AUSTIN, Texas (AP) _ SolarWinds Corp. (SWI) on Thursday reported fourth-quarter earnings of $668.4 million.
The Austin, Texas-based company said it had profit of $2.60 per share. Earnings, adjusted for one-time gains and costs, came to 19 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.
The provider of information-technology management software posted revenue of $221.2 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $217.6 million.
For the year, the company reported profit of $364.6 million, or $2.56 per share. Revenue was reported as $833.1 million.
For the current quarter ending in April, SolarWinds expects its per-share earnings to range from 16 cents to 18 cents.
The company said it expects revenue in the range of $215 million to $218 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $136.1 million.
SolarWinds expects full-year earnings in the range of 78 cents to 80 cents per share, with revenue ranging from $921 million to $936 million.
SolarWinds shares have risen 26 percent since the beginning of the year.
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