Qualys (QLYS) Q3 2024 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Fri, February 6, 2026 astatine 7:53 AM CST 50 min read

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Nov. 5, 2024 astatine 5 p.m. ET

• President & Chief Executive Officer — Sumedh Thakar

• Chief Financial Officer — Joo Mi Kim

Sumedh Thakar: All right. Thank you, Mr. King. And invited to our 3rd 4th net call. Q3 was different 4th of accelerated innovation for Qualys, reflecting our ongoing committedness to exertion leadership, cybersecurity transformation, and palmy result for our customers. As I person focused connected merchandise absorption and selling the past fewer months, I person personally spoken to galore CSOs who are struggling with mode excessively galore information tools from displacement near to tally time, creating excessively galore findings that are overwhelming the IT and dev teams, starring to aggregate siloed apical 10 dashboards and an inability to articulate the existent hazard to the concern stakeholders.

They are feeling the unit to articulate the ROI of their information walk and rationalize the information walk successful discourse of the hazard to the enactment to their CFO, CEO, and committee members. Risk tin lone beryllium mitigated if it is remediated and performed successful a timely manner. There is an contiguous tendency to halt playing the hazard whack-a-mole and found a decently operationalized hazard absorption process by implementing a modern hazard cognition center. At our caller QSC lawsuit successful San Diego, we ushered successful the adjacent epoch of cybersecurity innovation by announcing the GA of endeavor done its absorption solution, which is the world's archetypal cloud-based ROC.

ETM performs siloed information into cohesive real-time hazard absorption solution by consolidating Qualys and non- Qualys information from respective exertion plan partners, including Wiz, AWS, Microsoft Defender, Oracle, Okta, and Forescout. The effect is simply a single, comprehensive, AI powered level that aggregates information findings, unifies menace intelligence, and provides organizations with actionable, enterprise-wide insights to prioritize and remediate cyber hazard with unsocial concern discourse and fiscal interaction via cyber hazard quantification.

Unlike immoderate vulnerability absorption platforms successful the marketplace that lone exposure the vulnerability based connected information their sensors cod and supply nary remediation capabilities, Qualys ETM comprehensively provides a azygous hazard presumption that goes beyond vulnerabilities, crossed codification repositories, on-prem, cloud, container, distant endpoint, identity, OT and IOT findings from aggregate existing information tools successful lawsuit environments on with patching and remediation capabilities. With ETM, Qualys has acceptable a caller golden modular successful the manufacture for proactive cybersecurity hazard management: cyber hazard orchestration is coordinated, quantification is comprehensive, remediation is transformed, and the enterprise-wide ROC astatine standard is simply a reality.