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Qualys Announces Fourth Quarter And Full Year 2012 Financial Results

Stocks in this article: QLYS

2012 Revenue Growth of 20% to $91.4 Million Fourth Quarter GAAP EPS of $0.03, Non-GAAP EPS of $0.06 Full Year 2012 GAAP EPS of $0.08, Non-GAAP EPS of $0.20

REDWOOD CITY, Calif., Feb. 11, 2013 (GLOBE NEWSWIRE) -- Qualys, Inc. (Nasdaq:QLYS), a pioneer and leading provider of cloud security and compliance solutions, today announced financial results for the fourth quarter and year ended December 31, 2012. For the fourth quarter, the Company reported revenues of $24.7 million, GAAP net income of $1.2 million, non-GAAP net income of $2.0 million, adjusted EBITDA of $4.4 million, GAAP earnings per diluted share of $0.03, and non-GAAP earnings per diluted share of $0.06. For the full year ended December 31, 2012, the Company reported revenues of $91.4 million, GAAP net income of $2.3 million, non-GAAP net income of $5.7 million, adjusted EBITDA of $13.8 million, GAAP earnings per diluted share of $0.08, and non-GAAP earnings per diluted share of $0.20.

Philippe Courtot, Chairman and Chief Executive Officer of Qualys, said, "We are very pleased with our performance for the quarter and year as we continue to benefit from strong revenue growth generated from both new and existing customers. While our core Vulnerability Management solution remains the cornerstone of our product suite, we also experienced high demand for our Web Application Scanning and Policy Compliance solutions as we successfully diversified our business throughout last year. We aim to continue this trend in 2013 with innovation efforts that will center on further expanding our platform and reaching into new markets, including the government sector with our Virtualized QualysGuard Private Cloud Platform. We believe that our best-in-class platform and the benefits of increasing operating scale will enable us to further drive growth and shareholder value over the coming year."

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