SolarWinds Inc (NYSE:SWI) improves its sales prospects


Dallas, Texas 07/08/2013 (Financialstrend) – The players in the solar power industry such as SolarWinds Inc (NYSE:SWI) and Splunk Inc. allowed for the empowerment of their customers by enabling them to gain dominance over the complex digital networks and thereby convert data obtained from numerous information sources into valuable business insights for their companies. SolarWinds Inc (NYSE:SWI) is effectively providing its customers with digital network and server monitoring software platform which is based on a unique business model and thereby enables the companies to incur lower operating costs in their businesses.

Furthermore, SolarWinds Inc (NYSE:SWI) manages to curb its costs incurred for the research and development to around 10 percent of its revenue by effectively recruiting resource persons for research from such regions as Chennai, India and Brno, Czech Republic, instead of recruiting resources from Austin, Texas. In addition, the company does not have any field sales representatives, given that the sales of the company’s products are directly done through the company’s website. In addition, the inside sales team of SolarWinds Inc (NYSE:SWI) improves significantly the sales prospects of the company by closing around 70 percent of the deals within less than 20 days.

Shares of SolarWindsInc (NYSE:SWI) closed at $41.87 per share on Friday, recording an increase of 6.76 percent for the day. The stock price fluctuated during the day between $39.38 and $41.90, after opening at $39.63 on Friday. Shares of SolarWindsInc (NYSE:SWI) have a 52-week low price of $37.96 and a 52-week high price of $61.52.

As for the specific percentage of the equity ownership structure in the company, institutional owners hold 87 percent share of the total equity capital in SolarWinds Inc (NYSE:SWI) and there are 75.20 million shares outstanding in the market. The company recorded an average volume of trading at 748,420 shares per day.

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