Business
Qualys Announces Fourth Quarter and Full Year 2019 Financial Results
2019 Revenue Growth of 15% Year-Over-Year Q4 Revenue Growth of 14% Year-Over-Year 2019 GAAP EPS: $1.68; 2019 Non-GAAP EPS: $2.33 Q4 GAAP EPS: $0.50; Q4
About this update from Qualys, Inc.
[{"type":"text","content":"2019 Revenue Growth of 15% Year-Over-Year\n Q4 Revenue Growth of 14% Year-Over-Year\n 2019 GAAP EPS: $1.68; 2019 Non-GAAP EPS: $2.33\n Q4 GAAP EPS: $0.50; Q4 Non-GAAP EPS: $0.64\n\n\nFOSTER CITY, Calif., Feb. 12, 2020 /PRNewswire/ -- Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of cloud-based security and compliance solutions, today announced financial results for the fourth quarter and full year ended December 31, 2019. For the quarter, the Company reported revenues of $84.7 million, net income under United States Generally Accepted Accounting Principles (\"U.S. GAAP\") of $20.7 million, non-GAAP net income of $26.0 million, Adjusted EBITDA of $37.6 million, GAAP earnings per diluted share of $0.50, and non-GAAP earnings per diluted share of $0.64. For the full year ended December 31, 2019, the Company reported revenues of $321.6 million, GAAP net income of $69.3 million, non-GAAP net income of $96.4 million, Adjusted EBITDA of $140.8 million, GAAP earnings per diluted share of $1.68 and non-GAAP earnings per diluted share of $2.33. \n\"We are pleased to finish 2019 with another strong quarter that exhibited robust growth in Qualys Cloud Agent subscriptions and multiproduct adoption. Importantly, this year we delivered an impressive suite of new applications to our Qualys Cloud Platform, including Patch Management, Global IT Asset Discovery and Inventory, and Indication of Compromise 2.0, while producing record margins. The 2020 release of our Vulnerability Management, Detection and Response (VMDR) app will elevate Qualys' market-leading vulnerability management solution to the next level by providing customers with one streamlined workflow to scan, investigate, prioritize and neutralize threats,\" said Philippe Courtot, chairman and CEO of Qualys. \"Prominent industry analyst, Ovum, recently reported that VMDR represents the next generation of vulnerability management, drastically reducing the time to remediation, while also reducing the operational and licensing costs.\"\nhttps://www.qualys.com/forms/whitepapers/ovum/ \n\nFourth Quarter 2019 Financial Highlights\nRevenues: Revenues for the fourth quarter of 2019 increased by 14% to $84.7 million compared to $74.2 million for the same quarter in 2018. \nGross Profit: GAAP gross profit for the fourth quarter of 2019 increased by 19% to $67.5 million compared to $...