12:48 PM EDT, 05/02/2024 (MT Newswires) -- SolarWinds ( SWI ) shares rose 4.4% in recent Thursday trading after the company's Q1 results beat market expectations.

The company reported Q1 non-GAAP earnings of $0.29 per diluted share, up from $0.20 a year earlier.

Analysts polled by Capital IQ expected $0.22.

Revenue for the quarter ended March 31 was $193.3 million, up from $186 million a year ago.

Analysts surveyed by Capital IQ expected $191.1 million.

For Q2, SolarWinds ( SWI ) said it expects non-GAAP EPS between $0.21 and $0.23 on revenue between $186 million and $191 million. Analysts polled by Capital IQ expect normalized EPS of $0.23 and revenue of $190 million.

The company expects full-year 2024 non-GAAP EPS between $1.00 and $1.04 on revenue between $771 million and $786 million. Analysts surveyed by Capital IQ expect normalized EPS of $0.97 and revenue of $779.5 million.

Price: 11.56, Change: +0.49, Percent Change: +4.43