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SolarWinds warns of weak second quarter
April 30, 2013 / 10:10 PM / 4 years ago

SolarWinds warns of weak second quarter

April 30 (Reuters) - Network management software maker SolarWinds Inc forecast weak second-quarter results as it struggles to sell new licenses.

SolarWinds shares fell 10 percent in extended trading.

The company, which makes software to move data over business networks, expects second-quarter adjusted earnings of between 37 cents and 38 cents a share, on revenue of $77.8 million to $78.8 million.

Analysts were expecting adjusted earnings of 39 cents a share and revenue of $80.7 million.

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