Solarwinds Stock Price, News & Analysis

SolarWinds is showcasing its IT management solutions at GITEX GLOBAL 2022 in Dubai from October 10-14. The company will demonstrate its Hybrid Cloud Observability, database performance management, IT service management (ITSM), and IT operations management solutions (ITOM) at Booth H7-F30. SolarWinds aims to address organizational IT challenges amid growing complexity and staff shortages, emphasizing its mission to empower IT teams in digital transformation initiatives.

SolarWinds (NYSE: SWI), a leader in IT management software, will announce its third quarter 2022 financial results on November 3, 2022, at 7 a.m. CT. The company will host a conference call at 7:30 a.m. CT to discuss its results and business updates. A live webcast of the call will be available on its investor relations website. SolarWinds is recognized for providing solutions that support digital transformation across diverse IT environments.

SolarWinds (NYSE:SWI) has introduced the Transform Partner Program aimed at enhancing collaboration with channel partners globally. This initiative is designed to accelerate digital transformation for clients using SolarWinds' AI-powered observability solutions. Key benefits include financial incentives, enhanced training, and a revamped Partner Portal. The program targets various partners, including value-added resellers and managed service providers, marking a significant evolution in SolarWinds' channel engagement strategy. With over 300,000 customers, the program reflects a commitment to partner-driven growth and customer-centric technology.

SolarWinds (NYSE:SWI) announces the appointment of Chad Reese as its president of Americas sales and global channel. With over 25 years of experience from IBM and VMware, Reese aims to drive growth through subscription revenue and platform-based solutions. His background includes leading significant sales teams and fostering global channel alliances. The leadership expresses optimism on his impact amid the company's growth strategy, focusing on expanding customer success and leveraging a strong, loyal customer base.

SolarWinds (NYSE:SWI) recently received accolades in the 2022 GigaOm Radar Reports for its hybrid and multi-cloud observability solutions, recognized as a Leader and Outperformer in Network Observability. The new SolarWinds Platform allows organizations to improve visibility, intelligence, and productivity by providing a unified monitoring solution. Additionally, the company launched its Hybrid Cloud Observability and an early SaaS offering aimed at enhancing issue management for enterprise customers, supporting their digital transformation efforts.

Nominations for the IT Pro Day 2022 Awards are now open, established by SolarWinds (NYSE:SWI) to honor IT professionals. Celebrated on September 20, this annual event recognizes the vital work of IT teams in maintaining computer systems. Categories include Rookie of the Year, Rockstar of the Year, IT Mentor of the Year, and Trailblazer. Nominations are accepted until September 2, 2022, with winners announced on the celebration date. Visit ITProDay.org for more details.

SolarWinds (NYSE:SWI) has launched new offerings tailored for federal and SLED customers, including Federal Premium Support, Monalytic Federal Professional Services, and Monalytic Federal Deployment Services. These services provide access to U.S.-based technical experts and around-the-clock support, aimed at enhancing IT management in secure environments. The company highlights the importance of addressing the IT staff shortage and cybersecurity concerns faced by public sector organizations. This initiative follows SolarWinds' acquisition of Monalytic, enriching their service portfolio.

SolarWinds Corporation (NYSE:SWI) reported Q2 2022 results with total revenue of $176.0 million, slightly down year-over-year, but up 2% on a constant currency basis. The company experienced a net loss of $622.1 million, heavily impacted by impairment charges. Subscription revenue grew by 25%, and customer retention reached historical levels. SolarWinds also highlighted the launch of its Hybrid Cloud Observability solution and received accolades for its software from TrustRadius. As of June 30, 2022, cash reserves stood at $778.2 million against $1.9 billion in debt.