Qualys, Inc. reports developments in cloud-based IT, security and compliance solutions delivered through a subscription software platform. Company news commonly covers financial results and guidance, Enterprise TruRisk Management, product releases such as Agent Val and TruConfirm-enabled exploit validation, cyber risk management partnerships, customer adoption, partner-channel activity, share repurchase actions, and investor-conference participation.
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.
Qualys, Inc. (NASDAQ: QLYS) has introduced Qualys Context XDR, the first context-aware extended detection and response solution, designed to tackle cybersecurity threats. Leveraging the Qualys Cloud Platform, it combines asset inventory, network telemetry, and advanced threat intelligence to swiftly identify risks and minimize alert fatigue. This platform processes over 10 trillion data points and offers capabilities like patching and quarantining to enhance security operations. The solution is currently available for demo.
Qualys, Inc. (NASDAQ: QLYS) announced an update to its Qualys Cloud Platform, introducing advanced remediation capabilities for enhanced security. This feature enables organizations to resolve asset misconfigurations and patch various applications efficiently, streamlining their processes into a single application. According to CEO Sumedh Thakar, this change will improve response times and cyber defenses against vulnerabilities like Spectre/Meltdown. The updated Qualys Patch Management integrates seamlessly with its Vulnerability Management, Detection, and Response (VMDR), allowing for comprehensive vulnerability remediation.