Why Is SolarWinds Stock Trading Higher Thursday?



SolarWinds Corp (NYSE:SWI) stock climbed after it reported a fourth-quarter FY23 revenue growth of 6% year-on-year to $198.14 million, beating the consensus of $190.44 million

Adjusted EPS of $0.24 beat the consensus of $0.21.

Maintenance revenue remained flat Y/Y at $115.1 million. Subscription revenue climbed 36.3% Y/Y to $67.7 million, while License revenue declined 31.5% to $15.3 million.

The adjusted gross margin was …

Full story available on Benzinga.com


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