Solarwinds Stock Price, News & Analysis

SolarWinds (NYSE:SWI) has announced several recent accolades recognizing its leadership in IT management software and corporate achievements. Notable awards include the 2022 Best in Biz Awards where CEO Sudhakar Ramakrishna was named Bronze Executive of the Year, and the BIG Awards for Business recognizing SolarWinds as Company of the Year. Additionally, the 2022 Tech Cares Award highlighted the company's corporate social responsibility efforts. The recently launched observability solutions aim to enhance customer visibility across hybrid and multi-cloud environments. SolarWinds continues to focus on delivering predictable growth while meeting user needs.

SolarWinds (NYSE:SWI) has appointed Tim Karaca as its new group vice president of strategic finance and investor relations. Karaca brings nearly 20 years of finance experience, previously working at companies like AIG and Bridgewater Associates. His role will encompass overseeing financial planning, analysis, and acting as the primary liaison for investors. Executives believe his background in transitioning companies to a SaaS model is beneficial for SolarWinds' growth strategy focused on platform-based technologies.

SolarWinds (NYSE:SWI) is set to showcase its new SolarWinds Observability solution and the updated Hybrid Cloud Observability offering at AWS re:Invent 2022 from November 28 to December 2 in Las Vegas. As an AWS Partner Network member, SolarWinds aims to help enterprises migrate workloads and build applications on AWS securely. Vice President Joshua Stageberg will present on the importance of full-stack observability for modern applications. The new observability solution integrates data from multiple IT sources to optimize performance and availability.

SolarWinds (NYSE:SWI) announces that its Chief Information Security Officer, Tim Brown, will present at the Black Hat Middle East and Africa Executive Summit in Riyadh, Saudi Arabia from November 15-17. Brown's keynote on November 15 is titled “Breach Disclosure and Lessons Learned When Crisis Strikes.” He will also moderate a panel discussion on November 16 examining ransomware recovery and threats. With expertise including a response to the SUNBURST cyberattack, Brown aims to equip professionals with crucial security insights.

SolarWinds has been awarded the 2022 Tech Cares Award by TrustRadius for its outstanding corporate social responsibility and diversity initiatives. The award highlights the company’s efforts in inclusive recruiting, employee well-being, and community engagement through initiatives like SolarService Days for volunteering. CEO Sudhakar Ramakrishna expressed gratitude for the support from employees and partners in building a positive work environment.

SolarWinds Corporation (NYSE:SWI) has announced an expanded partnership with HCL Software's DRYiCE division, focusing on enhancing IT operations for enterprises. This collaboration aims to integrate advanced AIOps, observability, and service management solutions. CEO Sudhakar Ramakrishna highlighted the significance of developing innovative solutions and partnering with leaders like DRYiCE. The partnership will be showcased by SolarWinds' Chief Product Officer Rohini Kasturi at HCL Software's partner summit in Barcelona, Spain, on November 14.

SolarWinds Corporation (NYSE:SWI) reported its Q3 2022 financial results, highlighting total revenue of $179.4 million, a slight decline year-over-year but a 1% growth on a constant currency basis. The company experienced a net loss of $292.2 million, primarily due to $284.6 million in impairment charges. Despite challenges, SolarWinds saw a 31% growth in subscription revenue and a solid adjusted EBITDA margin of 39%. Key developments include the launch of SolarWinds Observability and an emphasis on its Transform Partner Program.

SolarWinds (NYSE:SWI) will participate in the upcoming Gartner IT Symposium/Xpo 2022 and its global conferences.

At these events, SolarWinds will showcase its Hybrid Cloud Observability and SolarWinds Observability solutions, which aim to enhance performance insights for IT teams. Nik Koutsoukos, VP of Marketing, emphasizes the importance of unified visibility in today's complex digital landscape. Key conferences will take place in Orlando, Barcelona, London, and Las Vegas throughout late 2022.

SolarWinds (NYSE:SWI) has launched SolarWinds Observability, a cloud-native SaaS solution that enhances visibility across complex IT environments. This platform combines observability tools for network, infrastructure, and application monitoring using machine learning and AI, aiming to support IT Ops and DevOps teams in managing hybrid and multi-cloud infrastructures effectively. The new offering aims to simplify digital transformation and improve user experience, providing actionable insights for issue remediation.