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On October 20, 2021, SolarWinds fell sharply after company reported in a premarket filing that it made errors in reporting its total annual recurring revenue and core IT management total annual recurring revenue for the quarter ended June 30.
Corrected total annual recurring revenue was $973.9 million, whereas the Company had reported $992.5 million in its 10-Q.
Corrected Core IT Management Total ARR was $621.1 million, whereas the Company had reported $639.7 million in the August filing.