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SolarWinds Corp Expects Q3 Revenue Of $191M-$196M Vs $194.395M Est, Adj EPS Of $0.24-$0.26 Vs $0.25 Est

Author: Benzinga Newsdesk | August 01, 2024 08:04am

Financial Outlook for Third Quarter of 2024

SolarWinds' management currently expects to achieve the following results for the third quarter of 2024:

Total revenue in the range of $191 to $196 million, representing growth of approximately 2% as compared to the third quarter of 2023 total revenue at the midpoint of the range.
Adjusted EBITDA of approximately $90 to $93 million, representing growth of approximately 8% over the third quarter of 2023 adjusted EBITDA at the midpoint of the range.
Non-GAAP diluted earnings per share of $0.24 to $0.26.
Weighted average outstanding diluted shares of approximately 173.6 million.

Posted In: SWI