Qualys Inc ( (QLYS) ) has released its Q1 earnings. Here is a breakdown of the information Qualys Inc presented to its investors.
Qualys, Inc. is a prominent provider of cloud-based IT security and compliance solutions, serving over 10,000 customers globally, including major corporations in the Forbes Global 100 and Fortune 100. The company is renowned for its innovative cybersecurity risk management solutions and strategic partnerships with leading cloud service providers.
In its first-quarter 2025 earnings report, Qualys announced a 10% year-over-year revenue growth, reaching $159.9 million, and raised its full-year revenue guidance to between $648 million and $657 million. The company also reported a significant increase in both GAAP and non-GAAP net income, reflecting strong demand for its cybersecurity solutions.
Key financial highlights include a 16% rise in GAAP operating income to $51.8 million and a 20% increase in GAAP net income to $47.5 million. The company also achieved an 8% growth in adjusted EBITDA, amounting to $74.8 million. Operating cash flow saw a notable 28% increase, reaching $109.6 million. Qualys introduced several new products, including the Managed Risk Operation Center and TotalAppSec, enhancing its position as a leader in cybersecurity.
The company continues to receive industry recognition, with its TotalCloud and CyberSecurity Asset Manager being named leaders by independent analyst firm GigaOm. Qualys also expanded its integration capabilities by partnering with ServiceNow to enhance container security.
Looking ahead, Qualys remains optimistic about its growth prospects, with management expecting continued revenue growth and profitability. The company anticipates second-quarter revenues to range between $159.7 million and $162.7 million, with full-year guidance reflecting a 7% to 8% growth over 2024. Qualys is strategically positioned to capitalize on the increasing demand for comprehensive cybersecurity solutions.