Qualys (QLYS) FY2016 results: revenue $198 million, up 20.5% on the year
Qualys, Inc. (QLYS) reported revenue of $198 million for fiscal 2016, the year ended 31 December 2016, up 20.5% on the year before. Net income was $19 million, up 21.2%, and diluted earnings per share $0.50. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2017.
Revenue
$198 million
+20.5% on the year
FY2010FY2016
Operating margin
15.2%
15.1% a year earlier
FY2010FY2016
Net income
$19 million
+21.2% on the year
FY2010FY2016
Diluted EPS
$0.50
+19.0% on the year
FY2010FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
198
164
134
+20.5%
Cost of revenue
43.1
34.3
29.0
+25.6%
Gross profit
155
130
105
+19.1%
Gross margin
78.2%
79.1%
78.3%
Research and development
36.6
30.4
26.3
+20.2%
Operating income
30.1
24.8
9.2
+21.4%
Operating margin
15.2%
15.1%
6.9%
Interest expense
0.0
0.0
0.0
+333.3%
Pre-tax income
30.4
24.5
8.6
+24.1%
Income tax
11.2
8.7
-21.6
+29.5%
Effective tax rate
36.8%
35.3%
-251.1%
Net income
19.2
15.9
30.2
+21.2%
Net margin
9.7%
9.7%
22.6%
Diluted EPS
$0.50
$0.42
$0.81
+19.0%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
69.3
66.0
41.4
+5.1%
Capital expenditure
23.2
20.1
13.9
+15.9%
Free cash flow
46.1
45.9
27.5
+0.3%
Free cash flow margin
23.3%
27.9%
20.6%
Cash from investing
-96.5
-61.3
-14.3
Cash from financing
23.4
10.6
7.1
+121.3%
Depreciation and amortisation
17.0
14.4
11.9
+18.3%
Share-based compensation
20.1
17.5
10.5
+15.2%
Buybacks
0.0
n/a
n/a
Diluted shares, weighted
38m
38m
37m
+0.5%
Shares outstanding at period end
36m
34m
34m
+4.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
258
196
152
+32.1%
Debt
0.0
0.0
0.0
Other liabilities
149
128
108
+16.1%
Total liabilities and equity
407
324
260
+25.8%
Fixed assets
39.4
31.3
26.6
+25.8%
Goodwill
0.3
0.3
0.3
0.0%
Intangible assets
1.0
1.4
2.0
-27.4%
Investments
203
131
90.2
+55.4%
Cash and equivalents
86.7
91.7
76.5
-5.4%
Receivables
47.0
42.3
33.0
+11.1%
Other assets
29.7
25.9
31.4
+14.5%
Total assets
407
324
260
+25.8%
10-K for the year ended 31 December 2016, filed 24 February 2017: the filing.