Cen­tral Texas Di­gest:

Austin American-Statesman - - BUSINESS & PERSONAL FINANCE - Com­piled from staff re­ports

So­larWinds in­come rises, but out­look is dim­mer; Gar­riott-NC­soft set to square off; T-Mo­bile revs up lo­cal net­work

Shares of Austin-based So­larWinds Inc. fell sharply in ex­tended trad­ing af­ter the net­work man­age­ment soft­ware com­pany pro­vided a weak out­look for its third quar­ter and full year.

The com­pany re­ported sec­ond-quar­ter rev­enue of $35.5 mil­lion, up 31 per­cent from a year ear­lier, and profit of $8.8 mil­lion, up 30.7 per­cent.

But the com­pany noted a “higher level of un­cer­tainty” on sales to the fed­eral govern­ment and a soft­en­ing mar­ket in Europe. It fore­cast thirdquar­ter rev­enue of $35 mil­lion to $37 mil­lion, be­low an­a­lysts’ ex­pec­ta­tions.

The com­pany also low­ered its full-year out­look.

So­larWinds’ shares closed at $16.52, down 3.3 per­cent, in reg­u­lar trad­ing but fell an­other 9.2 per­cent in ex­tended trad­ing af­ter the re­port.

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