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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) has launched External Attack Surface Management (EASM) capabilities within its CyberSecurity Asset Management 2.0 platform to enhance security for enterprises. This integration allows for continuous detection of unknown internet-facing assets and improves the overall risk posture by providing insights from an external attacker's viewpoint. Organizations can now synchronize their data, identify vulnerabilities, and prioritize remediation efforts through automated workflows. The solution is available to current customers in preview and will be fully launched by mid-September.
Qualys, Inc. (NASDAQ: QLYS) is set to lead multiple speaking sessions at Black Hat 2022 and DEF CON 30, aiming to enhance IT, security, and compliance via its unified cloud platform. Key highlights include enhanced VMDR 2.0, which reportedly helps reduce risk by 23% to 50%, and CyberSecurity Asset Management 2.0, enabling continuous external attack surface monitoring. Qualys will showcase its innovative solutions and share best practices from leading customers, including Euronet Worldwide. The company has over 10,000 subscription customers globally and emphasizes automation and agility in security solutions.
Qualys (NASDAQ: QLYS) will release its second quarter 2022 financial results on August 8, 2022, after market close. The company will hold a conference call and live webcast at 5:00 p.m. Eastern Time on the same day to discuss the results. Qualys is a leading provider of cloud-based security, compliance, and IT solutions, serving over 10,000 subscription customers, including major Fortune 100 companies. The Qualys Cloud Platform enables automated security intelligence and vulnerability management across various IT environments.
Qualys, Inc. (NASDAQ: QLYS) has launched VMDR 2.0, a cloud-based solution enhancing vulnerability management with a drag-and-drop interface for prioritizing threats. The update addresses the doubling of disclosed vulnerabilities over five years and the challenge of cyber talent shortages. Customers utilizing the new TruRisk capability reported up to a 50% reduction in risk while managing 28% fewer critical vulnerabilities. The solution integrates tightly with ITSM tools like ServiceNow, enabling streamlined operations. VMDR 2.0 will be available for free trials in late June.
Qualys (NASDAQ: QLYS) will host the Qualys Security Conference (QSC) in San Francisco on June 7-8, 2022, coinciding with RSAC. The conference will launch updates to its Vulnerability Management, Detection and Response (VMDR) solution, enhancing capabilities for managing cybersecurity risks. Keynote speakers will include Sumedh Thakar, CEO, and Nagi Prabhu, Chief Product Officer, focusing on security automation. The event features live demos, customer presentations, and training sessions aimed at improving security management practices.
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.