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.
Rubrik Inc. (RBRK) exceeded analyst expectations for both earnings and revenue in its second quarter. Subscription revenue saw a significant 50% jump year-over-year, while the company also reported a strong increase in customers with high Subscription ARR. Rubrik’s CEO emphasized the growing demand for cyber resilience solutions in the wake of numerous cyberattacks, highlighting the value their offerings bring to businesses.
