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Dec 31, 2020
Qualys Q4 2020 Earnings Report
Reported a revenue increase of 12% year-over-year, a GAAP EPS of $0.59, and a non-GAAP EPS of $0.71.
Key Takeaways
Qualys announced its Q4 2020 financial results, reporting a revenue of $94.8 million, a GAAP EPS of $0.59, and a non-GAAP EPS of $0.71. The company's revenue increased by 12% compared to the same quarter in 2019. Qualys also announced an additional $100 million share repurchase program.
Q4 revenue increased by 12% year-over-year to $94.8 million.
Q4 GAAP EPS was $0.59, and non-GAAP EPS was $0.71.
The company delivered a free 60-day integrated VMDR service to help organizations assess devices impacted by SolarWinds and FireEye breaches.
Qualys announced an additional $100 million share repurchase program.
Qualys
Qualys
Forward Guidance
Qualys provided financial guidance for the first quarter and full year fiscal 2021, with revenue expected to be in the range of $94.8 million to $95.4 million for Q1 2021 and between $399.0 million to $402.0 million for FY 2021.
Positive Outlook
- First quarter 2021 revenue expected to be in the range of $94.8 million to $95.4 million, representing 10% to 11% growth over the same quarter in 2020.
- First quarter 2021 GAAP net income per diluted share is expected to be in the range of $0.37 to $0.39.
- First quarter 2021 non-GAAP net income per diluted share is expected to be in the range of $0.68 to $0.70.
- Full year 2021 revenue expected to be in the range of $399.0 million to $402.0 million, representing 10% to 11% growth over 2020.
- Full year 2021 GAAP net income per diluted share is expected to be in the range of $1.39 to $1.44.
Challenges Ahead
- Guidance is subject to various important cautionary factors, including risks and uncertainties associated with the COVID-19 pandemic.
- GAAP net income per diluted share estimates assume an effective income tax rate of 26%.
- Non-GAAP net income per diluted share estimates assume a non-GAAP effective income tax rate of 21%.
- First quarter 2021 net income per diluted share estimates are based on approximately 40.6 million weighted average diluted shares outstanding for the quarter.
- Full year 2021 net income per diluted share estimates are based on approximately 40.8 million weighted average diluted shares outstanding.