Qualys (QLYS) FY2017 results: revenue $231 million, up 16.6% on the year
Qualys, Inc. (QLYS) reported revenue of $231 million for fiscal 2017, the year ended 31 December 2017, up 16.6% on the year before. Net income was $40 million, up 110.4%, and diluted earnings per share $1.01. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2018.
Revenue
$231 million
+16.6% on the year
FY2010FY2017
Operating margin
16.1%
15.2% a year earlier
FY2010FY2017
Net income
$40 million
+110.4% on the year
FY2010FY2017
Diluted EPS
$1.01
+102.0% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
231
198
164
+16.6%
Cost of revenue
51.6
43.1
34.3
+19.6%
Gross profit
179
155
130
+15.8%
Gross margin
77.7%
78.2%
79.1%
Research and development
42.8
36.6
30.4
+17.0%
Operating income
37.2
30.1
24.8
+23.7%
Operating margin
16.1%
15.2%
15.1%
Interest expense
0.0
0.0
0.0
-88.5%
Pre-tax income
39.4
30.4
24.5
+29.4%
Income tax
-1.1
11.2
8.7
Effective tax rate
-2.7%
36.8%
35.3%
Net income
40.4
19.2
15.9
+110.4%
Net margin
17.5%
9.7%
9.7%
Diluted EPS
$1.01
$0.50
$0.42
+102.0%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
108
69.3
66.0
+55.3%
Capital expenditure
37.8
23.2
20.1
+62.7%
Free cash flow
69.8
46.1
45.9
+51.6%
Free cash flow margin
30.3%
23.3%
27.9%
Cash from investing
-118
-96.5
-61.3
Cash from financing
10.4
23.4
10.6
-55.6%
Depreciation and amortisation
20.6
17.0
14.4
+21.4%
Share-based compensation
27.0
20.1
17.5
+33.8%
Buybacks
0.0
0.0
n/a
Diluted shares, weighted
40m
38m
38m
+4.4%
Shares outstanding at period end
39m
36m
34m
+7.7%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
344
258
196
+32.9%
Debt
0.0
0.0
0.0
Other liabilities
194
149
128
+30.5%
Total liabilities and equity
538
407
324
+32.1%
Fixed assets
58.6
39.4
31.3
+48.6%
Goodwill
0.0
0.3
0.3
-99.5%
Intangible assets
12.4
1.0
1.4
+1,156.4%
Investments
269
203
131
+32.6%
Cash and equivalents
86.6
86.7
91.7
-0.2%
Receivables
64.4
47.0
42.3
+37.0%
Other assets
46.5
29.7
25.9
+56.6%
Total assets
538
407
324
+32.1%
10-K for the year ended 31 December 2017, filed 23 February 2018: the filing.