SolarWinds Announces First Quarter 2021 Results By Staff 2 mins ago AUSTIN, Texas–(BUSINESS WIRE)–#Q12021results–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: 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. On a non-GAAP basis: