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Investing.com -- Qualys, Inc. (NASDAQ:QLYS) reported better-than-expected first quarter results and raised its full-year guidance, sending shares up 2.6% in after-hours trading.
The cloud-based IT security firm posted adjusted earnings per share of $1.67, surpassing analyst estimates of $1.47. Revenue grew 10% YoY to $159.9 million, exceeding the consensus forecast of $157.11 million.
Qualys raised its 2025 revenue guidance to $648-$657 million, up from its previous range of $645-$657 million and above analyst expectations of $650.7 million. The company also increased its full-year adjusted EPS outlook to $6.00-$6.30, compared to the consensus of $5.83.
"Our Q1 results reflect the success of new product initiatives and demonstrate customer demand for natively-integrated cybersecurity risk management solutions," said Sumedh Thakar, Qualys’ president and CEO.
Operating cash flow for the quarter jumped 28% YoY to $109.6 million, representing 69% of revenue. The company’s adjusted EBITDA margin remained steady at 47%.
For the second quarter, Qualys expects revenue between $159.7 million and $162.7 million, representing 7-9% YoY growth. Adjusted EPS is projected to be in the range of $1.40 to $1.50.
The company highlighted the launch of its Managed Risk Operation Center and TotalAppSec solution during the quarter, aiming to expand its offerings in application risk management and managed services.
Qualys’ strong performance and raised outlook suggest continued momentum in the cybersecurity sector as organizations prioritize IT security and compliance solutions.
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