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) has appointed Kevin Bury as the chief customer officer for its MSP division. This strategic move aims to enhance partner success and support as the organization expands its reach in the IT management sector. Bury's extensive experience will help drive initiatives such as the MSP Institute and improve onboarding experiences for partners. The announcement also follows SolarWinds' plans to create a new public entity dedicated to the MSP marketplace, highlighting its commitment to partner success.
SolarWinds (NYSE:SWI) has launched the APM Integrated Experience, consolidating its APM solutions—AppOptics, Loggly, and Pingdom—into a single interface. This update aims to streamline application performance monitoring, enhancing the ease of troubleshooting for IT professionals. The new features include dashboards for metrics and logs, real-time monitoring, and advanced searching capabilities. As organizations increasingly rely on hybrid IT, the integrated experience addresses the growing need for effective application performance management.
SolarWinds Corporation (NYSE: SWI) reported a strong fourth-quarter performance for 2020, with total revenue of $265.3 million, reflecting a 7.2% growth year-over-year. Recurring revenue reached $230.8 million (up 13.7%), with subscription revenue showing a notable 22.0% increase. The company achieved a net income of $132.7 million and a notable 47.9% adjusted EBITDA margin. SolarWinds is also moving forward with a potential spin-off of its MSP business, having submitted a Form-10 registration with the SEC. Cash balances are at $370.5 million, against total debt of $1.9 billion.
SolarWinds (NYSE:SWI) announced its participation in Microsoft Ignite 2021, taking place from March 2-4, where it will showcase its enhanced database performance management solutions. The company highlighted its commitment to address the needs of various database managers and features experts Thomas LaRock and Kevin Kline who will present best practices for database migration. Attendees can engage with SolarWinds at their virtual booth, where they will demonstrate a wide range of database management tools and solutions.
SolarWinds (NYSE: SWI) will host its earnings conference call on February 25, 2021, at 7:30 a.m. CT to discuss its Q4 and full-year 2020 financial results. The earnings release will be available at 7:00 a.m. CT the same day. Investors can access the live call via dial-in and web. SolarWinds leverages insights from technology professionals to enhance its IT management software offerings, focusing on providing effective monitoring and management solutions across various infrastructures.
SolarWinds (NYSE:SWI) has welcomed Kevin Kline to its Head Geek team, enhancing its proficiency in database and Microsoft data platforms. Kline, a veteran with over 30 years in the industry, is a 13-time Microsoft MVP and brings substantial expertise from his time at SentryOne, which SolarWinds acquired in October 2020. His leadership in the SQL Server community and public speaking engagements underscore his commitment to educating IT professionals. This addition aligns with SolarWinds' mission to provide valuable insights to their community and enhance customer support.
SolarWinds (NYSE: SWI) will release its fourth quarter and full year 2020 financial results on February 25, 2021, at approximately 3:15 p.m. CT. A conference call discussing these results is scheduled for the same day at 4:00 p.m. CT. Investors can access the live webcast on the SolarWinds Investor Relations website. The company aims to provide insights into their IT management software's performance and growth potential, continuing to engage with technology professionals to enhance their product offerings.
SolarWinds (NYSE:SWI) has announced critical updates to its Orion Platform products addressing vulnerabilities related to the SUPERNOVA malware. After investigating reports of this malware, SolarWinds proactive measures included two hotfix updates on December 14 and 15, enhancing security and preventing exploitations. Customers are urged to apply latest updates and can access a protective script for older versions. Additionally, the company will offer professional consulting resources at no charge to assist maintenance customers with updates. This commitment aims to safeguard customer environments.
SolarWinds (NYSE:SWI) has awarded the SentryOne Data Pros of Tomorrow Scholarship to Marquell Williams from Carthage College, providing him with a $5,000 tuition credit for Spring 2021. Williams, an economics and math double major, plans to pursue a Master’s in Public Policy and Management at Carnegie Mellon University. This scholarship, established following SolarWinds' acquisition of SentryOne, aims to support full-time students in data-related fields, reinforcing their commitment to nurturing future data professionals.
SolarWinds Corporation (NYSE:SWI) has confidentially submitted a Form 10 registration statement to the SEC regarding a potential spin-off of its managed service provider (MSP) business. This follows the board's approval to explore such a move announced on August 6, 2020. If executed, the spin-off aims to create a standalone entity focused on cloud-based solutions for MSPs, while SolarWinds retains its Core IT Management business. The proposed transaction is expected to be tax-free for shareholders, subject to board approval, with completion anticipated in the first half of 2021.
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