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Sep 30, 2020
Qualys Q3 2020 Earnings Report
Qualys reported strong revenue growth and increased adoption of its VMDR application.
Key Takeaways
Qualys announced financial results for the third quarter ended September 30, 2020, reporting revenues of $93.1 million, a 13% increase year-over-year. GAAP EPS was $0.56, and non-GAAP EPS was $0.77. The company raised its 2020 revenue guidance to $362.4-$363.0 million and EPS guidance.
Revenue for the third quarter of 2020 increased by 13% to $93.1 million compared to $82.7 million for the same quarter in 2019.
GAAP net income for the third quarter of 2020 was $22.7 million, or $0.56 per diluted share.
Non-GAAP net income for the third quarter of 2020 was $31.4 million, or $0.77 per diluted share.
Operating cash flow for the third quarter of 2020 increased by 31% to $59.6 million compared to $45.7 million for the same quarter in 2019.
Qualys
Qualys
Forward Guidance
Management expects revenues for the fourth quarter of 2020 to be in the range of $94.2 million to $94.8 million, representing 11% to 12% growth over the same quarter in 2019. GAAP net income per diluted share is expected to be in the range of $0.39 to $0.41. Non-GAAP net income per diluted share is expected to be in the range of $0.69 to $0.71.