Business
Qualys Announces Second Quarter 2021 Financial Results
Revenue Growth of 12% Year-Over-Year GAAP EPS: $0.53; Non-GAAP EPS: $0.79 Raises 2021 Revenue Guidance to $406.0-$407.5 million Raises 2021 GAAP EPS Guidance
About this update from Qualys, Inc.
[{"type":"text","content":"Revenue Growth of 12% Year-Over-Year\n GAAP EPS: $0.53; Non-GAAP EPS: $0.79\n Raises 2021 Revenue Guidance to $406.0-$407.5 million\n Raises 2021 GAAP EPS Guidance to $1.38-$1.43\n Raises 2021 Non-GAAP EPS Guidance to $3.02-$3.07\n\n\n FOSTER CITY, Calif., Aug. 9, 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 second quarter ended June 30, 2021. For the quarter, the Company reported revenues of $99.7 million, net income under United States Generally Accepted Accounting Principles (\"U.S. GAAP\") of $21.1 million, non-GAAP net income of $31.6 million, Adjusted EBITDA of $46.7 million, GAAP net income per diluted share of $0.53, and non-GAAP net income per diluted share of $0.79.\n\"We delivered solid results for the second quarter reflecting the power of the Qualys Cloud Platform and its associated apps to uniquely help customers secure their digital transformations and the modern work from anywhere environment,\" said Sumedh Thakar, president and CEO of Qualys. \"As a result, we continued to see strong customer interest and adoption of our Vulnerability Management, Detection and Response (VMDR®) application in the quarter with paid cloud agent subscriptions growing 51% year-over-year to 64 million deployed. Our innovative cloud engine continues to fire on all cylinders, our competitive position is strong, and we are making good progress advancing our go-to-market initiatives to accelerate growth and create long-term value for our shareholders.\" \nSecond Quarter 2021 Financial Highlights \nRevenues: Revenues for the second quarter of 2021 increased by 12% to $99.7 million compared to $88.8 million for the same quarter in 2020. \nGross Profit: GAAP gross profit for the second quarter of 2021 increased by 12% to $78.2 million compared to $69.9 million for the same quarter in 2020. GAAP gross margin was 78% for the second quarter of 2021 compared to 79% for the same quarter in 2020. Non-GAAP gross profit for the second quarter of 2021 increased by 12% to $80.6 million compared to $72.0 million for the same quarter in 2020. Non-GAAP gross margin was 81% for both the second quarter of 2021 and 2020. \nOperating Income: GAAP operating income for the second quarter of 2021 increased by 15% to $29....