According to a recent report, the global cloud security market is estimated to grow 14% annually over the next few years to become a $77.5 billion market by 2026. The industry was pegged at $40.8 billion in 2022. Cloud services security provider Qualys (Nasdaq: QLYS) recently announced its fourth quarter results that surpassed market expectations. The company is continuing to invest in product development as it tries to expand its market reach. Qualys's Financials For the fourth quarter of the year, Qualys's revenues grew 19% over the year to $130.8 million, surpassing the market's estimates of $130.1. Net income of $28.3 million was higher than the $21.8 million reported a year ago. On an adjusted basis, it reported an EPS of $1.01 compared with the market's estimates of $0.84. For the year, Qualys saw revenues grow 19% to $489.7 million. Net income for the year of $146.5 million, or $3.72 per share was higher than previous year's $129.3 million, or $3.22 per
/PRNewswire/ Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of disruptive cloud-based IT, security and compliance solutions, today announced.
The latest version of the Qualys Multi-Vector EDR tool includes additional threat-hunting and risk mitigation capabilities, improving alert prioritization and reducing the time needed to respond to threats.