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Qualys, Inc. (NASDAQ: QLYS) is a pioneer and leading provider of cloud-based security and compliance solutions, serving over 10,300 customers in more than 130 countries, including a majority of the Forbes Global 100 and Fortune 100. Founded in 1999 and headquartered in Foster City, California, Qualys offers a comprehensive cloud platform that consolidates security and compliance solutions into a single, integrated platform. This helps organizations streamline their digital transformation initiatives for greater agility, better business outcomes, and substantial cost savings.
The Qualys Cloud Platform and its integrated cloud applications deliver continuous security intelligence, enabling businesses to automate the full spectrum of auditing, compliance, and protection for IT systems and web applications across on-premises environments, endpoints, and elastic clouds. Key products include Qualys Vulnerability Management, Detection and Response (VMDR), TotalCloud, and TruRisk.
Recent achievements highlight Qualys' strategic partnerships and expansions. For instance, Qualys' suite of security solutions is now natively integrated with Oracle Cloud Infrastructure (OCI). This partnership enhances the OCI Vulnerability Scanning Service-integrated Qualys experience, allowing Oracle customers to access Qualys solutions directly via the Oracle Cloud Marketplace.
Qualys also reported strong financial performance recently, with Q1 2024 revenues of $145.8 million and a GAAP net income of $39.7 million. Their financial guidance for Q2 2024 predicts revenues between $147.5 million and $149.5 million, reflecting steady growth.
Additionally, Qualys continues to innovate and expand its product offerings. The recent launch of CyberSecurity Asset Management 3.0 integrates vulnerability assessment with external attack surface management, providing a comprehensive, real-time view of potential risks. This solution helps organizations eliminate false positives and improve their security posture.
Qualys is also making strides in the public sector by enhancing the capabilities of its TruRisk Platform to support federal zero-trust strategies. This involves automated asset visibility and attack surface risk management to comply with federal guidelines.
With its ongoing commitment to innovation and strategic collaborations, Qualys remains a significant player in the cybersecurity and compliance landscape.
Qualys (NASDAQ: QLYS) reported strong financial results for Q4 and full year 2024. Q4 revenues increased 10% year-over-year to $159.2 million, with GAAP net income of $44.0 million ($1.19 per diluted share) and non-GAAP net income of $59.4 million ($1.60 per diluted share).
For full year 2024, revenues grew 10% to $607.6 million, with GAAP net income reaching $173.7 million ($4.65 per diluted share) and non-GAAP net income of $229.0 million ($6.13 per diluted share). The company maintained strong margins with a GAAP gross margin of 82% and non-GAAP gross margin of 83%.
Notable achievements include the launch of the Risk Operations Center with Enterprise TruRisk Management and impressive MITRE ATT&CK results for their EDR solution. The company also announced a $200 million increase to its share repurchase program.
Qualys (NASDAQ: QLYS) has launched the Managed Risk Operations Center (mROC) Partner Alliance, enabling select partners to expand revenue streams through comprehensive cyber risk management services. The initiative, powered by Qualys Enterprise TruRisk™ Management (ETM), helps partners offer advisory, onboarding, integration, and remediation services through a unified managed service.
The mROC Partner Alliance addresses the challenge of managing scattered risk findings across different tools by consolidating diverse risk insights into a unified view. The program quantifies cyber risk in terms of Business Value at Risk and provides automated risk reduction solutions. Partners can offer four key services: Cyber Risk Advisory, Onboarding and Integration, Continuous Risk Monitoring, and Risk Remediation Services.
Partners benefit from revenue growth opportunities within Qualys' existing customer base, free training, and enablement resources, including product training, roadmap discussions, and technical guidance.
Qualys (NASDAQ: QLYS) has announced TotalAppSec, a new AI-powered application risk management solution launching in Q1 2025. The platform integrates API security, web application scanning, and AI-driven malware detection into a unified solution for monitoring and mitigating cyber risks across on-premises, hybrid, and multi-cloud environments.
