Core Insights - Qualys reported a 10% year-over-year revenue growth to $169.9 million and non-GAAP EPS of $1.86, exceeding analyst expectations [1] - The stock rose approximately 20.2% following the earnings report [1] Financial Performance - Adjusted gross margin improved to 85% from 83% year-over-year, while adjusted operating margin increased to 47% from 43% [4] - The company raised its full-year revenue outlook to a range of $665.8 million to $667.8 million, indicating a growth of about 10% compared to 2024 [5] - Non-GAAP EPS outlook was also increased to a range of $6.93 to $7.00 [5] Strategic Developments - The Risk Operations Center offering is gaining traction, contributing to solid results and faster-than-expected deployments [3][6] - Qualys secured significant wins with federal and state agencies, enhancing its government business prospects [4][6] - The GovCloud Platform received FedRAMP High Authorization, further opening opportunities in government contracts [4] Market Position - Qualys stock trades at around 21 times the average analyst estimate for full-year adjusted earnings, reflecting an improved growth trajectory [6]