FOSTER CITY, Calif., May 9, 2024 /PRNewswire/ -- Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of disruptive cloud-based IT, security and compliance solutions, today announced that management will participate in a fireside chat and host one-on-one meetings with interested investors at the following conference:William Blair's 44th Annual Growth Stock Conference. Sumedh Thakar, president and CEO, and Joo Mi Kim, CFO, will host one-on-one meetings and participate in a fireside chat in Chicago, Il ...

This presentation includes forward-looking statements within the meaning of the federal securities laws. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this presentation include, but are not limited to, the following list: - our business and financial performance and expectations for future periods, including the rate of growth of our business and market share gains; - our expectations regarding our Qualys Enterpri ...

Qualys (QLYS) came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $1.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.69%. A quarter ago, it was expected that this maker of security-analysis software would post earnings of $1.25 per share when it actually produced earnings of $1.40, delivering a surprise of 12%.Over the last four quarte ...

Financial Data and Key Metrics - Q1 2024 revenue grew 12% YoY to $145 8 million with channel contributing 45% of total revenue up from 43% a year ago [30] - Adjusted EBITDA for Q1 2024 was $69 million representing a 47% margin compared to 45% a year ago [31] - EPS for Q1 2024 was $1 45 and free cash flow was $83 5 million representing a 57% margin compared to 48% in the prior year [10] - Operating expenses in Q1 increased by 5% to $56 8 million primarily driven by an 11% increase in Sales & Marketing investments [70] Business Line Data and Key Metrics - Patch Management and Cybersecurity Asset Management combined made up 13% of LTM bookings and 23% of LTM new bookings in Q1 [59] - Cloud Security solutions made up 4% of LTM bookings in Q1 [59] - Customers spending $500 000 or more with Qualys in Q1 grew 19% YoY to 192 [92] Market Data and Key Metrics - Revenue growth outside the US was 13% ahead of domestic growth of 11% [95] - The US and international revenue mix is expected to remain roughly at 60% and 40% respectively [95] - Healthcare technology retail and financial services verticals demonstrated strong VMDR demand with large deal sizes in Q1 [26] Company Strategy and Industry Competition - Qualys is focusing on driving new customer acquisition campaigns and incentives while streamlining sales cycles and operations [9] - The company is investing in its partner program to bolster capacity and harness transformative solution sales [66] - Qualys is extending its technology leadership with new capabilities in External Attack Surface Management and third-party integration [7] - The company is advancing its TruRisk capabilities by integrating MITRE ATT&CK Matrix Prioritization into its platform [67] Management Commentary on Operating Environment and Future Outlook - Management noted a challenging upsell environment with a net dollar expansion rate of 104% down from 105% last quarter [9] - The company expects full-year 2024 revenue to be in the range of $601 5 million to $608 5 million representing a growth rate of 8% to 10% [71] - Full-year 2024 EBITDA margin is expected to be in the low 40s and free cash flow margin in the mid-30s [32] - Management highlighted the importance of reducing risk exposure through the adoption of integrated risk management platforms [68] Other Important Information - Qualys repurchased 105 000 shares for $18 million in Q1 2024 with $265 7 million remaining in the share repurchase program [10] - The company plans to increase investments in Sales & Marketing as well as related support functions systems and people [11] - Qualys is working towards FedRAMP High certification expected by the end of 2024 which will enable deeper penetration into federal agencies [77] Q&A Session Summary Question: Impact on upsell business and improvements [99] - The upsell environment remains challenging with longer review times and customers taking longer to make decisions on larger projects [74] - Management is focusing on generating additional opportunities and educating CISOs to improve upsell performance [74] Question: Federal business traction and GovCloud platform [101] - Qualys is investing in the federal market with recent hires and a planned public sector conference [56] - The company is working towards FedRAMP High certification which will enable deeper penetration into federal agencies [77] Question: Cloud security opportunity and CNAPP solution [61] - Cloud security is a significant opportunity with customers increasingly combining VMDR and TotalCloud solutions upfront [19] - Demand varies by maturity level with more mature organizations adopting workload protection and other advanced capabilities [42] Question: Capital allocation priorities [49] - Share buybacks are based on a grid to offset equity dilution with potential acquisition targets being considered opportunistically [82] Question: Billings growth and new customer growth [84] - Current billings growth of 8% reflects a net dollar expansion rate decline offset by new business traction [106] - New business growth is driven by channel partners with three consecutive quarters of double-digit growth [52] Question: Narrowing full-year revenue guidance band [14] - The decision to narrow the revenue guidance band was based on Q1 performance aligning with the mid-point of the guidance [36] - Management does not anticipate material improvement in the net dollar expansion rate [75]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ FORM 10-Q __________________ x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 2024 o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-35662 __________________ QUALYS, INC. (Exact name of registrant as specified in its ch ...

Exhibit 99.1 Qualys Announces First Quarter 2024 Financial Results Revenue Growth of 12% Year-Over-Year GAAP EPS: $1.05; Non-GAAP EPS: $1.45 Raises 2024 GAAP EPS Guidance to $3.26-$3.50 Raises 2024 Non-GAAP EPS Guidance to $5.06-$5.30 FOSTER CITY, Calif., – May 7, 2024 – Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of disruptive cloud-based IT, security and compliance solutions, today announced financial results for the first quarter ended March 31, 2024. For the quarter, the Company reported ...

Traditionally, cybersecurity teams rely on disparate sources like standalone external scanning tools, IT-centric databases such as configuration management databases (CMDBs), and API-based integrations to piece together asset inventories. EASM tools have relied on banner-grabbing methods that produce stale, incomplete asset data snapshots. As a result of this piecemeal approach to asset discovery, the average enterprise is blind to 38%* of its assets at any given time. Qualys CyberSecurity Asset Management ...

FOSTER CITY, Calif., April 23, 2024 /PRNewswire/ -- Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of disruptive cloud-based IT, security and compliance solutions, today announced that the company will report its financial results for the first quarter 2024 after the market closes on Tuesday, May 7, 2024. Qualys will host a conference call and live webcast to discuss its first quarter 2024 financial results at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on Tuesday, May 7, 2024. To access th ...

NCSC recently released guidance recommending patching vulnerabilities for internet-facing services and software within five days and non-external-facing vulnerabilities within seven days. Many organizations find it challenging to accurately discover all their assets, specifically those that are internet-facing, efficiently measure and prioritize the risk, and then remediate it. Anonymized data from the Qualys Threat Research Unit (TRU) indicates the median time to remediate (MTTR) for the average UK organiz ...

The Zacks Security industry is benefiting from the solid demand for cybersecurity offerings and the heightening need for secure networks and cloud-based applications amid growing hybrid working trends. Companies in this space are benefiting from the rising demand for IT security solutions due to a surge in the number of data breaches. Increasing requirements for privileged access security with digital transformation and cloud migration strategies are also fueling the demand for cybersecurity solutions.Indus ...