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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.
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%.
Historical Earnings Impact
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