SolarWinds Corporation Provides Earnings Guidance for the Fourth Quarter and Full Year 2023
November 02, 2023 at 05:30 pm IST
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SolarWinds Corporation provided earnings guidance for the fourth quarter and full year 2023. For the quarter, the company expected total revenue in the range of $188.5 to $192.5 million, representing growth of approximately 2% as compared to the fourth quarter of 2022 total revenue at the midpoint of the range.
For the full year, total revenue in the range of $749 to $753 million, representing growth of approximately 4% over the full year of 2022 total revenue at the midpoint of the range.
SolarWinds Corporation is a provider of observability and information technology (IT) management software. The Company provides solutions for observability, IT service management, application performance, and database management. The Companyâs solutions provide organizations worldwide with a comprehensive and unified view of distributed and hybrid network environments. It engages IT service and operations professionals, DevOps and SecOps professionals, and database administrators (DBAs) to understand the challenges they face in maintaining IT infrastructures, applications, and environments. Its products are designed to monitor and manage networks, systems, databases, and applications across on-premises, multi-cloud, and hybrid IT environments without the need for customization or, in most cases, professional services. In addition, the Companyâs IT service management solutions provide complementary cloud-based and on-premises service desk management capabilities.
SOLARWINDS CORPORATION 
