Qualys, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 04:05 pm EDT
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Qualys, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 142 million compared to USD 125.56 million a year ago. Net income was USD 46.52 million compared to USD 27.66 million a year ago. Basic earnings per share from continuing operations was USD 1.27 compared to USD 0.72 a year ago. Diluted earnings per share from continuing operations was USD 1.24 compared to USD 0.71 a year ago.
For the nine months, sales was USD 409.89 million compared to USD 358.87 million a year ago. Net income was USD 111 million compared to USD 79.67 million a year ago. Basic earnings per share from continuing operations was USD 3.01 compared to USD 2.06 a year ago. Diluted earnings per share from continuing operations was USD 2.96 compared to USD 2.01 a year ago.
Qualys, Inc. is a provider of a cloud-based platform delivering information technology (IT), security and compliance solutions. The Companyâs integrated suite of IT, security and compliance solutions delivered on Qualys' Enterprise TruRisk Platform enables its customers to identify and manage their IT and operational technology (OT) assets, collect, and analyze large amounts of IT security data, recommend, and implement remediation actions and verify the implementation of such actions. It provides its solutions through a software-as-a-service model, primarily with renewable annual subscriptions. Its cloud platform offers an integrated suite of solutions that automates the lifecycle of asset discovery and management, security and compliance assessments, and remediation for an organizationâs IT infrastructure and assets, whether such infrastructure and assets reside inside the organization, on their network perimeter, on endpoints or in the cloud.