Qualys (NASDAQ:QLYS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Qualys Earnings Cheat Sheet
Revenue: Was the same at $24.9 million as the year-earlier quarter.
Actual vs. Wall St. Expectations: Qualys reported adjusted EPS income of $0.01 per share. By that measure, the company beat the mean analyst estimate of $0. It beat the average revenue estimate of $24.73 million.
Quoting Management: Philippe Courtot, Chairman and Chief Executive Officer of Qualys, said, “We have kicked off 2013 with a solid first quarter performance, driving revenue growth from expanded relationships with existing customers, as well as from the continued addition of new customers and partners. In particular, we saw continued strong adoption of our high-growth Web Application Scanning (WAS) and Policy Compliance solutions by both existing and new customers in the quarter, demonstrating Qualys’ ability to continue to diversify our revenues. At the RSA Conference this year, we introduced key updates to our highly scalable cloud platform, including the release of version 3.0 of WAS. We remain confident in our outlook for 2013 as we continue to focus on innovation to drive revenue growth and to generate value for our shareholders.”
Key Stats (on next page)…