TECH - Why Is SolarWinds Stock Trading Higher Thursday? | Benzinga
SolarWinds Corp (NYSE:SWI) stock climbed after it reported a fourth-quarter FY23 revenue growth of 6% year-on-year to $198.14 million, beating the consensus of $190.44 million.
Adjusted EPS of $0.24 beat the consensus of $0.21.
Maintenance revenue remained flat Y/Y at $115.1 million. Subscription revenue climbed 36.3% Y/Y to $67.7 million, while License revenue declined 31.5% to $15.3 million.
The adjusted gross margin was ...