Qualys Mulls Acquisitions
Aug 7 14
Qualys, Inc. (NasdaqGS:QLYS) is seeking acquisitions. Qualys said, "We may also seek to invest in or acquire complementary businesses or technologies."
Qualys, Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014; Revises Earnings Guidance for the Full Year of 2014
Aug 4 14
Qualys, Inc. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company’s revenue was $32.302 million against $26.291 million a year ago. Income from operations was $1.79 million against $0.863 million a year ago. Income before provision for income taxes was $1.88 million against $0.965 million a year ago. Net income was $1.706 million or $0.05 per basic and diluted share against $0.873 million or $0.02 per diluted share a year ago. EBITDA was $4.86 million against $3.351 million a year ago. Adjusted EBITDA was $7.247 million against $4.475 million a year ago. Non-GAAP income from operations was $4.27 million against $2.101 million a year ago. Non-GAAP net income was $4.186 million or $0.11 per diluted share against $2.111 million or $0.06 per diluted share a year ago. Revenue growth was driven by a combination of sales of subscriptions to new customers, as well as subscription renewals and up sells of additional subscriptions to existing customers. In the second quarter of 2014, capital expenditures were $2.7 million compared to $2.6 million in the second quarter of 2013.
For the six months, the company’s revenue was $62.658 million against $51.174 million a year ago. Income from operations was $1.529 million against $0.59 million a year ago. Income before provision for income taxes was $1.622 million against $0.432 million a year ago. Net income was $1.266 million or $0.03 per diluted share against $0.27 million or $0.01 per basic and diluted share a year ago. Net cash provided by operating activities was $15.175 million against $12.87 million a year ago. Purchases of property and equipment were $76.907 million against $75.048 million a year ago. EBITDA was $7.411 million against $4.955 million a year ago. Adjusted EBITDA was $11.917 million against $7.27 million a year ago. Non-GAAP income from operations was $6.135 million against $2.777 million a year ago. Non-GAAP net income was $2.457 million or $0.16 per diluted share against $0.994 million or $0.07 per diluted share a year ago.
The company expected revenues to be in the range of $33.5 million to $34.0 million. At the midpoint, this represents 22% growth over third quarter 2013 revenues. GAAP net income per diluted share is expected to be in the range of $0.02 to $0.04 and non-GAAP net income per diluted share is expected to be in the range of $0.08 to $0.10 based on approximately 37.3 million weighted average diluted shares outstanding for the quarter.
The company expected revenues to be in the range of $131.0 million to $132.0 million, an increase from the previous revenue guidance range of $128.5 million to $130.5 million. At the midpoint, this represents 22% growth over 2013 revenues, an increase from the 20% midpoint of the previous revenue guidance range. GAAP net income per diluted share is expected to be in the range of $0.04 to $0.08, an increase from the previous GAAP LPS guidance range of $0.06 to $0.02. Non-GAAP net income per diluted share is expected to be in the range of $0.30 to $0.34, an increase from the previous Non-GAAP EPS guidance range of $0.22 to $0.26. Full year EPS estimates are based on approximately 37.4 million weighted average diluted shares outstanding for the full year.
Qualys Inc. Bolsters Continuous Monitoring for Proactive Enterprise Incident Response
Jul 29 14
Qualys, Inc. announced it has further bolstered its cloud service Continuous Monitoring (CM). The latest features include automated alerts for changes in perimeter IP addresses, as well as a new API interface that enables integration of alerts into incident response systems and SIEMs such as Splunk and HP ArcSight. The new features and functionality provide organizations with the most comprehensive view of their security perimeters, while empowering them to proactively identify and address potential threats. Organizations' perimeters are very distributed, complex and highly dynamic. There are often various operational teams managing firewalls, load balancers, systems, applications and databases, making frequent changes to a network environment independent of one another. Perimeter scanning and response to unintentional security holes created by these changes is often event-driven and only performed at designated times, rather than on a continuous, always-on basis. This presents a significant opportunity for cybercriminals to exploit newly introduced vulnerabilities and infiltrate corporate networks in between scans. Continuous Monitoring provides organizations with a comprehensive, always-on view of potential security holes, enabling organizations to immediately identify and proactively address potential threats before they turn into breaches. Built on the Qualys Cloud Platform used by Fortune 1,000 and organizations around the globe, Continuous Monitoring uses its elastic scanning capacity to dynamically scale to continuously scan networks of any size and scope, and instantly provide alerts as soon as an unauthorized change is detected. Continuous Monitoring now includes: Integration with lading SIEM Providers - a new extensible API interface incorporates alerts into incident response and monitoring systems via integrations with security incident and event management (SIEM) platforms, including Splunk and HP ArcSight, Common Event Format (CEF) Support - use CEF format to send events into all popular SIEM and incident response products and get email alerts delivered directly to the inbox. In addition, Continuous Monitoring allows businesses to continuously monitor and respond to any of these combinations: New Hosts - to see whenever systems appear, disappear, or are running unexpected operating systems, OS Changes on Existing Hosts - to see when changes have been made to operating systems on systems, Open Ports/Services - to keep tabs on network ports including newly opened ports, changes to ports, new services on ports, and closing of ports, SSL Certificates - to track SSL certificates used on systems including expired, soon-to-expire, rogue or unknown certificates, Vulnerabilities Changes - to know when there are changes in vulnerabilities including new, re-opened and closed instances, software Changes - such as installation of new software, upgrades or downgrades of existing software, and removals.