Qualys Earnings: Here’s Why Investors are Excited Now
Qualys Inc (NASDAQ:QLYS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.08%.
Qualys Inc Earnings Cheat Sheet
Revenue: Decreased 0% to $26.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Qualys Inc reported adjusted EPS income of $0.06 per share. By that measure, the company beat the mean analyst estimate of $0.03. It beat the average revenue estimate of $26.14 million.
Quoting Management: “We are pleased to report another solid quarter as we continue to execute against our strategic plan and drive momentum throughout our business,” stated Philippe Courtot, Chairman and Chief Executive Officer of Qualys. “Our years of investment in the QualysGuard Cloud Platform and product innovation are clearly paying off, resulting in increased adoption of our solutions by organizations worldwide. Our core Vulnerability Management customers are increasingly adopting our new solutions, including Web Application Scanning and Policy Compliance. Our continued investment in innovation also has produced enhanced platform capabilities, including the ability to now package the entire Qualys platform and deliver it to customers fully virtualized on a single VCE Vblock System. This significant milestone opens up another avenue of growth for the Company, expanding our reach to organizations such as managed security service providers and government entities that require an on-premise solution for our cloud offerings. With a growing base of more than 6,000 customers worldwide, we remain confident in our outlook for the second half of 2013 and will continue to focus on strategic investments that maintain our technical leadership while leveraging the strength of our SaaS business model to grow revenues and increase value to our customers and shareholders.”
Key Stats (on next page)…