Qualys, Inc. - QLYS STOCK NEWS

Qualys, Inc. has launched Custom Assessment and Remediation, enhancing its Qualys Cloud Platform to enable quicker responses to zero-day threats and facilitate compliance audits for custom applications. This solution empowers security teams to create custom scripts and automate workflows, significantly reducing mean time to respond (MTTR) to threats. It integrates easily into existing processes and provides access to a centralized library of scripts for efficiency. The solution is immediately available and aims to streamline security operations for organizations worldwide.

Qualys, Inc. (NASDAQ: QLYS) announced that it will participate in the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference on May 24, 2022. Management, including president and CEO Sumedh Thakar and CFO Joo Mi Kim, will engage in one-on-one meetings and a fireside chat at 9:30 a.m. ET. A live webcast will be available on the Qualys investor relations page, along with a replay post-event. With over 10,000 subscribers, Qualys offers cloud-based security and compliance solutions, enhancing operational efficiency for organizations worldwide.

Qualys, Inc. (NASDAQ: QLYS) reported a strong start to 2022, with Q1 revenues increasing by 17% to $113.4 million. GAAP EPS rose to $0.64 and non-GAAP EPS to $0.89. The company's gross profit also increased by 19%, reflecting a GAAP gross margin of 79%. Operating cash flow surged by 37% to $79 million. Additionally, Qualys raised its full-year revenue guidance to $484-486.5 million and announced a $200 million increase to its share repurchase program. Their innovative products continue to gain traction, with a noted 40% customer penetration for its VMDR application.

Qualys (NASDAQ: QLYS) has announced the launch of an enhanced channel and integration partner program, reinforcing its commitment to partners as a key growth strategy. This initiative provides resellers with access to the Qualys Cloud Platform and over 20 IT, security, and compliance applications. The program aims to enrich partner benefits, offer technical certifications, and enable diverse partnerships across the cybersecurity space. Qualys' focus on collaboration is designed to reduce risks and enhance continuous security for enterprises.

Qualys, Inc. (NASDAQ: QLYS) will announce its first quarter 2022 financial results after market close on May 4, 2022. A conference call will occur at 5:00 p.m. ET the same day, where executives will discuss the results. Participants can join via phone or through a live webcast available on the company’s investor relations website. Qualys provides cloud-based IT security and compliance solutions, serving over 10,000 subscription customers, including many Fortune 100 companies.

Qualys (NASDAQ: QLYS) has launched Multi-Vector EDR 2.0, enhancing its threat-hunting capabilities and risk mitigation. The new features improve alert prioritization and response times, addressing the overwhelming number of security alerts organizations face. By integrating with vulnerability and patch management, the EDR solution reduces incident volumes and focuses on critical threats. Qualys's participation in MITRE Engenuity Evaluations demonstrated a 100% detection rate throughout simulated attacks, showcasing improved security efficacy.

Qualys, Inc. (NASDAQ: QLYS) has appointed Arjet Skenduli as the new chief accounting officer. Skenduli brings extensive financial experience, having previously served at Talend S.A. and Omnicell, Inc., and holds degrees in financial management and accounting. This leadership change aims to enhance Qualys' financial strategy as it continues to provide cloud-based IT, security, and compliance solutions.

Qualys, Inc. (NASDAQ: QLYS) announced its participation in two upcoming investor conferences. Management, including Sumedh Thakar, CEO, and Joo Mi Kim, CFO, will engage in a fireside chat and host one-on-one meetings. The events are scheduled for March 8, 2022, at 9:00 a.m. PT during the JMP Securities Technology Conference, and March 9, 2022, at 4:10 p.m. PT at the Morgan Stanley Technology, Media, and Telecom Conference. A live webcast will be available on the company's investor relations page.

Qualys, Inc. (NASDAQ: QLYS) reported Q4 and full-year 2021 results, with Q4 revenues of $109.8 million, a 16% increase year-over-year. GAAP net income was $21.8 million or $0.55 per diluted share. For FY 2021, revenues reached $411.2 million, up 13%, while GAAP net income decreased to $71.0 million or $1.77 per diluted share. The company highlighted strong adoption of its VMDR application, now at 36% customer penetration, and announced several innovations and partnerships aimed at enhancing market presence.