Solarwinds joins the list of companies like Google, IBM, Intel, Microsoft in doing lower than the Analysts expectation in Q2 2013.
Solarwinds did 77.5 M in Q2 2013 against the expected amount of 78.9M. They are doing continuously for the second time. Even the revenue of Solarwinds is inclusive of the revenue from the newly acquired company N-able. If we deduct the revenue from N-able (around 6M - last year they did 24M), then the revenue is lower than the last quarter. That means they are shrinking Q-O-Q continuously for the second time.
This quarter growth of Solarwinds is the lowest ever y-o-y growth for them in the last three years. That too they were able to make it only because of the acquisition. Thompson, CEO of Solarwinds accepts that the N-able is doing better than expected. They didn't do well in new business.
This trend shows Solarwinds will be doing around 318M down from the projection of around 335-340M earlier. If they do so, they will have a growth of 19% Y-O-Y in 2013 which is the lowest ever growth for them. Again the main contributor for this growth is N-able acquisition. Their basic products entered into a stagnation or even shrinking.
They are concentrating on various activities to increase the revenue in second half of 2013.
Solarwinds did 77.5 M in Q2 2013 against the expected amount of 78.9M. They are doing continuously for the second time. Even the revenue of Solarwinds is inclusive of the revenue from the newly acquired company N-able. If we deduct the revenue from N-able (around 6M - last year they did 24M), then the revenue is lower than the last quarter. That means they are shrinking Q-O-Q continuously for the second time.
This quarter growth of Solarwinds is the lowest ever y-o-y growth for them in the last three years. That too they were able to make it only because of the acquisition. Thompson, CEO of Solarwinds accepts that the N-able is doing better than expected. They didn't do well in new business.
Thompson conceded that "license sales results did not meet our expectations."There is a large market for Network and Systems Management market. But no big company tapped it properly.
This trend shows Solarwinds will be doing around 318M down from the projection of around 335-340M earlier. If they do so, they will have a growth of 19% Y-O-Y in 2013 which is the lowest ever growth for them. Again the main contributor for this growth is N-able acquisition. Their basic products entered into a stagnation or even shrinking.
They are concentrating on various activities to increase the revenue in second half of 2013.
our outlook for the second half of 2013 includes aggressive investments in our business including new product features and modules, demand generation and branding activities, and additional resources within our sales and product development organizations,"Saravanan
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