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Jun 30, 2021
Qualys Q2 2021 Earnings Report
Qualys announced financial results for Q2 2021, with revenue increasing by 12% year-over-year and paid cloud agent subscriptions growing 51% year-over-year.
Key Takeaways
Qualys delivered solid results for the second quarter of 2021, with revenues increasing by 12% to $99.7 million. The company's GAAP EPS was $0.53, and non-GAAP EPS was $0.79. Qualys is raising its full year 2021 revenue guidance to $406.0-$407.5 million.
Revenues for the second quarter of 2021 increased by 12% to $99.7 million compared to $88.8 million for the same quarter in 2020.
GAAP net income for the second quarter of 2021 was $21.1 million, or $0.53 per diluted share.
Non-GAAP net income for the second quarter of 2021 was $31.6 million, or $0.79 per diluted share.
Paid cloud agent subscriptions grew 51% year-over-year to 64 million deployed.
Qualys
Qualys
Forward Guidance
Qualys is issuing financial guidance for the third quarter and full year fiscal 2021. Revenues for the third quarter of 2021 are expected to be in the range of $103.8 million to $104.4 million, representing 12% growth over the same quarter in 2020. Management now expects revenues for the full year of 2021 to be in the range of $406.0 million to $407.5 million, representing 12% growth over 2020.
Positive Outlook
- Revenues for the third quarter of 2021 are expected to be in the range of $103.8 million to $104.4 million, representing 12% growth over the same quarter in 2020.
- GAAP net income per diluted share is expected to be in the range of $0.46 to $0.48.
- Non-GAAP net income per diluted share is expected to be in the range of $0.78 to $0.80.
- Management now expects revenues for the full year of 2021 to be in the range of $406.0 million to $407.5 million, representing 12% growth over 2020.
- GAAP net income per diluted share is expected to be in the range of $1.38 to $1.43.
Challenges Ahead
- Guidance is subject to various important cautionary factors.
- Risks and uncertainties associated with the COVID-19 pandemic.
- Assumes an effective income tax rate of 31%.
- Non-GAAP net income per diluted share is expected to be in the range of $0.78 to $0.80, which assumes a non-GAAP effective income tax rate of 21%.
- Assumes a non-GAAP effective income tax rate of 21%.