Qualys Inc ( (QLYS) ) has released its Q4 earnings. Here is a breakdown of the information Qualys Inc presented to its investors.
Qualys, Inc., a prominent player in the cloud-based IT security and compliance sector, specializes in delivering innovative solutions to streamline and consolidate security operations across diverse environments.
Qualys has reported a consistent 10% year-over-year revenue growth for both the fourth quarter and the full year of 2024. The company has also announced a $200 million increase in its share repurchase program, reflecting confidence in its financial health and market position.
Key financial metrics reveal a strong performance, with the fourth quarter revenues reaching $159.2 million and a GAAP net income of $44.0 million. The company’s gross profit and operating income also saw double-digit increases, while operating cash flow surged by 41%. Qualys has launched several strategic initiatives, such as the Risk Operations Center, enhancing its product offerings to maintain a competitive edge.
For the full year, Qualys achieved revenues of $607.6 million and a GAAP net income of $173.7 million. The company’s products continue to receive industry recognition, reinforcing its leadership in cybersecurity asset management and vulnerability management sectors.
Looking ahead, Qualys management anticipates a 6% to 8% revenue growth for 2025, supported by a robust portfolio of cloud-based security solutions and strategic market expansions. The company remains committed to innovation and aims to sustain its growth trajectory in the evolving cybersecurity landscape.