SolarWinds Corp Expects FY24 Revenue Of $788M-$791M (Prior $778M-$788M) Vs $783.68M Est, Adj EPS Of $1.08-$1.09 (Prior $1.04-$1.08) Vs $1.06 Est
Portfolio Pulse from Benzinga Newsdesk
SolarWinds Corp has updated its financial outlook for FY24, expecting revenue between $788M-$791M, up from prior estimates of $778M-$788M, and adjusted EPS of $1.08-$1.09, up from $1.04-$1.08. This represents a 4% revenue growth and 15% EBITDA growth over FY23.
October 31, 2024 | 12:06 pm
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POSITIVE IMPACT
SolarWinds Corp has increased its FY24 revenue guidance to $788M-$791M and adjusted EPS to $1.08-$1.09, indicating positive growth expectations.
The upward revision in revenue and EPS guidance suggests improved business performance and growth prospects for SolarWinds, likely leading to positive investor sentiment and a potential increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100