SolarWinds Q2 Profit Rises - Quick Facts

(RTTNews) - SolarWinds, Inc. (SWI) Thursday reported second-quarter profit of $22.80 million or $0.30 per share, up from $19.43 million or $0.26 per share in the same period last year.

Adjusted earnings for the quarter was $0.40 per share. 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 21 percent to $77.5 million from $64.04 million last year. Analysts expected revenues of $78.94 million.

Looking ahead to the third quarter, the company has forecast earnings in the range of $0.35 to $0.36 per share, with revenues ranging between $84.7 million and $87.2 million. Analysts currently expect third-quarter earnings of $0.39 per share and revenues of $90.45 million.

For the fiscal year 2013, the company currently has lowered its earnings outlook to a range of $1.51 to $1.54 per share from previous range of $1.59 to $1.65 per share.

Revenues are projected in a range of $322.7 to $327.7 million, down from $326.5 to $334.0 million, issued previously. Analysts currently expect the company to report full-year earnings of $1.55 per share on revenues of $336.64 million.