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 the passing of its former CEO and chairman, Philippe Courtot, on June 5, 2021, at the age of 76. Courtot led the company for over 20 years, guiding its growth into a leading provider of cloud-based security solutions. He became CEO in March 2001 and oversaw the company's IPO in 2012. Under his leadership, Qualys expanded its global reach with over 19,000 active customers, including many Fortune 100 companies. The company plans to honor his legacy by continuing to grow based on his vision.
On May 18, 2021, Qualys, Inc. (NASDAQ: QLYS) launched CyberSecurity Asset Management (CSAM), a solution designed to enhance IT asset visibility and security on its cloud platform. CSAM addresses digital transformation challenges by providing a comprehensive inventory of assets, detecting security gaps, and facilitating risk response. It integrates with ServiceNow CMDB for accuracy and uses multiple sensors for asset information. The service aims to empower security teams with timely alerts and compliance reporting. CSAM will be available in June 2021, along with a free trial waiting list.
Qualys, a leader in cloud-based IT security, reported Q1 2021 revenues of $96.8 million, up 12% year-over-year. The company achieved a GAAP net income of $0.2 million and a non-GAAP net income of $29.8 million with a diluted EPS of $0.01 (GAAP) and $0.74 (non-GAAP). Operating cash flow increased 10% to $57.9 million. The strong adoption of their VMDR application contributed significantly to growth. Qualys is optimistic about its strategic direction and long-term value for shareholders.
Qualys, Inc. (NASDAQ: QLYS) has appointed Allan Peters as its new Chief Revenue Officer as of May 10, 2021. Peters, with over 20 years of executive experience in the cybersecurity sector, aims to enhance the company's revenue performance and drive growth through integrated cloud security solutions. His appointment is expected to strengthen Qualys' sales leadership, addressing the growing security challenges in a complex technology landscape. Qualys serves over 19,000 customers globally, offering real-time visibility and compliance through its cloud-based platform.
Qualys, Inc. (NASDAQ: QLYS), a leading provider of cloud-based IT security solutions, announced the expansion of its endpoint security solution to include real-time threat detection and blocking capabilities. This enhancement allows for a more comprehensive approach to security by integrating risk mitigation with threat detection. The Multi-Vector EDR solution can automatically quarantine malware, detect advanced threats, and prevent phishing attacks. Available for public beta for Windows endpoints, it consolidates security functionalities, enhancing efficiency and reducing operational costs for organizations.
Qualys, Inc. (NASDAQ: QLYS) has appointed Sumedh Thakar as President and CEO following his tenure as Interim CEO since February. With nearly 20 years at Qualys, Thakar has a deep understanding of the company and the market. Under his leadership, Qualys aims to enhance its cloud-based security and compliance offerings, focusing on integrated solutions for modern IT infrastructures. The board expresses confidence in Thakar's ability to drive innovation and business growth, capitalizing on his experience to meet evolving security needs.
Qualys, Inc (NASDAQ: QLYS) announced an expansion of its VMDR (Vulnerability Management, Detection and Response) solution to include Linux patching, enhancing its cloud-based security offerings. This addition allows users to patch Linux, Windows, and third-party applications from a single console, streamlining vulnerability remediation. Qualys aims to reduce the time and complexity associated with patch management, addressing a critical security challenge as Linux systems become primary targets for attackers. The new patch management feature will be available by the end of May.
Qualys, Inc. (NASDAQ: QLYS) will announce its financial results for Q1 2021 post-market on May 5, 2021. The company will host a conference call at 5:00 p.m. ET to discuss these results. Interested parties can access the call by dialing (877) 881-2609 or (970) 315-0463 for international callers, using conference ID #4595838. Qualys operates in over 130 countries, serving more than 19,000 customers, including major firms from the Forbes Global 100 and Fortune 100.
Qualys, Inc. (NASDAQ: QLYS) announced the resignation of CEO Philippe Courtot due to health reasons, effective immediately. Sumedh Thakar, the company's president and chief product officer, has been appointed as interim CEO and principal executive officer. Courtot, who led the company for 20 years, will remain a board director until the 2021 annual meeting but will not seek re-election. The board expressed full confidence in Thakar's leadership during this transition. Qualys, with over 19,000 active customers globally, is recognized for its cloud-based IT security and compliance solutions.
Qualys, Inc. (NASDAQ: QLYS) has updated stakeholders regarding a security incident involving a zero-day exploit in the Accellion FTA file transfer solution. The company confirmed that there was no impact on its production environments, codebase, or customer data. All services remain fully functional, with the Accellion FTA server deployed in a segregated DMZ environment, ensuring no connectivity to the Qualys Cloud Platform. Qualys is committed to enhanced security measures and is working with FireEye Mandiant to investigate further.