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solarwinds Solar Winds Announces First Quarter 2021 Results AUSTIN , Texas - April 29 , 2021 - SolarWinds Corporation ( NYSE : SWI ) , a leading provider of powerful and affordable IT management software , today reported results for its first quarter ended March 31 , 2021 . On a GAAP basis : Total revenue for the first quarter of $ 256.9 million , representing 4.0 % year - over - year growth . Total recurring revenue for the first quarter of $ 232.0 million , representing 10.5 % year - over - year growth . Total recurring revenue includes : 0 Maintenance revenue for the first quarter of $ 123.0 million , representing 5.8 % year - over - year growth . Subscription revenue for the first quarter of $ 109.0 million , representing 16.4 % year - over - year growth . Net loss for the first quarter of $ 7.2 million . O Exhibit 99.1 On a non - GAAP basis : Non - GAAP total revenue for the first quarter of $ 257.0 million , representing 3.4 % year - over - year growth . Non - GAAP total recurring revenue for the first quarter of $ 232.1 million , representing 9.7 % year - over - year growth . Non - GAAP total recurring revenue includes : O 0 Non - GAAP maintenance revenue for the first quarter of $ 123.0 million , representing 5.8 % year - over - year growth . Non - GAAP subscription revenue for the first quarter of $ 109.1 million , representing 14.6 % year - over - year growth . Adjusted EBITDA for the first quarter of $ 106.5 million , representing a margin of 41.4 % of non - GAAP total revenue . For a reconciliation of our GAAP to non - GAAP results , please see the tables below . " Our first quarter results , which exceeded the high end of our previously provided outlook with respect to both non - GAAP total revenue and adjusted EBITDA , are a testament to our team's focus and commitment " said Sudhakar Ramakrishna , president and Chief Executive Officer , SolarWinds . " We continue to deliver value , enhance our relevance , and make significant progress executing on our ' secure by design ' initiative . We believe the resiliency we see in our business , coupled with the ongoing commitment and support from our customers and partners , gives us a strong momentum on our journey to help all manner of IT professionals transform their businesses faster in a hybrid IT world . ” Additional highlights include : SolarWinds announced the APM Integrated Experience for the SolarWinds® application performance management ( APM ) solutions - AppOptics ™ , Loggly® , and Pingdom® - consolidating access to application performance metrics , traces , logs , and user experience into a common navigation experience for technology professionals . The new APM Integrated Experience helps reduce much of the complexity associated with modern APM by streamlining visibility into critical application and infrastructure performance and empowering tech pros with faster , easier troubleshooting . A number of key customers , including the company's largest customer and those in the federal sector , completed multi - year renewals and license expansions in the first quarter , validating the team's proactive and sustained efforts to ensure the safety and security of customers while delivering industry leading solutions . The company plans to continue efforts to build momentum in the Database monitoring segment with the formation of a dedicated core team to capture a large and growing market opportunity .