Its financials and valuation details are not known.Īdditionally, Qualys continued to offer several product upgrades. Prior to the acquisition, Blue Hexagon had raised $37 million from investors including Altimeter Capital and Benchmark. Qualys plans to integrate Blue Hexagon’s solutions with its Cloud Platform to allow customers to detect active vulnerability exploitations, implement adaptive risk mitigation by leveraging the Qualys cloud platform for predictive analytics, and augment detection and response with the context of network threats. The acquisition will help strengthen Qualys’s Cloud Platform to help convert petabytes of highly integrated data into meaningful insights for customers. Its AI/ML-based solutions help enterprises adopt the public cloud securely through real-time detection of several types of cloud attacks, from supply chain infection in containers and storage, to crypto miners and APTs with command and control, to unauthorized activity from malicious actors. San Francisco-based Blue Hexagon was founded in 2017 by Nayeem Islam and Saumitra Das. Recently, Qualys announced the acquisition of the assets of AI/ML-based cloud threat detection and response solutions provider Blue Hexagon for an undisclosed sum. The market was looking for revenues of $489.35 million and an EPS of $3.54 for the year. A quarter ago, Qualys had forecast revenues of $488-$489.5 million for the year and an EPS of $3.50-$3.55.
Qualys expects to end the year with revenues of $488.6-$489.6 million and an EPS of $3.60-$3.62. The market was looking for revenues of $130.91 million and an EPS of $0.90 for the quarter. On an adjusted basis, EPS was $0.94 compared with $0.86 a year ago, and the market’s estimates of $0.87.įor the fourth quarter, Qualys forecast revenues of $129.7-$130.7 million, with adjusted earnings of $0.89-$0.91 a share.
Cloud services security provider Qualys (Nasdaq: QLYS) recently announced its stellar quarter results.įor the third quarter of the year, Qualys’s revenues grew 20% to $125.6 million, surpassing the market’s estimates by 0.35%. According to a recent report, the global cloud security market is projected to grow at 18% CAGR from $29.26 billion in 2021 to reach $106.02 billion by 2029.
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