SolarWinds Corp (SWI) delivered a robust fiscal third-quarter 2024, exceeding both revenue and earnings forecasts. The company showcased strong growth in its subscription revenue and maintained a positive outlook for the remainder of the year. This strong performance has fueled a surge in the stock price, reflecting investor confidence in the company’s trajectory.
SolarWinds, a leading provider of IT management software, is set to release its quarterly earnings report on October 31st. Analysts anticipate an earnings per share (EPS) of $0.25, but investors will be closely watching for signs of exceeding estimates and positive guidance for the future. We delve into SolarWinds’ past performance, analyst expectations, and a comparison with key competitors to understand the company’s current market standing.
SolarWinds, a leading enterprise software developer, is looking to establish a new office in Riyadh, Saudi Arabia, in 2025. The company is driven by Saudi Arabia’s rapid technological advancements and investment drive. This move follows SolarWinds’ successful expansion in the Middle East, with double-digit annual growth since opening a Dubai office in 2022. The company is also considering relocating its EMEA headquarters from Cork, Ireland, to Dubai.