TotalAppSec leverages the Qualys Enterprise TruRisk™ Platform to discover known, unknown, and shadow web applications and APIs, detect critical vulnerabilities including OWASP Top 10, and utilize deep learning algorithms for malware detection. The solution addresses the growing security challenges highlighted in the 2024 Verizon DBIR Report, which indicates web applications as the primary entry point for breaches, with 68% involving human elements and 32% utilizing ransomware attacks.
Key features include auto-discovery of applications and APIs, risk-based prioritization using Qualys TruRisk™, AI-powered scanning, and seamless integration with CI/CD pipelines and ITSM systems like ServiceNow and JIRA.
Qualys (NASDAQ: QLYS), a cloud-based IT, security and compliance solutions provider, has announced it will release its fourth quarter 2024 financial results after market close on February 6, 2025. The company will host a conference call and live webcast at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on the same day to discuss the results. Investors can access the conference call through registration, while the webcast, investor presentation, and prepared remarks will be available at the company's investor relations website. A replay of the conference call will be accessible through the same webcast link after the event.
Mulberri and Qualys (NASDAQ: QLYS) have announced a collaboration to provide exclusive cyber insurance discounts for eligible Qualys customers. The initiative targets SMEs, who face increasing cyberattacks affecting 68% of organizations annually. The partnership offers comprehensive coverage including protection against data breaches, ransomware, and network interruptions, with a streamlined application process requiring just one underwriting question. Through Qualys' Risk Operations Center (ROC) and Enterprise TruRisk Management, the collaboration aims to transform cyber insurance underwriting by providing real-time risk assessment capabilities.
Qualys (NASDAQ: QLYS) has announced its management's participation in the upcoming UBS' Global Technology and AI Conference. President and CEO Sumedh Thakar and CFO Joo Mi Kim will engage in a fireside chat on December 3, 2024, at 8:15am MST in Scottsdale, Arizona. They will also host one-on-one meetings with interested investors.
The fireside chat will be available via live webcast on the Qualys investor relations page, with a replay accessible afterward at the same location.
Qualys (NASDAQ: QLYS) reported strong Q3 2024 financial results with revenue growing 8% year-over-year to $153.9 million. The company achieved GAAP net income of $46.2 million ($1.24 per share) and non-GAAP net income of $58.0 million ($1.56 per share). Notable launches included TruRisk Eliminate and Qualys TotalAI. The company raised its 2024 guidance, now expecting revenue of $602.9-$605.9 million and non-GAAP EPS of $5.81-$5.91.
Qualys VMDR has been recognized as the only solution to achieve both 'Outperformer' and 'Leader' status in the 2024 GigaOm Radar Report for Continuous Vulnerability Management (CVM). The platform received a perfect 5/5 score for its risk-based assessment, incorporating asset criticality, risk factors, and threat intelligence from 25 different feeds. GigaOm reviewed over 20 vendors, with VMDR maintaining its leadership position for the fourth consecutive year. Additionally, Qualys Web Application Security was named a 'Leader' in the GigaOm Radar Report for Application Security Testing, noted for its comprehensive scanning capabilities and automation features.
Qualys, Inc. (NASDAQ: QLYS), a leading provider of cloud-based IT, security and compliance solutions, has announced that it will report its financial results for the third quarter 2024 after the market closes on Tuesday, November 5, 2024. The company will host a conference call and live webcast to discuss these results at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on the same day.
Interested parties can register for the conference call online. A live webcast of the earnings conference call, along with an investor presentation and prepared remarks, will be accessible at https://investor.qualys.com/events-presentations. A replay of the conference call will also be available through the same webcast link following the conclusion of the call.
Qualys (NASDAQ: QLYS) has launched the industry's first Risk Operations Center (ROC) with Enterprise TruRisk Management (ETM) at the Qualys Security Conference. This innovative solution aims to transform cybersecurity risk management by unifying diverse security data into actionable insights. The ROC consolidates risk data from both Qualys and non-Qualys sources, including technology alliances like Forescout, Okta AI, Microsoft, Oracle, and Wiz.
Key features of Qualys ETM include:
- Ingesting and unifying risk factors from various security tools
- Aligning risk to business value for better communication of financial impact
- Automated remediation workflows to reduce cyber risk
The solution is designed to help organizations overcome challenges posed by fragmented risk data and enable more informed decision-making in cybersecurity management.
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