qualys inc (QLYS) Key Developments
Qualys Seeks Acquisitions
Jun 2 15
Qualys, Inc. (NasdaqGS:QLYS) is looking for acquisition opportunities. Don McCauley, Chief Executive Officer of Qualys, said, "And we think M&A is going to be an important way to accelerate the growth of our product line. So, we have been looking around at generally smaller tuck-in acquisitions. We are looking to acquire certain expertise, teams of engineers especially. It’s more talent than anything else to either materially add features to an existing product set or bring us into a new product category. We looked at six or eight of these last year; we’re looking at a couple rights this minute."
Qualys, Inc. Presents at Stephens Spring Investment Conference 2015, Jun-02-2015 10:00 AM
May 19 15
Qualys, Inc. Presents at Stephens Spring Investment Conference 2015, Jun-02-2015 10:00 AM. Venue: New York Palace Hotel, 455 Madison Avenue, New York, New York, United States. Speakers: Donald C. McCauley, Chief Financial Officer.
Qualys, Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015
May 4 15
Qualys, Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2015. For the quarter, the company’s revenues increased by 24% to $37.5 million compared to $30.4 million for the same quarter in 2014. Revenue growth was driven by a combination of sales of subscriptions to new customers, as well as subscription renewals and upsells of additional subscriptions to existing customers. Current deferred revenues increased by 23% to $87.9 million at March 31, 2015 compared to $71.4 million at March 31, 2014. Total deferred revenues increased by 22% to $98.0 million at March 31, 2015 compared to $80.3 million at March 31, 2014. GAAP operating income for the first quarter of 2015 was $4.9 million compared to a loss of $0.3 million in the same quarter in 2014. Non-GAAP operating income for the first quarter of 2015 was $8.8 million compared to $1.9 million in the same quarter in 2014. GAAP net income for the first quarter of 2015 was $3.0 million, or $0.08 per diluted share, compared to a net loss of $0.4 million, or $0.01 loss per diluted share, for the same quarter in 2014. Non-GAAP net income for the first quarter of 2015 was $5.5 million, or $0.15 per diluted share, compared to non-GAAP net income of $1.7 million, or $0.05 per diluted share, for the same quarter in 2014. Adjusted EBITDA (a non-GAAP financial measure) for the first quarter of 2015 increased by 156% to $12.0 million compared to $4.7 million for the same quarter in 2014. As a percentage of revenues, adjusted EBITDA increased to 32% for the first quarter of 2015 compared to 15% for the same quarter in 2014. The company generated $10.0 million in net cash from operations in the first quarter of 2015 compared to $15.1 million in the same quarter last year. Income from operations was $4,920,000 compared to loss from operations of $261,000 a year ago. Income before income taxes was $4,843,000 compared to loss before income taxes of $249,000 a year ago. Purchases of property and equipment were $6,148,000 compared to $3,802,000 a year ago. Capitalized software development costs were $99,000.
The company provided earnings guidance for the second quarter and full year of 2015. For the second quarter, the company expects revenues to be in the range of $39.5 million to $40.0 million. At the midpoint, this represents 23% growth over second quarter 2014 revenues. GAAP net income per diluted share is expected to be in the range of $0.02 to $0.04, which assumes an effective income tax rate of 38%, and non-GAAP net income per diluted share is expected to be in the range of $0.09 to $0.11, which assumes an effective non-GAAP income tax rate of 36%. Second quarter 2015 EPS estimates are based on approximately 38.5 million weighted average diluted shares outstanding for the quarter.
For the full year, the company expects revenues to be in the range of $165.0 million to $166.5 million, a decrease from the previous revenue guidance range of $167.3 million to $169.3 million. At the midpoint, this represents 24% growth over 2014 revenues, a decrease from the 26% midpoint of the previous revenue guidance range. Management reiterates its expectations for both GAAP and non-GAAP EPS estimates. GAAP net income per diluted share is expected to be in the range of $0.22 to $0.27, which assumes an effective income tax rate of 38%, and non-GAAP net income per diluted share is expected to be in the range of $0.50 to $0.55, which assumes an effective non-GAAP income tax rate of 36%. Full year 2015 EPS estimates are based on approximately 38.4 million weighted average diluted shares outstanding for the full year.
Qualys, Inc., Annual General Meeting, Jun 04, 2015
Apr 21 15
Qualys, Inc., Annual General Meeting, Jun 04, 2015., at 11:00 Pacific Standard Time. Location: Sofitel San Francisco Bay Hotel. Agenda: To elect three Class III directors to serve until the 2018 annual meeting of stockholders or until their successors are duly elected and qualified; to ratify the appointment of Grant Thornton LLP as independent registered public accounting firm for fiscal year ending December 31, 2015; and to transact such other business as may properly come before the meeting or any adjournments or postponements thereof.
Qualys, Inc. Announces Availability of Qualys Web Application Firewall Version 2.0
Apr 21 15
Qualys, Inc. announced the availability of Qualys Web Application Firewall (WAF) version 2.0 that comes fully integrated with the Qualys Web Application Scanning solution (WAS). The new release includes virtual patching capabilities to enable organizations to fine-tune security policies, remove false positives and customize rules leveraging vulnerability data from the Qualys WAS. Qualys WAF also includes customizable event response, helping customers evaluate and create exceptions to web events to better prioritize and mitigate vulnerabilities, making it one of the first end-to-end web application security services to combine WAF security rules and policies with WAS data to address web application security threats. As hackers continue to find new ways to penetrate web applications, WAFs can detect, alert and block known attacks. With the latest version of Qualys WAF, users can now create "virtual patch" rules in direct response to their Qualys WAS findings, to enable rapid false positive resolution, as well as customization of security rules tailored for the organization's environment. This helps customers better tune security policies, quickly remove false positives, and easily customize WAF security rules for web applications. Qualys Web Application Firewall is a next-generation cloud service that brings an unparalleled combination of scalability and simplicity to web app security. Qualys WAS provides customers the ability to continuously discover, catalog and scan web applications on a global scale with a high degree of accuracy. Additionally, Qualys WAF monitors all web pages visited by users and automatically shares this information back to the web application scanner, ensuring these pages are not missed during the next scan. Qualys Web Application Firewall is now available and sold as an annual subscription starting at $1,995 for small businesses and $9,995 for larger enterprises based on the number of web applications and virtual appliances.