Solarwinds announced their Q3 2011 results. They haev done $53.9M in Q3. They have done more than projection ($51.9M) by the analysts.
Their Q3 total revenue growth is 31% y-o-y. They had a lower new revenue (license) $25.5 M 22% growth y-o-y. But their maintenance revenue is high. It is 28.4 M that is 40% growth y-o-y.
Their marketing and sales spending is high. It is 15M and it has gone up by 31% (y-o-y). They have a projection of $52.8 - $54.2M for Q4 and the year projection is $195M -$197M.
Their Spending to new revenue percentage is 55% this year and it has gone up by 3% y-o-y. This shows the competition is high in the IT market. There are more low and medium end companies coming into business and that make the Solarwinds to be more dynamic.
Solarwinds has a cash and cash equivalent at the end of Q3 2011 is $165.8 M which is dropped by $37M from Q2 2011 end. They have paid $35M to TriGeo aquisition during Q3 2011. They have released Two products Synthetic End User Monitor and Web Transaction Watcher. This is going to add value to their recent aquisition TriGeo product Event Log Manager Product.
Saravanan
Their Q3 total revenue growth is 31% y-o-y. They had a lower new revenue (license) $25.5 M 22% growth y-o-y. But their maintenance revenue is high. It is 28.4 M that is 40% growth y-o-y.
Their marketing and sales spending is high. It is 15M and it has gone up by 31% (y-o-y). They have a projection of $52.8 - $54.2M for Q4 and the year projection is $195M -$197M.
Their Spending to new revenue percentage is 55% this year and it has gone up by 3% y-o-y. This shows the competition is high in the IT market. There are more low and medium end companies coming into business and that make the Solarwinds to be more dynamic.
Solarwinds has a cash and cash equivalent at the end of Q3 2011 is $165.8 M which is dropped by $37M from Q2 2011 end. They have paid $35M to TriGeo aquisition during Q3 2011. They have released Two products Synthetic End User Monitor and Web Transaction Watcher. This is going to add value to their recent aquisition TriGeo product Event Log Manager Product.
Saravanan
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