Qualys Inc(NASDAQ: QLYS) stock rose over 3.4% on Feb 12th, 2018 in the after-hours session. The stock rallied over 84.1% in the last one year.
For the fiscal year of 2017, the group delivered a 19% annual revenue growth normalized for MSSP and FX and reported a record full-year EBITDA margin of 37%. The group continued to witness Cloud Agents momentum, and reported a record number of Cloud Agent subscriptions in Q4 and has almost 6 million Cloud Agents purchased over the last twelve months as of FY17, which is 3 times the amount they had at the end of 2016 and a 27% rise against the last quarter.
The group also launched many new products, features and enhancements while enhanced revenues by 19% and delivered record EBITDA margins of 37%, despite ongoing investment in the business, including 27% year over year growth in headcount in 2017. The percent of bookings contribution from new products released since 2015 more than doubled to 12% in 2017 as compared to the last year. The ongoing adoption of their platform is a contributor to a major deal size and the group witnessed a meaningful expansion in average revenues for enterprise customers with multiple Qualys cloud apps in 2017.
Enterprise customers buying four or more solutions generated on average of over $180,000 in annual revenue as of 2016 while this level of revenue was generated with enterprise customers purchasing only three or more solutions in 2017. The group continued to see healthy demand driven by their strategic positioning as the leading cloud platform in the markets while the percent of enterprise customers with three or more Qualys solutions rose to 32% this quarter, increasing from 25% a year ago and their average revenue in the quarter rose 20% on a year-over-year basis. The group witnessed a solid demand this quarter from the current customers in terms of renewals and upsells and deal sizes continued to rise in Q4 growing 15% year-over-year.
The group is in the number fifth position in the Worldwide Security and Vulnerability Management Market and No. 1 position in the Worldwide Vulnerability Assessment Segment for the second year in a row, showing their competitive position. As per IDC, Qualys has over 3% of the Worldwide Security and Vulnerability Management Market.