SolarWinds Q2 Profit Tops Estimate; Revenue Misses

(RTTNews) - SolarWinds, Inc. (SWI) reported net income for the second quarter of $22.1 million or $0.29 per share, compared to $13.4 million or $0.18 per share for the year-ago quarter.

Excluding items, adjusted earnings for the second quarter were $0.52 per share, compared to $0.41 per share in the prior year quarter.

Total revenue for the second quarter rose 17% to $119.07 million from $101.50 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.46 per share on revenue of $122.62 million for the second quarter. Analysts' estimates typically exclude special items.

Looking forward to the third quarter, the company forecasts total revenue of $130 to $134 million and adjusted earnings of $0.49 to $0.53 per share. Analysts currently expect the company to earn $0.52 per share on revenue of $136.07 million for the third quarter.

For the full year 2015, the company now forecasts total revenue of $502.0 to $512.0 million and adjusted earnings of $2.00 to $2.08 per share. Previously, the company forecast total revenue of $512.0 to $527.0 million and adjusted earnings of $1.92 to $2.04 per share.

Analysts currently expect the company to earn $2.00 per share on revenue of $519.67 million for the full year 2015.