Stock Monitor: Cision Post Earnings Reporting

LONDON, UK / ACCESSWIRE / March 20, 2018 / Active-Investors.com has just released a free earnings report on Qualys, Inc. (NASDAQ: QLYS). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=QLYS. The Company reported its fourth quarter fiscal 2017 and full fiscal year 2017 operating and financial results on February 12, 2018. The maker of security-analysis software outperformed top- and bottom-line expectations, and also provided guidance for the upcoming quarter and fiscal year. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Cision Ltd (NYSE: CISN), which also belongs to the Technology sector as the Company Qualys. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Qualys most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

Qualys' revenues rose 20% to $62.9 million in Q4 2017 compared to $52.2 million in Q4 2016. Normalized for the impact of foreign exchange (FX) and the Managed Security Service Provider (MSSP) contract, the Company's revenues increased by 22% on a y-o-y basis. The Company's revenue numbers beat analysts' estimates of $62.0 million.

During Q4 2017, Qualys' GAAP gross profit advanced 20% to $48.5 million compared to $40.4 million in Q4 2016. The Company's GAAP gross margin percentage was 77% for the reported quarter compared to 77% for the year ago same period. For Q4 2017, Qualys' non-GAAP gross profit rose 21% to $49.5 million compared to $40.9 million in Q4 2016. The Company's non-GAAP gross margin percentage was 79% in the reported quarter versus 78% in Q4 2016.

Qualys' GAAP operating income was $9.7 million in Q4 2017 compared to $8.8 million in Q4 2016. The Company's non-GAAP operating income surged to $18.6 million in the reported quarter versus $13.8 million in the year earlier comparable quarter.

For Q4 2017, Qualys reported a GAAP net income of $2.9 million, or $0.07 per diluted share, compared to $5.9 million, or $0.15 per diluted share, in Q4 2016. Due to the US Tax Cuts and Jobs Act 2017 (TCJA), the Company's GAAP net income in the reported quarter included a $10.4 million tax expense for the reduction in the value of Qualys' US deferred tax assets caused by the US corporate tax rate reduction.

Qualys' non-GAAP net income was $13.0 million, or $0.32 per diluted share, in Q4 2017 compared to a non-GAAP net income of $8.8 million, or $0.23 per diluted share, in Q4 2016. The Company's earnings beat Wall Street's estimates of $0.28 per share.

For the full year FY17, Qualys' revenues advanced 17% to $230.8 million compared to $197.9 million in FY16. Normalized for the impact of FX and the MSSP contract, the Company's revenues increased by 19% on a y-o-y basis.

For FY17, Qualys' GAAP net income totaled $40.4 million, or $1.01 per diluted share, compared to $19.2 million, or $0.50 per diluted share, in FY16. The Company's non-GAAP net income in FY17 was $43.5 million, or $1.09 per diluted share, compared to $32.8 million, or $0.86 per diluted share, in FY16.

Cash Matters

Qualys' net cash from operations increased by 93% to $25.9 million in Q4 2017 compared to $13.4 million in Q4 2016, driven largely by the growth in the Company's billings and profits, as well as benefits from the reimbursement of $5.4 million in leasehold improvements for its new headquarters. During Q4 2017, Qualys' capital expenditure was $11.2 million compared to $4.4 million in Q4 2016.

Qualys' current deferred revenue balance was $143 million as of December 31, 2017, 25% greater than its balance as of December 31, 2016. The Company's calculated current billings, which is revenue plus the change in current deferred revenue, was $74 million in the reported quarter, up 27% on a y-o-y basis.

Outlook

For the first quarter of the fiscal year 2018, Qualys is forecasting revenues to be in the range of $63.4 million to $64.1 million, representing a growth of 19% to 21% on a y-o-y basis. The Company is expecting GAAP net income per diluted share to be in the range of $0.13 to $0.15, which assumes an effective income tax rate of 27%. Qualys is estimating non-GAAP net income per diluted share to be in the range of $0.32 to $0.34, which assumes an effective non-GAAP income tax rate of 23%.

For the full fiscal year 2018, Qualys' management expects revenues to be in the range of $275.5 million to $278.5 million, representing a growth of 19% to 21% on a y-o-y basis. The Company is anticipating GAAP net income per diluted share to be in the range of $0.71 to $0.76, and non-GAAP net income per diluted share to be in the band of $1.39 to $1.44 in FY18.

Stock Performance Snapshot

March 19, 2018 - At Monday's closing bell, Qualys' stock marginally climbed 0.47%, ending the trading session at $74.80.

Volume traded for the day: 372.12 thousand shares, which was above the 3-month average volume of 281.61 thousand shares.

Stock performance in the last month - up 5.06%; previous three-month period - up 28.52%; past twelve-month period - up 113.11%; and year-to-date - up 26.03%

After yesterday's close, Qualys' market cap was at $2.91 billion.

Price to Earnings (P/E) ratio was at 120.06.

The stock is part of the Technology sector, categorized under the Application Software industry.

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