SolarWinds Q1 2014 total revenue up 32%

SolarWinds (NYSE: SWI) said its preliminary figures for total revenue for the first quarter showed USD95.9m, representing 32 percent year-over-year growth.

Combined maintenance and subscription revenue for the first quarter was USD59.6m, representing 41 percent year-over-year growth in recurring revenue.

Net cash provided by operating activities was USD42.6m for the first quarter of 2014 compared to USD30.9m for the first quarter of 2013, representing a year-over-year increase of 37.9 percent. Free cash flow was USD39.4m for the first quarter of 2014 compared to USD34.8m for the first quarter of 2013.

SolarWinds provides powerful and affordable IT management software to customers worldwide from Fortune 500 enterprises to small businesses. Its website is at http://www.solarwinds.com.

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