Welcome to our dedicated page for SolarWinds Corporation news (Ticker: SWI), a resource for investors and traders seeking the latest updates and insights on SolarWinds Corporation stock.
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) will sponsor and participate in two major virtual IT service management conferences in November 2021. At SupportWorld Live from November 6-11, SolarWinds will engage in solution spotlight sessions and a panel on service management's future. Notable sessions include discussions on AI, automation, and digital transformation. Additionally, Liz Beavers will speak at itSMF UK on November 15-16, focusing on communication skills in technology careers. Recent updates to SolarWinds Service Desk enhance productivity and compliance.
SolarWinds (NYSE:SWI) will participate as a showcase sponsor at the Microsoft Ignite virtual conference from November 2-4, 2021. The company aims to discuss the significance of database performance monitoring in observability practices and will feature its Orion Platform in the demo center. Kevin Kline, a Microsoft Data Platform expert, will present on the topic, emphasizing how database observability is crucial for application performance. SolarWinds seeks to provide insights for organizations in achieving centralized visibility and full-stack integration for hybrid environments.
SolarWinds Corporation (NYSE: SWI) reported third-quarter results for the period ending September 30, 2021. Total revenue reached $181.3 million, marking a 1.9% year-over-year decline, with recurring revenue at 83.9%. Net income was $1.1 million, and adjusted EBITDA stood at $75.3 million, a margin of 41.5%. Following the split from its MSP business N-able, SolarWinds does not consolidate N-able’s results. The company emphasized positive progress in customer retention and plans to share future strategies at their upcoming Analyst Day on November 10, 2021.
SolarWinds (NYSE:SWI) has unveiled its new Database Mapper and Task Factory solutions, enhancing its database management portfolio aimed at aiding data professionals in adopting DataOps strategies. These tools are designed to accelerate data delivery and streamline cloud migrations, addressing existing barriers to successful DataOps implementation as revealed in the SolarWinds Query Report 2021. The Database Mapper now supports multiple database platforms including Oracle, MySQL, and PostgreSQL, and offers automation in documentation and data lineage analysis.
SolarWinds (NYSE:SWI) will participate as a silver sponsor at the Gartner IT Symposium/Xpo virtual conferences in October and November 2021 across various regions, including the Americas, APAC, EMEA, and India. The company will present insights from its IT Trends Report, focusing on cybersecurity challenges and vendor accountability. Key speakers, including CISO Tim Brown, will share lessons from the SUNBURST cyberattack. SolarWinds aims to enhance its security practices under its Secure by Design initiative to lead in secure software development.
SolarWinds Corporation (NYSE: SWI) has announced its virtual 2021 Analyst and Investor Day on November 10, 2021. During this event, CEO Sudhakar Ramakrishna and the senior management team will outline the company's strategy, financial performance, and upcoming business initiatives.
The event will start at 10:00 a.m. ET and will include a live Q&A session for participants. Interested stakeholders can register for the webcast and access a replay on the SolarWinds Investor Relations website shortly after the event.
SolarWinds (NYSE: SWI) announced it will report its financial results for the third quarter of 2021 on October 28, 2021, at 7:00 a.m. CT. A conference call will follow at 7:30 a.m. CT to discuss the results. Investors can participate via a live webcast available on the SolarWinds Investor Relations website. Additionally, SolarWinds plans to present at the RBC Global Technology Conference on November 16, 2021.
SolarWinds (NYSE:SWI) announces its virtual "Better Together" North America Partner Summit scheduled for November 4, 2021. The event will feature keynotes from top executives, product strategy sessions, and updates on the company's Secure by Design initiative. Patrick Emerson, VP of Enterprise Sales and Channels, emphasized the importance of partners in delivering successful solutions. Attendees will also gain insights from an IDC-led panel discussion on software integrity and collaboration in the face of evolving security threats.
SolarWinds (NYSE:SWI) announced the winners of its annual IT Pro Day Awards program, honoring IT professionals' contributions in the past year. The awards, which expanded globally this year, showcase achievements across various categories including Rookie of the Year (Praharshita Gaur), Rockstar of the Year (Fabrizio Cabianca), IT Mentor of the Year (David M. Williams), and Trailblazer Award (Diana Awde). The program aims to recognize the resilience and innovation of IT professionals, especially during a transformative year impacted by the pandemic.
SolarWinds (NYSE:SWI) has opened a new strategic entity in Seoul, South Korea, appointing Ken Parker as the country manager to drive local operations. This move aims to strengthen the company’s commitment to customers and partners amidst their digital transformation journeys. Parker, with over 20 years of IT industry experience, will focus on enhancing sales and expanding strategic alliances. Joe Signorelli, the director of Japan and Korea sales, emphasized Parker's role in growing collaborative business relationships and providing value in IT operations management.
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