AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — SolarWinds Corp. (SWI) on Thursday reported a loss of $5.6 million in its first quarter.
On a per-share basis, the Austin, Texas-based company said it had a loss of 3 cents. Earnings, adjusted for one-time gains and costs, were 20 cents per share.
The provider of information-technology management software posted revenue of $186 million in the period.
For the current quarter ending in June, SolarWinds expects its per-share earnings to range from 15 cents to 17 cents.
The company said it expects revenue in the range of $177 million to $182 million for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $183.4 million.
SolarWinds expects full-year earnings in the range of 71 cents to 76 cents per share, with revenue ranging from $725 million to $740 million.