Business
Qualys Announces Second Quarter 2023 Financial Results
Revenue Growth of 14% Year-Over-YearGAAP EPS: $0.95; Non-GAAP EPS: $1.27Raises 2023 GAAP EPS Guidance to $3.07-$3.22Raises 2023 Non-GAAP EPS Guidance to
About this update from Qualys, Inc.
[{"type":"text","content":"Revenue Growth of 14% Year-Over-YearGAAP EPS: $0.95; Non-GAAP EPS: $1.27Raises 2023 GAAP EPS Guidance to $3.07-$3.22Raises 2023 Non-GAAP EPS Guidance to $4.50-$4.65\nFOSTER CITY, Calif., Aug. 3, 2023 /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, 2023. For the quarter, the Company reported revenues of $137.2 million, net income under United States Generally Accepted Accounting Principles (\"GAAP\") of $35.4 million, non-GAAP net income of $47.5 million, Adjusted EBITDA of $65.8 million, GAAP net income per diluted share of $0.95, and non-GAAP net income per diluted share of $1.27.\n\"We're pleased to report another quarter of healthy revenue growth, strong profitability and cash-flow generation,\" said Sumedh Thakar, Qualys' president and CEO. \"Our growing leadership as a trusted cybersecurity risk management platform of record and our outstanding financial performance in the quarter stand as a testament to Qualys' continuous innovation in protecting customer environments. By offering comprehensive cyber risk posture assessment and response prioritization capabilities through a natively integrated platform, we believe Qualys is transforming the value proposition of conventional vulnerability management technologies and laying a firm foundation for future growth.\"\nSecond Quarter 2023 Financial Highlights\nRevenues: Revenues for the second quarter of 2023 increased by 14% to $137.2 million compared to $119.9 million for the same quarter in 2022.\nGross Profit: GAAP gross profit for the second quarter of 2023 increased by 17% to $110.5 million compared to $94.8 million for the same quarter in 2022. GAAP gross margin was 81% for the second quarter of 2023 compared to 79% for the same quarter in 2022. Non-GAAP gross profit for the second quarter of 2023 increased by 16% to $113.0 million compared to $97.5 million for the same quarter in 2022. Non-GAAP gross margin was 82% for the second quarter of 2023 compared to 81% for the same quarter in 2022.\nOperating Income: GAAP operating income for the second quarter of 2023 increased by 30% to $42.8 million compared to $33.0 million for the same quarter in 2022. As a percentage of revenues, GAAP operating income was 31% for...