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Mar 31, 2020
Qualys Q1 2020 Earnings Report
Qualys reported revenue growth of 14.5% year-over-year, GAAP EPS of $0.46, and non-GAAP EPS of $0.65.
Key Takeaways
Qualys announced their Q1 2020 financial results, reporting revenues of $86.3 million, a 14.5% increase compared to the same quarter in 2019. GAAP EPS was $0.46 and non-GAAP EPS was $0.65. The company also announced an additional $100 million share repurchase program.
Revenue for the first quarter of 2020 increased by 14.5% to $86.3 million compared to $75.3 million for the same quarter in 2019.
GAAP operating income for the first quarter of 2020 increased by 45% to $20.4 million compared to $14.1 million for the same quarter in 2019.
The company's groundbreaking VMDR application is seeing strong customer reception with nearly 150 customers already subscribed to it.
Board authorized an additional 2-year $100 million open market share repurchase program.
Qualys
Qualys
Forward Guidance
Qualys is issuing financial guidance for the second quarter and full year fiscal 2020, but emphasizes that the guidance is subject to various important cautionary factors referenced in the section entitled 'Legal Notice Regarding Forward-Looking Statements' below, including risks and uncertainties associated with the COVID-19 pandemic.