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Dec 31, 2021
Qualys Q4 2021 Earnings Report
Reported strong operating results for the fourth quarter, reflecting a year of early progress advancing go-to-market initiatives, significant platform innovation, and strong momentum heading into 2022.
Key Takeaways
Qualys announced its Q4 2021 financial results, with revenues of $109.8 million and GAAP EPS of $0.55. The company saw a 16% year-over-year increase in revenue and strong adoption of its Vulnerability Management, Detection and Response (VMDR®) application.
Q4 revenue increased by 16% year-over-year to $109.8 million.
GAAP gross profit for Q4 increased by 17% to $86.1 million.
GAAP operating income for Q4 increased by 19% to $29.0 million.
Customer penetration of Vulnerability Management, Detection and Response (VMDR®) application reached 36%.
Forward Guidance
Qualys provided financial guidance for Q1 2022, expecting revenues between $112.5 million and $113.1 million, and GAAP EPS between $0.51 and $0.53. For the full year 2022, the company anticipates revenues between $482.0 million and $485.0 million, and GAAP EPS between $1.59 and $1.64.
Positive Outlook
- Revenue for the first quarter of 2022 to be in the range of $112.5 million to $113.1 million, representing 16% to 17% growth over the same quarter in 2021.
- GAAP net income per diluted share is expected to be in the range of $0.51 to $0.53, which assumes an effective income tax rate of 29%.
- Non-GAAP net income per diluted share is expected to be in the range of $0.80 to $0.82, which assumes a non-GAAP effective income tax rate of 24%.
- Revenue for the full year of 2022 to be in the range of $482.0 million to $485.0 million, representing 17% to 18% growth over 2021.
- GAAP net income per diluted share is expected to be in the range of $1.59 to $1.64. This assumes an effective income tax rate of 29%.
Challenges Ahead
- Guidance is subject to various important cautionary factors referenced in the section entitled “Legal Notice Regarding Forward-Looking Statements”.
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