$49 per month*
Become a smarter investor today.
Become a smarter investor today.
This statistic highlights SolarWinds Corp’s Number Of Customers, split across Customers with 100k+ in TTM spend, and the total number of customers, reported on a quarterly basis.
The Company’s products give associations worldwide, whatever of type, size, or IT structure complication, the power to cover and manage the performance of their IT surroundings, whether on- ground, in the cloud, or hybrid models. They combine significant, scalable, affordable, easy-to-use products with a high-velocity, low-touch trades model to grow our business while similarly generating significant cash flow.
|Period||Q3 2020||Q2 2021||Q3 2021|
|Customers with 100K+ in TTM spend||1,004||1,107||786|
|Total no. of customers||3,37,000||3,45,000||3,17,000|
Total customers steadily decreased from 3,38,004 to 3,17,786 on a YOY basis between Q3 2020 and Q3 2021. Similarly, there was also a decline of 0.08% between Q2 2021 and Q3 2021 when the number of customers decreased from 3,46,107 to 3,17,786. The Orion Software Platform is installed “ on- demesne” within customers’ IT surroundings, so they are unable to determine with particularity the number of customers that installed an affected interpretation or that were ventured as a result of Sunburst.
SolarWinds believes the actual number of customers that could have installed an affected interpretation of the Orion Software Platform to be smaller than 18000.
Customers with 100k+ in TTM spend
The Company also engages with both being and prospective clients exercising their online communities likewise as THWACK and MSP Institute. These communities are designed to train and inform technology professionals about their products keep connected to them and give network effects to develop word-of-mouth marketing for their products.
During the time the company had over 3,00,000 accounts. While some customers may spend as short as $100 with them over twelve months, they had 786 customers who spent further than $1,00,000 with them for the trailing twelve-month.
The number of customers has a downfall of 21.4% on a YOY basis and 28.5% on a QOQ basis. While during the quarter Q4 2020 and Q2 2021 the company has increased its number of customers to 1,057 and 1,107 respectively as compared to Q3 2020.
Total no. of customers
SolarWinds define customers as individuals or entities that have bought one or more of their products under a unique client identification number since their commencement for their perpetual license products and individualities or realities that have an active subscription for at least one of its subscription products.
Each unique client identification number constitutes a separate customer anyhow of the amount purchased. They may have multiple purchasers of their products within a single association, each of which may be assigned a unique customer identification number and supposed a separate customer.
The company’s customer growth rate has slowed down to 5.93% from 3, 37,000 in Q3 2020 to 3,17,000 in Q3 2021. It has also shown a decline in numbers on a QOQ basis.
About the company
SolarWinds Inc. is an American company that develops software for businesses to help manage their networks, complexes, and information technology infrastructure. It’s headquartered in Austin, Texas, with deals and product development agencies in several places in the United States and several other countries. SolarWinds is a leading provider of data technology, or IT, structure administration software.
They constantly have interaction with era professionals—IT provider and operations professionals, DevOps and SecOps professionals, and database administrators (DBAs) – to recognize the demanding situations they face in keeping high-appearing and especially to be had IT infrastructures, applications, and environments. The insights that benefit from them, in locations like their THWACK community, permit them to cope with customers` desires now, and inside the future. The Company’s awareness of the person and dedication to excellence in stop-to-stop hybrid IT control has mounted SolarWinds as an international chief in answers for observability, IT provider control, utility performance, and database control.
This business is concentrated on building products that enable technology professionals to manage “all belongings IT.” Solar winds continuously engage with technology professionals to understand the challenges they face maintaining high-performing and largely available premises, public and private cloud, and hybrid IT infrastructures. The insights they gain from engaging with technology professionals allow them to make products that work out well-understood and IT management challenges in such ways that technology professionals want to be answered.
Did you like SolarWinds Corp’s Number Of Customers statistic?
Access more such KPI data points and segment financials on thousands of US stocks, with Business Quant.
You can get started here.
Always know what you’ll pay. No hidden costs or surprises.
* Billed annually, local taxes extra.
* Local taxes extra.