BMC and Qualys Announces the First Solution to Tie Vulnerability Information
Feb 25 15
BMC and Qualys announced the first solution to tie vulnerability information to automated remediation actions. This dramatically reduces the window of vulnerability while simultaneously improving IT operational performance. While data breaches can be catastrophic, most are preventable, as 80% of exploits utilize vulnerabilities with known fixes. One of the causes of successful attacks is the misalignment of objectives between the security team, responsible for identifying vulnerabilities, and the IT operations team, responsible for implementing the changes to the systems. This misalignment is the SecOps gap. The joint solution, Intelligent Compliance, addresses the gap through a combination of security and compliance audit data from Qualys Vulnerability Management (VM) with the associated action from BMC BladeLogic Server Automation to remediate the vulnerability. Specifically, it helps: Reduce the Window of Exposure to Vulnerabilities accelerate remediation of vulnerabilities through automation. Avoid Downtime make remediation actions predictable and safe, minimizing both planned and unplanned outages. Increase Speed and Frequency of Audits run automated audits as frequently as needed, or even on-demand, without impacting other operational activities Stay Compliant with Industry Regulations take advantage of pre-built audit and remediation content for common policies and lower the Cost of Audit and Remediation automate actions that were previously manual. The integration between BladeLogic and Qualys is available now.
Qualys, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015
Feb 10 15
Qualys, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, GAAP net income was $25.9 million or GAAP earnings per diluted share of $0.69 compared to $45,000 a year ago. Revenues for the fourth quarter of 2014 increased by 26% to $36.6 million compared to $29.0 million for the same quarter in 2013. Revenue growth was driven by the accelerated adoption of new services, namely Web Application Scanning, Policy Compliance, Continuous Monitoring and Private Cloud Platform, as well as continued growth of Vulnerability Management solution. GAAP operating income for the fourth quarter of 2014 was $4.2 million compared to $0.2 million in the same quarter in 2013. Non-GAAP operating income for the fourth quarter of 2014 was $7.7 million compared to $1.9 million in the same quarter in 2013. Non-GAAP net income for the fourth quarter of 2014 was $5.6 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 2013. Adjusted EBITDA for the fourth quarter of 2014 increased by 139% to $10.7 million compared to $4.5 million for the same quarter in 2013. As a percentage of revenues, adjusted EBITDA increased to 29% for the fourth quarter of 2014 compared to 15% for the same quarter in 2013. Income from operations was $4.211 million against $0.224 million a year ago. Income before income taxes was $3.643 million against $0.173 million a year ago.
For the full year ended December 31, 2014, the company reported GAAP net income of $30.2 million or GAAP earnings per diluted share of $0.81 compared to $1.62 million or $0.05 per diluted share a year ago. Revenues for 2014 increased by 24% to $133.6 million compared to $108.0 million for 2013. Revenue growth was driven by the accelerated adoption of new services, namely Web Application Scanning, Policy Compliance, Continuous Monitoring and Private Cloud Platform, as well as continued growth of Vulnerability Management solution. GAAP operating income for 2014 increased by 300% to $9.2 million compared to $2.3 million for 2013. Non-GAAP operating income for 2014 increased by 153% to $19.8 million compared to $7.8 million for 2013. Non-GAAP net income for 2014 was $17.1 million, or $0.46 per diluted share, compared to $7.1 million, or $0.20 per diluted share, for 2013. Adjusted EBITDA in 2014 increased by 82% to $31.7 million, compared to $17.4 million for 2013. As a percentage of revenues, adjusted EBITDA increased to 24% for 2014 compared to 16% for 2013. The company generated $41.4 million in net cash from operations in 2014 compared to $25.1 million in 2013. Income from operations was $9.247 million against $2.309 million a year ago. Income before income taxes was $8.613 million against $2.124 million a year ago. Net cash provided by operating activities was $41.371 million against $25.146 million a year ago. Purchases of investments were $157.660 million against $145.263 million a year ago. Purchases of property and equipment were $13.914 million against $13.663 million a year ago. The company generated impressive cash flows in 2014. Free cash flow increased by 138% to $27.4 million compared to $11.5 million in 2013.
For the first quarter 2015, the company expected revenues to be in the range of $37.6 million to $38.1 million. At the midpoint, this represents 25% growth over first quarter 2014 revenues. GAAP net income per diluted share is expected to be in the range of $0.04 to $0.06 and non-GAAP net income per diluted share is expected to be in the range of $0.10 to $0.12. First quarter 2015 EPS estimates are based on approximately 38.0 million weighted average diluted shares outstanding for the quarter and assume an effective income tax rate of 35%.
For the year 2015, the company expects revenues to be in the range of $167.3 million to $169.3 million. At the midpoint, this represents 26% growth over 2014 revenues. GAAP net income per diluted share is expected to be in the range of $0.22 to $0.27 and non-GAAP net income per diluted share is expected to be in the range of $0.50 to $0.55. Full year 2015 EPS estimates are based on approximately 38.6 million weighted average diluted shares outstanding for the full year and assume an effective income tax rate of 35%.
Qualys, Inc. Announces Latest Version of Qualys Web Application Scanning Solution
Feb 3 15
Qualys, Inc. announced the latest version of its Qualys Web Application Scanning (WAS) solution now includes the continuous progressive scanning capabilities, which has become a necessity for large and complex websites in order to reduce time to crawl and the impact of scanning on these sites. Additionally, Qualys WAS now includes more flexible reporting options to deliver targeted metrics to key stakeholders and help organizations minimize risk from undiscovered vulnerabilities. Qualys Web Application Scanning is a cloud service that provides automated crawling and testing of custom web applications to identify vulnerabilities including cross-site scripting (XSS) and SQL injection. The automated service enables regular testing that produces consistent results, reduces false positives, and easily scales to secure large numbers of web sites. Qualys WAS also proactively scans websites for malware infections, sending alerts to website owners to help prevent search engine black listing and brand reputation damage. Now with continuous progressive scanning, customers can set up website scans during specific scan windows in an automated manner. Using the new progressive scanning algorithm, Qualys WAS only scans the parts of the website that have actually changed between scans reducing the impact of the overall scan. The latest version of Qualys WAS delivers enhanced insight into web app security risk and includes: Progressive Crawling - expands the testing coverage for web applications over time. Each scan builds upon the information obtained in previous scans, prioritizing newly identified pages over previously tested pages. Progressive Testing - enhances the flexibility of scanning by automatically starting, stopping and resuming scans across the networks without manual intervention. New Report Templates - customized reporting options for stakeholders greatly simplify the time required for reporting.