Solarwinds has announced their secon quarter 2011 results. They have grown 29% year on year in Q2. This is a good growth in-spite of the US economy threat. They have done 45.8M in 2. This is more than the Analysts prediction. Their new revenue for Q2 2011 is 21M and their maintenance revenue is 24.75 M. The new revenue growth is 22% and their maintenance growth is 36% year over year. They have grown by 5% compared to Q1 of 2011. Their customer base is also increasing drastically.
Their strategy is on acquiring more companies and increasing their product domains. In the past few years, they have acquired around five companies of different area. Initially they acquired Kiwi a free syslog server company. In Jan 2010, they acquired TekTools a storage company for 42M (had 60 employee company). The expected revenue from those products is around 3M.
In Jan 2011, they acquired Hyper9 a company that has Virtualization product for 23m (32 employees). In July they acquired TriGeo which has event log management product for 35M(65 employees). They are enhancing their product spread on IT management.
They have a spike in their Q3 growth every year (credit to the US Military fund release) and they maintain their new revenue for the other three quarter (How they are maintaining is a big question).
Saravanan
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