Business
Qualys Announces Fourth Quarter and Full Year 2020 Financial Results
2020 Revenue Growth of 13% Year-Over-Year Q4 Revenue Growth of 12% Year-Over-Year 2020 GAAP EPS: $2.24; 2020 Non-GAAP EPS: $2.87 Q4 GAAP EPS: $0.59; Q4
About this update from Qualys, Inc.
[{"type":"text","content":"2020 Revenue Growth of 13% Year-Over-Year\n Q4 Revenue Growth of 12% Year-Over-Year\n 2020 GAAP EPS: $2.24; 2020 Non-GAAP EPS: $2.87\n Q4 GAAP EPS: $0.59; Q4 Non-GAAP EPS: $0.71\n Announces Additional $100 Million Share Repurchase Program\n\n\nFOSTER CITY, Calif., Feb. 10, 2021 /PRNewswire/ -- Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of disruptive cloud-based IT, security and compliance solutions, today announced financial results for the fourth quarter and full year ended December 31, 2020. For the quarter, the Company reported revenues of $94.8 million, net income under United States Generally Accepted Accounting Principles (\"U.S. GAAP\") of $23.8 million, non-GAAP net income of $28.6 million, Adjusted EBITDA of $43.4 million, GAAP net income per diluted share of $0.59, and non-GAAP net income per diluted share of $0.71. For the full year ended December 31, 2020, the Company reported revenues of $363.0 million, GAAP net income of $91.6 million, non-GAAP net income of $117.0 million, Adjusted EBITDA of $169.5 million, GAAP net income per diluted share of $2.24, and non-GAAP net income per diluted share of $2.87.\n\"We are pleased to finish 2020 with continued adoption of our Vulnerability Management, Detection and Response (VMDR®) application and Cloud Agent subscriptions with approximately 56 million agents purchased. This year we delivered an impressive suite of new applications to our Qualys Cloud Platform, including VMDR, Multi-Vector EDR, and Runtime Container Security, while producing record margins. Additionally, we are excited about our upcoming XDR offering as it presents a significant extension of our cloud platform that will help our customers further consolidate their IT, security and compliance stack,\" said Sumedh Thakar, interim CEO of Qualys. \"In response to the recent SolarWinds and FireEye breaches, we are also offering a free 60-day integrated VMDR service to companies to quickly assess devices impacted by SolarWinds Orion vulnerabilities, SUNBURST Trojan detections, and FireEye Red Team tools. I am also pleased to announce our Board has authorized an additional $100 million open market share repurchase program, which allows us to continue to mitigate our share dilution and drive shareholder value.\" \nFourth Quarter 2020 Financial Highlights \nRevenues: Revenues for the fourth quarter of...