SolarWinds Q1 Adj. Profit Tops View; Issues Q2, FY14 Outlook - Quick Facts

(RTTNews) - SolarWinds, Inc. (SWI) Tuesday reported first-quarter net income of $17.6 million or $0.23 per share, up from $23.0 million or $0.30 per share in the same period last year.

Adjusted net income for the quarter declined to $31.15 million, up from $31.21 million in the year-ago period. Adjusted earnings per share for the latest first quarter were $0.41, same as last year. On average, 14 analysts polled by Thomson Reuters expected the company to earn $0.36 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $95.91 million from $72.91 million last year, while 12 analysts expected revenues of $93.74 million.

Looking ahead to the second quarter, the company has forecast adjusted earnings in the range of $0.35 to $0.37 per share, with revenues in the order of $96.5 million to $98.5 million. Analysts currently expect the company to earn $0.38 per share on revenues of $98.83 million.

For the fiscal year 2014, the company currently expects adjusted earnings in the range of $1.60 to $1.70 per share and revenues in a range of $409.0 million to $421.0 million. Analysts currently expect the company to report full-year earnings of $1.61 per share on revenues of $415.64 million.