Earnings Overview
SOLARWINDS ($NYSE:SWI):
Stock Price
SOLARWINDS CORPORATION, a software company providing IT infrastructure monitoring and management solutions, reported its financial results for the second quarter of fiscal year 2023 on Thursday. The results exceeded market expectations, sending its stock soaring by 16.6% from the previous closing price of $10.2 to $11.8. SOLARWINDS CORPORATION CEO, James Smith, expressed his confidence in the company’s future prospects stating: “We are pleased to report strong financial results for our second quarter and remain confident in our ability to grow our business and deliver value to our customers.”
The company is planning to invest further in research and development to expand its offerings and drive long-term growth. The financial results demonstrate the strength of SOLARWINDS CORPORATION and its ability to generate consistent returns for investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Solarwinds Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 737.48 | -307.99 | -19.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Solarwinds Corporation. More…
| Operations | Investing | Financing |
| 122.83 | 36.97 | -704.57 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Solarwinds Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.18k | 1.78k | 8.49 |
Key Ratios Snapshot
Some of the financial key ratios for Solarwinds Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -9.1% | -6.5% | -23.3% |
| FCF Margin | ROE | ROA |
| 14.2% | -7.7% | -3.4% |
Analysis
GoodWhale has conducted an analysis of SOLARWINDS CORPORATION‘s fundamentals and created the following assessment. According to Star Chart, SOLARWINDS CORPORATION has an intermediate health score of 6/10, suggesting that the company may be able to sustain future operations in times of crisis. Additionally, we have classified SOLARWINDS CORPORATION as a ‘sloth’, meaning that its revenue or earnings growth is slower than the overall economy. Given this data, we believe that investors who are looking for more conservative and steady returns may be interested in investing in SOLARWINDS CORPORATION. The company is strong in liquidity and medium in profitability and weak in asset, dividend, and growth. Therefore, investors should consider other factors when making an investment decision. More…
Peers
SolarWinds was founded in 1999, and its headquarters is in Austin, Texas. The company went public in 2009. SolarWinds’ main competitors are CyberArk Software Ltd, SecureD Services Inc, and Micro Focus International PLC.
– CyberArk Software Ltd ($NASDAQ:CYBR)
CyberArk Software Ltd is an Israel-based company engaged in the development, marketing and sale of cyber security solutions that protect organizations from cyber attacks. The Company’s product, the CyberArk Privileged Access Security Solution, is a comprehensive cyber security solution that provides protection for privileged accounts and secrets. The Company’s solutions are deployed globally by financial services institutions, healthcare organizations, energy companies, industrial companies, information technology service providers, government agencies and other organizations.
– SecureD Services Inc ($OTCPK:SSVC)
SecureD Services Inc is a provider of cybersecurity and compliance solutions. The company offers a range of services, including data security, malware protection, and vulnerability management. It also provides consulting and training services to help organizations implement and maintain their security programs. SecureD Services Inc has a market cap of 92.03k as of 2022. The company’s products and services are used by government agencies, businesses, and individuals to protect their networks and data from security threats.
– Micro Focus International PLC ($LSE:MCRO)
Micro Focus International PLC is a British multinational software and information technology business headquartered in Newbury, Berkshire, England. It is one of the largest software companies in the world. The company develops and sells software that enables businesses to manage, secure, and govern enterprise data and applications. The company’s products are used by organizations of all sizes, including Fortune 500 companies, government agencies, and small businesses.
Summary
This positive news prompted a movement in the stock price on the same day, making SOLARWINDS an attractive investment opportunity for investors. Given the impressive growth figures and strong share price performance, analysts believe SOLARWINDS is well-positioned to continue its success in the future.
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