Qualys (QLYS) FY2018 results: revenue $279 million, up 20.8% on the year
Qualys, Inc. (QLYS) reported revenue of $279 million for fiscal 2018, the year ended 31 December 2018, up 20.8% on the year before. Net income was $57 million, up 41.7%, and diluted earnings per share $1.37. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$279 million
+20.8% on the year
FY2011FY2018
Operating margin
18.1%
16.1% a year earlier
FY2011FY2018
Net income
$57 million
+41.7% on the year
FY2011FY2018
Diluted EPS
$1.37
+35.6% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
279
231
198
+20.8%
Cost of revenue
66.2
51.6
43.1
+28.3%
Gross profit
213
179
155
+18.7%
Gross margin
76.3%
77.7%
78.2%
Research and development
53.3
42.8
36.6
+24.4%
Operating income
50.4
37.2
30.1
+35.2%
Operating margin
18.1%
16.1%
15.2%
Interest expense
0.2
0.0
0.0
+5,633.3%
Pre-tax income
55.5
39.4
30.4
+40.9%
Income tax
-1.8
-1.1
11.2
Effective tax rate
-3.3%
-2.7%
36.8%
Net income
57.3
40.4
19.2
+41.7%
Net margin
20.5%
17.5%
9.7%
Diluted EPS
$1.37
$1.01
$0.50
+35.6%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
125
108
69.3
+16.6%
Capital expenditure
22.8
37.8
23.2
-39.8%
Free cash flow
103
69.8
46.1
+47.1%
Free cash flow margin
36.8%
30.3%
23.3%
Cash from investing
-93.5
-118
-96.5
Cash from financing
-77.5
10.4
23.4
Depreciation and amortisation
28.9
20.6
17.0
+40.1%
Share-based compensation
30.1
27.0
20.1
+11.6%
Buybacks
85.0
0.0
0.0
Diluted shares, weighted
42m
40m
38m
+4.6%
Shares outstanding at period end
39m
39m
36m
+1.1%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
358
344
258
+4.2%
Debt
0.0
0.0
0.0
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
228
194
149
+17.4%
Total liabilities and equity
586
538
407
+9.0%
Fixed assets
61.4
58.6
39.4
+4.9%
Goodwill
7.2
0.0
0.3
+466,330.0%
Intangible assets
22.0
12.4
1.0
+77.2%
Investments
325
269
203
+20.7%
Cash and equivalents
41.0
86.6
86.7
-52.6%
Receivables
75.8
64.4
47.0
+17.7%
Other assets
53.3
46.5
29.7
+14.7%
Total assets
586
538
407
+9.0%
10-K for the year ended 31 December 2018, filed 27 February 2019: the filing.