SolarWinds Shares Jump Following Q3 Results and Optimistic Full-Year Forecasts
Portfolio Pulse from Anusuya Lahiri
SolarWinds Corp (NYSE:SWI) reported a 6% YoY revenue growth in Q3 FY23 to $189.6 million, beating the consensus of $183.7 million. Adjusted EPS of $0.23 also surpassed the consensus of $0.18. The company raised its FY23 revenue and adjusted EPS outlook. Following the announcement, SWI shares traded higher by 9.02%.
November 02, 2023 | 3:56 pm
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SolarWinds reported strong Q3 FY23 results and raised its FY23 outlook, leading to a 9.02% increase in its share price.
SolarWinds reported better-than-expected Q3 FY23 results and raised its FY23 outlook, which is a positive signal to investors about the company's performance and future prospects. This led to an increase in the company's share price.
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