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SolarWinds Profit Forecast Trails Estimates After Hack

  • SolarWinds had $3.5 million in costs last quarter from attack
  • As many as 18,000 customers received malicious code in updates
SolarWinds Adviser Warned Of Lax Security Years Before Hack
Photographer: Bronte Wittpenn/Bloomberg
Updated on

SolarWinds Corp., a software maker at the center of a major supply-chain cyber-attack, forecast earnings that were lower than analysts’ estimates as the company grapples with the cost of cleaning up the hack and sprawling government and private-sector investigations reveal a deepening impact.

The Austin, Texas-based company said Thursday that adjusted earnings for the current quarter will be 19 to 20 cents per share, versus an analysts’ average estimate of 22 cents per share. Adjusted revenue will be $247 million to $252 million, versus the estimate of $253.8 million.