SolarWinds Inc (NYSE:SWI) Q2 earnings shows a growth of 21%


Dallas, Texas 07/29/2013 (Financialstrend) – SolarWinds Inc (NYSE:SWI) now announced the result of Australia-based IT professionals survey which is conducted in the month of May, it is reported that IT graduates need more practical experience and generalist skill sets to go in hand with potential skills gap in the future and accelerating network complexity. The survey was focused to better understand the IT professionals who are the driving forces behind growing network complexity and to find their skills which are to in order to stay competitive developed in order to stay competitive, Out of surveyed Australian IT professionals, only 11% agreed that higher education was adequate for their current IT role, over 36% agreed that they understand in today’s challenges of network complexity priorities is the single most important skill set required, two third of them said employers should invest in employees training to prepare as networks grow more complex.

Recently the company also announced its second quarter results where it was reported a revenue growth of 21% or $77.5 million, maintenance revenue with the increase of 31% to $45.4 million, license revenue grew 6% to $31.1, cash from operating activities increased to $40.7 million from $33.2 million in the same period last year.

The share of SolarWinds Inc (NYSE:SWI) was bearish by 22.20% on Friday to close down for the day with $35.86 per share. The company had recorded the trading day low price of $35.50 and high price of $38.00 on Friday. For the last twelve months of trading, the low price of the stock is at $35.50 and high price of the stock is at $61.52 per share. Currently there are 75.12 million shares of the company outstanding in the market and 87% institutional ownership. The trading volume of the company on Friday was 8.44 million shares and the trading volume over the past 30 days of the company was 713,068.00 shares per day. The total market value of the company is 2.69 billion.