SolarWinds Beats Q4 Expectations with Strong Earnings and Revenue

SolarWinds Corp. (SWI) reported robust financial performance in the fourth quarter, surpassing estimates.

Earnings:

* Net income: $72.7 million
* Earnings per share (EPS): $0.41
* Adjusted EPS (excluding special items): $0.51
* Wall Street consensus estimate: EPS of $0.27

Revenue:

* $210.3 million
* Wall Street consensus estimate: $202.8 million

Full Year Results:

* Net income: $111.9 million
* EPS: $0.64
* Revenue: $796.9 million

The information-technology management software provider's performance exceeded expectations, reflecting its strong market position and growing demand for its solutions.