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What: Shares of IT infrastructure company Solarwinds (NYS: SWI) jumped 10% today after the company released fourth-quarter earnings.
So what: Revenue rose 34.3% in the quarter to $55.6 million, topping estimates of $53.65 million from analysts. Earnings per share of $0.29 beat estimates by $0.04.
Now what: This caps a strong year of growth for Solarwinds, with revenue growing 30% over last year. The company sees 2012 revenue between $245 million to $255 million and earnings of $1.10 to $1.15 per share. That was in line with what analysts had expected and would be another year of solid growth for the company.
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At the time thisarticle was published Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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