Qualys Inc

QLYS

Equity

ISIN US74758T3032 / Valor 19549949

NASDAQ (2024-09-16)

USD 126.46+0.19%

Qualys Inc
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About company

Qualys Inc, founded in 1999, is a pioneering firm in the Software as a Service (SaaS) security sector, leveraging its early entry into cloud-based security to establish itself as a key player in the cybersecurity landscape. The company has formed strategic partnerships with major cloud providers such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform, as well as with a wide array of managed service providers and consulting organizations including Accenture, BT, and IBM, among others. This network of partnerships underscores Qualys' integral role in the cybersecurity ecosystem, providing a broad security product portfolio that addresses a range of digital security needs. Under the leadership of industry veterans like CEO Sumedh Thakar, who has been with the company since 2003, Qualys has focused on developing and enhancing its offerings to help organizations navigate the complexities of securing their digital assets in the cloud era. The company's executive team, with extensive experience across cybersecurity disciplines, drives innovation and operational excellence, ensuring Qualys remains at the forefront of the industry in providing scalable, cloud-based security solutions.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Qualys Inc. reported revenues of $148.7 million for the second quarter of 2024, marking an 8% increase compared to $137.2 million for the same quarter in 2023. This growth underscores the company's expanding market presence and customer base.

Net Income

For the second quarter of 2024, Qualys Inc. achieved a GAAP net income of $43.8 million, or $1.17 per diluted share. This represents a 24% increase compared to $35.4 million, or $0.95 per diluted share, for the same quarter in 2023.

Operating Income

Qualys Inc.'s GAAP operating income for the second quarter of 2024 increased by 12% to $48.1 million compared to $42.8 million for the same quarter in 2023. As a percentage of revenues, GAAP operating income was 32% for the second quarter of 2024, up from 31% in the same quarter of the previous year.

Adjusted EBITDA

Adjusted EBITDA for Qualys Inc. in the second quarter of 2024 was $69.9 million, a 6% increase from $65.8 million in the same quarter of 2023. Adjusted EBITDA as a percentage of revenues was 47% for the second quarter of 2024, slightly down from 48% in the same quarter of the previous year.

Financial Outlook

For the third quarter of 2024, Qualys Inc. expects revenues to be in the range of $149.8 million to $151.8 million, representing 5% to 7% growth over the same quarter in 2023. For the full year 2024, the company anticipates revenues between $597.5 million and $601.5 million, reflecting an 8% growth over 2023.

Summarized from source with an LLMView Source

Key figures

-15.6%1Y

5.95%3Y

57.5%5Y

Performance

32.4%1Y

38.9%3Y

40.2%5Y

Volatility