This article continues coverage of 2022 annual earnings for cybersecurity companies. Part 1 discussed Cloudflare, Check Point, CyberArk, and Fortinet. Today, we’re going to take a look at Qualys, Rapid7 and Tenable — three direct competitors in the vulnerability management market.
The strategy for each company is expansion into other adjacent product categories to broaden their platform and consolidate other standalone vendors. Each is executing their strategy in a slightly different way with varying levels of (early) success. We’ll cover some of the nuances as we break down the earnings for each company.
From Qualys’s annual earnings press release:
Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of disruptive cloud-based IT, security and compliance solutions, today announced financial results for the fourth quarter and full year ended December 31, 2022. For the quarter, the Company reported revenues of $130.8 million, net income under United States Generally Accepted Accounting Principles (GAAP) of $28.3 million, non-GAAP net income of $38.9 million, Adjusted EBITDA of $55.1 million, GAAP net income per diluted share of $0.74, and non-GAAP net income per…
