Qualys (QLYS) Tops Q4 EPS by 5c

Qualys (NASDAQ: QLYS) reported Q4 EPS of $0.64, $0.05 better than the analyst estimate of $0.59. Revenue for the quarter came in at $84.7 million versus the consensus estimate of $84.69 million.

"We are pleased to finish 2019 with another strong quarter that exhibited robust growth in Qualys Cloud Agent subscriptions and multiproduct adoption. Importantly, this year we delivered an impressive suite of new applications to our Qualys Cloud Platform, including Patch Management, Global IT Asset Discovery and Inventory, and Indication of Compromise 2.0, while producing record margins. The 2020 release of our Vulnerability Management, Detection and Response (VMDR) app will elevate Qualys' market-leading vulnerability management solution to the next level by providing customers with one streamlined workflow to scan, investigate, prioritize and neutralize threats,\" said Philippe Courtot, chairman and CEO of Qualys. "Prominent industry analyst, Ovum, recently reported that VMDR represents the next generation of vulnerability management, drastically reducing the time to remediation, while also reducing the operational and licensing costs."

For earnings history and earnings-related data on Qualys (QLYS) click here.

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