Qualys Inc - QLYS STOCK NEWS

Qualys (NASDAQ: QLYS) reported strong Q2 2024 financial results, with revenue growth of 8% year-over-year to $148.7 million. The company's GAAP EPS reached $1.17, while non-GAAP EPS was $1.52. Qualys demonstrated solid performance across key metrics:

- GAAP net income increased 24% to $43.8 million
- Non-GAAP net income rose to $56.9 million
- Adjusted EBITDA grew 6% to $69.9 million
- GAAP gross margin improved to 82%
- Non-GAAP gross margin expanded to 84%

The company highlighted its ongoing innovation in cloud-based IT, security, and compliance solutions, reinforcing its position as a leader in risk management platforms.

Qualys, Inc. (NASDAQ: QLYS) has announced the expansion of its portfolio with Qualys TotalAI, a solution designed to address security and compliance challenges associated with generative AI and large language model (LLM) applications. The new offering aims to secure AI workloads, prevent model theft, and detect sensitive data disclosure.

Key features of Qualys TotalAI include:

• Discovery and classification of AI and LLM assets
• Assessment and remediation of AI software vulnerabilities
• Evaluation of LLMs for critical attack exposures
• Alignment with OWASP Top 10 for LLMs

The solution is set to be available in Q4 2024, with early access sign-ups currently open. Qualys TotalAI aims to empower organizations to leverage AI benefits while maintaining rigorous security standards.

Qualys (NASDAQ: QLYS) is expanding its TruRisk Eliminate platform with new solutions: TruRisk Mitigate and Isolate. These complement patch management, helping organizations reduce security risks without always needing to patch. The platform addresses the challenge of 5 million instances of CISA Known At-risk assets that can't be patched.

Key features include:

• Mitigating risks without patching or rebooting
• Isolating risky assets proactively
• Integrating with IT operations and ticketing workflows
• Offering rule-based workflow orchestration

TruRisk Eliminate aims to provide comprehensive risk reduction capabilities, enabling teams to mitigate nearly 100% of CISA Known Exploited Vulnerabilities (KEV) and ransomware vulnerabilities. The solution will be available in September 2024.

Qualys, Inc. (NASDAQ: QLYS), a leading provider of cloud-based IT, security and compliance solutions, has announced it will report its second quarter 2024 financial results on Tuesday, August 6, 2024, after the market closes. 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.

Investors and interested parties can access the conference call by registering online. A live webcast of the earnings call, along with an investor presentation and prepared remarks, will be available at the Qualys investor relations website. A replay of the conference call will also be accessible through the same webcast link after the call concludes.

Qualys (NASDAQ: QLYS) has been awarded the Best Vulnerability Management Solution at the 2024 SC Awards Europe for the second consecutive year. The accolade recognizes their Vulnerability Management, Detection and Response (VMDR) solution, which proactively identifies and mitigates vulnerabilities. The SC Awards praised Qualys VMDR for its holistic approach and strong application in the market. The solution has also been recognized at the 2023 SC Awards Europe and the 2022 SC Media Awards in the U.S.

Greg Coutouvidis from Centrica highlighted the effectiveness of VMDR with TruRisk, noting its ability to prioritize high-risk vulnerabilities using lightweight cloud agents. Chief Product Officer Pinkesh Shah expressed pride in the achievement, reflecting Qualys' commitment to protecting organizations from cyber threats.

Qualys has announced enhancements to its Enterprise TruRisk Platform, aimed at supporting federal agencies' zero-trust implementation in compliance with OMB M-24-04 and CISA BOD 23-01 guidelines. The platform now integrates External Attack Surface Monitoring, risk-based vulnerability management, and patch management into a single, FedRAMP-authorized solution. This update helps agencies achieve real-time visibility and automated compliance, focusing on asset discovery, vulnerability assessment, and risk prioritization. The new solutions aim to address the 31% of unknown assets and the 45% of assets with undefined criticality in agencies.

These enhancements allow organizations to discover and manage both known and unknown attack surfaces, streamline vulnerability remediation, and fast-track zero-trust strategies. They also offer seamless integration for compliance with FISMA's broader risk assessment and remediation requirements.

Qualys is hosting a Public Sector Cyber Risk Conference in Washington D.C. to further discuss these improvements.

Qualys, Inc. (NASDAQ: QLYS) will be participating in William Blair's 44th Annual Growth Stock Conference where the president, CEO, and CFO will host one-on-one meetings and a fireside chat in Chicago on June 5, 2024. The event will feature a live webcast accessible on the Qualys investor relations page and a replay will be available post-event.

Qualys, Inc. announced its first-quarter 2024 financial results, showcasing a 12% year-over-year revenue growth. The company reported impressive GAAP EPS of $1.05 and Non-GAAP EPS of $1.45, raising its 2024 GAAP EPS guidance to $3.26-$3.50 and Non-GAAP EPS guidance to $5.06-$5.30. With strong profitability and continuous innovation, Qualys positioned itself as a leader in risk management, offering advanced solutions to eliminate cyber risk. The company's financial highlights include revenue growth, increased gross profit, operating income, net income, adjusted EBITDA, and operating cash flow.

Qualys, Inc. (NASDAQ: QLYS) has launched CyberSecurity Asset Management 3.0, an expansion of the Enterprise TruRisk Platform. This update provides cybersecurity teams with an accurate, real-time view of the external attack surface, reducing false positives and mitigating risks. The release introduces an EASM engine, passive sensing for IoT and rogue devices, and third-party API-based connectors. It consolidates asset discovery, enhances attack surface coverage, and enables organizations to gain precise insights, reduce false positives, and eliminate unknown assets in real-time.