Business
Qualys Announces Third Quarter 2020 Financial Results
Revenue Growth of 13% Year-Over-Year GAAP EPS: $0.56; Non-GAAP EPS: $0.77 Raises 2020 Revenue Guidance to $362.4-$363.0 million Raises 2020 GAAP EPS Guidance
About this update from Qualys, Inc.
[{"type":"text","content":"Revenue Growth of 13% Year-Over-Year\n GAAP EPS: $0.56; Non-GAAP EPS: $0.77\n Raises 2020 Revenue Guidance to $362.4-$363.0 million\n Raises 2020 GAAP EPS Guidance to $2.04-$2.06\n Raises 2020 Non-GAAP EPS Guidance to $2.85-$2.87\n\n\nFOSTER CITY, Calif., Nov. 4, 2020 /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 third quarter ended September 30, 2020. For the quarter, the Company reported revenues of $93.1 million, net income under United States Generally Accepted Accounting Principles (\"U.S. GAAP\") of $22.7 million, non-GAAP net income of $31.4 million, Adjusted EBITDA of $45.1 million, GAAP net income per diluted share of $0.56, and non-GAAP net income per diluted share of $0.77. \n\"Joo Mi and I are pleased to report another strong quarter with increased adoption of our Vulnerability Management, Detection and Response (VMDR®) application and continued growth in Qualys Cloud Agent subscriptions with approximately 50 million agents purchased. We have also seen significant early adoption of our new Patch Management application and are excited about the recent introduction of our Multi-Vector EDR solution, both of which are natively integrated into our cloud platform,\" said Philippe Courtot, chairman and CEO of Qualys. \"We are now in a unique position to enable our customers to consolidate their IT, security and compliance stack, while drastically reducing their total cost of ownership. In addition, with our integrated and always up-to-date Global IT Asset Inventory application, customers can now regain full visibility across their entire hybrid environment, which is critical as they simply cannot effectively secure what they do not know or see.\"\nFourth Quarter 2020 Product Highlights \nLooking ahead, we are enthused about the additional solutions that we plan to introduce soon:\nContainer Runtime Security, which provides runtime defense and protection capabilities for containerized applications. Additional Detection and Response offerings (DRs) such as SaaS DR, Cloud DR and Mobile DR. Granular Access Control module, an extension to our Global IT Asset Inventory application. Multi-Vector EDR will be available for Linux environments. In addition, an Endpoint Protection Platform (EPP) exten...