QUALYS Reports Record Revenue and Net Income for Q2 of FY2023
August 10, 2023
🌥️Earnings Overview
On August 3 2023, Qualys ($NASDAQ:QLYS) reported an increase in their total revenue and net income for the second quarter of FY2023 ending June 30 2023. Total revenue totaled USD 137.2 million, a 14.4% year-over-year increase, while net income increased by 33.0%, totaling USD 35.4 million.
Share Price
In response to the news, QUALYS stock opened at a price of $134.6 and closed at $138.0, representing a 2.0% gain from its previous closing price of $135.3. This surge in share price has been largely attributed to the strong financial results that demonstrate the company’s strong growth potential. In light of these encouraging numbers, QUALYS will continue to focus on strengthening its foothold in the security market and expanding its product offering in order to better serve its customers. With such promising revenue and net income numbers, investors can expect QUALYS’ share price to remain solid in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Qualys. QUALYS_Reports_Record_Revenue_and_Net_Income_for_Q2_of_FY2023″>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. QUALYS_Reports_Record_Revenue_and_Net_Income_for_Q2_of_FY2023″>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. QUALYS_Reports_Record_Revenue_and_Net_Income_for_Q2_of_FY2023″>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. QUALYS_Reports_Record_Revenue_and_Net_Income_for_Q2_of_FY2023″>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% |
Analysis
As a GoodWhale analyst, I examined the financials of QUALYS and found that according to Star Chart, it is classified as a ‘gorilla’, which means that it has achieved stable and high revenue or earning growth due to its strong competitive advantage. This type of company may be attractive for investors who are looking for long-term growth potential. QUALYS is particularly strong in terms of asset, growth, and profitability, but offers only minimal dividends. Its financial health score is 10/10, indicating that it has a strong balance sheet and is capable of riding out any crisis without the risk of bankruptcy. More…
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 reported strong financials for the second quarter of FY2023, ending June 30 2023. Total revenue grew 14.4% year-over-year to USD 137.2 million and net income increased by 33.0% to USD 35.4 million. This indicates that investment in QUALYS is potentially profitable and a great opportunity for investors, especially in light of their strong second quarter performance.
Analysts suggest that the company is well-positioned to continue its growth trajectory into the future. As such, investors may want to consider incorporating QUALYS into their portfolios.
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