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Qualys Rises on Second Quarter and Guidance Beat

Qualys, Inc. (NASDAQ: QLYS) reported second-quarter earnings Monday after the markets closed. The company had $0.11 in earnings per share (EPS) on $39.9 million in revenue versus Thomson Reuters consensus estimates of $0.11 in EPS on $39.84 million in revenue. The same quarter from the previous year had $0.11 in EPS on $32.30 million in revenue.

Current deferred revenues increased by 22% to $87.4 million at the end of the quarter compared to $71.9 million at the same time in the previous year.

During this quarter, the company signed an agreement with AT&T Managed Security Services (MSS) to deliver Qualys security and compliance solutions integrated with AT&T MSS offerings.

The company gave guidance for the third quarter of 2015; it expects EPS to be in the range of $0.12 to $0.14 and for revenues to be in a range of $42.0 million to $42.5 million. There are consensus estimates of $0.13 in EPS on $42.79 million in revenue.

Philippe Courtot, Chairman, President and Chief Executive Officer of Qualys, commented on earnings:

We had an excellent second quarter and delivered on all aspects of our business, including the launch of our groundbreaking Cloud Agent Platform for continuous asset inventory, security and compliance. This new offering represents a tremendous opportunity for Qualys, as it allows us to expand our footprint within the enterprise and deliver a state-of-the-art solution to secure IT assets on premise, in elastic cloud environments or on mobile endpoints. In addition, we continue to see strong demand for all of our services, including Vulnerability Management, Policy Compliance and Web Application Scanning, due to the increased threat landscape. Our customers are benefitting from the scalability and extensibility of our cloud platform, as well as from our consistent delivery of innovative technology that extends the value of the platform and enhances our customers’ security.

At the end of the quarter the company had $158.1 million in cash, cash equivalents and marketable securities compared to $127.2 million at the end of December 2014.

Shares of Qualys closed Monday down 1.6% at $36.37. Following the release of the earnings report, shares were up 1% at $36.75.

By Chris Lange