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Jun 30, 2020
Qualys Q2 2020 Earnings Report
Reported a revenue increase of 13% year-over-year and GAAP EPS of $0.64 and non-GAAP EPS of $0.74.
Key Takeaways
Qualys announced financial results for the second quarter ended June 30, 2020, reporting revenues of $88.8 million, net income of $26.3 million, and non-GAAP net income of $30.3 million. The company's GAAP EPS was $0.64, and non-GAAP EPS was $0.74.
Revenue for the second quarter of 2020 increased by 13% to $88.8 million compared to $78.9 million for the same quarter in 2019.
GAAP gross profit for the second quarter of 2020 increased by 14% to $69.9 million compared to $61.4 million for the same quarter in 2019.
GAAP net income for the second quarter of 2020 was $26.3 million, or $0.64 per diluted share, compared to $16.2 million, or $0.39 per diluted share, for the same quarter in 2019.
Adjusted EBITDA for the second quarter of 2020 increased by 28% to $42.8 million compared to $33.4 million for the same quarter in 2019.
Qualys
Qualys
Forward Guidance
Qualys is issuing financial guidance for the third quarter and full year fiscal 2020.