Q4 2024 Qualys Inc Earnings Call Transcript
Key Points
- Qualys Inc (QLYS) reported a 10% revenue growth for the full year 2024, reaching $607.6 million.
- The company achieved an adjusted EBITDA margin of 47%, demonstrating strong financial discipline.
- Qualys Inc (QLYS) introduced innovative products like TruRisk Eliminate and TotalAI, enhancing their cybersecurity offerings.
- The company saw a 13% increase in customers spending $500,000 or more, indicating strong customer retention and growth.
- Qualys Inc (QLYS) expanded its channel partner contributions, with revenues from channel partners growing by 18%.
- The net dollar expansion rate remained flat at 103%, indicating challenges in upselling to existing customers.
- New bookings performance was disappointing in Q4, impacting revenue growth expectations for 2025.
- The departure of Chief Revenue Officer Dino DiMarino may lead to potential disruptions in sales execution.
- Guidance for 2025 indicates a lower revenue growth rate of 6% to 8%, reflecting cautious market conditions.
- The company anticipates a contraction in gross margin by approximately 1% due to investments in data centers.
Good day, and thank you for standing by. Welcome to Qualys Fourth Quarter 2024 Investor Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Blair King. Please go ahead.
Thanks, Gigi. Good afternoon, and welcome to Qualys' fourth quarter 2024 earnings call. Joining me today to discuss our results is Sumedh Thakar, our President and CEO; and Joo Mi Kim, our CFO.
Before we get started, I would like to remind you that our remarks today will include forward-looking statements that generally relate to future events or our future financial or operating performance. Actual results may differ materially from these statements. Factors that could cause results to differ materially are set forth in today's press release and our
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
