QUALYS Reports 14.4% Increase in Revenue for Second Quarter of FY2023
August 24, 2023
☀️Earnings Overview
On June 30, 2023, QUALYS ($NASDAQ:QLYS) revealed their second quarter FY2023 earnings results, showcasing an overall revenue growth of 14.4%, amounting to USD 137.2 million. Net income for the quarter also saw a notable increase, growing 33.0% from the same period in the previous year and reaching USD 35.4 million.
Analysis
GoodWhale has conducted an analysis of QUALYS’s fundamentals and has found that it has a high health score of 10/10 considering its cashflow and debt. This suggests that the company is capable of riding out any economic crisis without the risk of bankruptcy. According to GoodWhale’s Star Chart, QUALYS is classified as a “gorilla” type of company, which is a company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Investors who are looking for a stable and profitable company with high growth potential may be interested in investing in QUALYS. However, QUALYS is not a particularly good option for dividend investors as it is weak in that area. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Qualys. More…
| Total Revenues | Net Income | Net Margin |
| 524.3 | 120.47 | 23.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Qualys. More…
| Operations | Investing | Financing |
| 204.33 | 161.74 | -299.39 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Qualys. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 709.58 | 432.57 | 7.51 |
Key Ratios Snapshot
Some of the financial key ratios for Qualys are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.3% | 17.3% | 27.7% |
| FCF Margin | ROE | ROA |
| 35.5% | 33.3% | 12.8% |
Peers
The Company offers solutions for web application security, endpoint security, database security, and network security. Qualys’s solutions are delivered as a service and enable customers to identify and protect their assets against a range of threats. The Company’s competitors include CYREN Ltd, KnowBe4 Inc, and Zscaler Inc.
– CYREN Ltd ($NASDAQ:CYRN)
CYREN Ltd. is a provider of Internet security solutions. The Company’s solutions enable service providers and enterprises to protect and manage their networks and users against Internet threats. These solutions include Web security, email security, mobile security and cloud security. The Company’s products are delivered through a global network of data centers. The Company’s subsidiary is Commtouch Software Ltd.
– KnowBe4 Inc ($NASDAQ:KNBE)
KnowBe4 is a provider of security awareness training and simulated phishing platforms to small, medium and enterprise organizations. The company was founded in 2010 and is headquartered in Clearwater, Florida. As of 2022, KnowBe4 has a market cap of 4.31B and a ROE of 3.34%. The company’s platform is used by over 31,000 customers worldwide and its library of training content is available in 28 languages.
– Zscaler Inc ($NASDAQ:ZS)
Zscaler Inc. is a cloud security company that provides Internet security, web security, next generation firewalls, sandboxing, SSL inspection, antivirus, vulnerability management and granular control of user activity in cloud computing, mobile and Internet of Things.
The company has a market capitalization of 21.53 billion as of 2022 and a return on equity of -37.32%. The company provides internet security and web security solutions to businesses and organizations worldwide. The company offers its solutions through a cloud-based security platform that delivers real-time visibility and protection from cyber threats. The platform includes a global threat intelligence network, which analyzes and classifies over 100 billion threats daily.
Summary
QUALYS‘s second quarter of FY2023 financial report showed strong growth, with total revenue increasing 14.4% and net income increasing 33.0% year-over-year. This indicates a positive outlook for the company and suggests that investors will benefit from strong returns in the near future. QUALYS continues to make investments in new technologies and services as well as expanding their customer base, positioning themselves for further growth and success. Investors can feel confident that QUALYS is a sound long-term investment and should expect to see positive returns in the upcoming quarters.
Related Posts
Recent Posts
