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SolarWinds Corporation (SWI) is a leading provider of powerful and affordable IT management software. The company's products enable organizations of all sizes and complexities to effectively monitor and manage their IT services, infrastructures, and applications, whether on-premises, in the cloud, or using hybrid models.
SolarWinds' comprehensive suite of solutions includes tools for network management, systems management, database management, and application performance monitoring. These products are designed to work out-of-the-box, requiring minimal customization or professional services. This ensures that IT professionals can quickly deploy and leverage these tools to maintain high-performing and highly available IT environments.
The company places a strong emphasis on engaging with technology professionals—such as IT service and operations professionals, DevOps professionals, and managed services providers (MSPs)—to understand their challenges. The insights gained from these interactions, particularly from their active community forum, THWACK®, help SolarWinds stay ahead in solving well-understood IT management issues.
Recently, SolarWinds has focused on expanding its full-stack observability solutions, which provide end-to-end visibility and control over an organization's IT environment. This involves a commitment to excellence in hybrid IT management, ensuring seamless operations across on-premises, cloud, and hybrid infrastructures.
Financially, SolarWinds has maintained a robust position, continually innovating and forming strategic partnerships to enhance its product offerings. Their solutions are used by a wide range of customers, including enterprises, small and medium-sized businesses, and government entities worldwide.
For the latest updates and developments regarding SolarWinds Corporation, stay tuned to our news section, where you can find the most recent information on performance, events, and other significant activities related to the company.
SolarWinds (NYSE: SWI), a leader in IT management software, will announce its third quarter 2022 financial results on November 3, 2022, at 7 a.m. CT. The company will host a conference call at 7:30 a.m. CT to discuss its results and business updates. A live webcast of the call will be available on its investor relations website. SolarWinds is recognized for providing solutions that support digital transformation across diverse IT environments.
SolarWinds (NYSE:SWI) has introduced the Transform Partner Program aimed at enhancing collaboration with channel partners globally. This initiative is designed to accelerate digital transformation for clients using SolarWinds' AI-powered observability solutions. Key benefits include financial incentives, enhanced training, and a revamped Partner Portal. The program targets various partners, including value-added resellers and managed service providers, marking a significant evolution in SolarWinds' channel engagement strategy. With over 300,000 customers, the program reflects a commitment to partner-driven growth and customer-centric technology.
SolarWinds (NYSE:SWI) announces the appointment of Chad Reese as its president of Americas sales and global channel. With over 25 years of experience from IBM and VMware, Reese aims to drive growth through subscription revenue and platform-based solutions. His background includes leading significant sales teams and fostering global channel alliances. The leadership expresses optimism on his impact amid the company's growth strategy, focusing on expanding customer success and leveraging a strong, loyal customer base.
SolarWinds (NYSE:SWI) recently received accolades in the 2022 GigaOm Radar Reports for its hybrid and multi-cloud observability solutions, recognized as a Leader and Outperformer in Network Observability. The new SolarWinds Platform allows organizations to improve visibility, intelligence, and productivity by providing a unified monitoring solution. Additionally, the company launched its Hybrid Cloud Observability and an early SaaS offering aimed at enhancing issue management for enterprise customers, supporting their digital transformation efforts.
Nominations for the IT Pro Day 2022 Awards are now open, established by SolarWinds (NYSE:SWI) to honor IT professionals. Celebrated on September 20, this annual event recognizes the vital work of IT teams in maintaining computer systems. Categories include Rookie of the Year, Rockstar of the Year, IT Mentor of the Year, and Trailblazer. Nominations are accepted until September 2, 2022, with winners announced on the celebration date. Visit ITProDay.org for more details.
SolarWinds (NYSE:SWI) has launched new offerings tailored for federal and SLED customers, including Federal Premium Support, Monalytic Federal Professional Services, and Monalytic Federal Deployment Services. These services provide access to U.S.-based technical experts and around-the-clock support, aimed at enhancing IT management in secure environments. The company highlights the importance of addressing the IT staff shortage and cybersecurity concerns faced by public sector organizations. This initiative follows SolarWinds' acquisition of Monalytic, enriching their service portfolio.
SolarWinds Corporation (NYSE:SWI) reported Q2 2022 results with total revenue of $176.0 million, slightly down year-over-year, but up 2% on a constant currency basis. The company experienced a net loss of $622.1 million, heavily impacted by impairment charges. Subscription revenue grew by 25%, and customer retention reached historical levels. SolarWinds also highlighted the launch of its Hybrid Cloud Observability solution and received accolades for its software from TrustRadius. As of June 30, 2022, cash reserves stood at $778.2 million against $1.9 billion in debt.
SolarWinds (NYSE:SWI) will release its second quarter 2022 financial results on August 2, 2022. A conference call to discuss these results will occur at 7:30 a.m. CT on the same day. Investors can access the call via the SolarWinds Investor Relations website or through a domestic and international dial-in. The earnings release is set for 7 a.m. CT on August 2. SolarWinds focuses on providing IT management software that supports digital transformation across various organizations.
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