It has been a record first quarter for the Austin-based software provider SolarWinds, reaching $43 million revenue with a $11.7 million.
The quarter included revenue from the recent acquisition of the virtualization management software developer Hyper9. CFO Mike Berry says:
“We generated higher than expected margins and cash flow and even grew our cash balance despite the acquisition of Hyper9”.
SolarWinds growth is supposed to continue. In Q2, the company expects revenue between $43.2 million and $44.7 million. Last month, a spokesman said they are hiring between 20 and 25 people per month, stressing the high growth rate of the company.