05:51 PM EDT, 05/07/2024 (MT Newswires) -- Qualys ( QLYS ) reported Q1 non-GAAP net income late Tuesday of $1.45 per diluted share, up from $1.09 a year earlier.

Analysts polled by Capital IQ expected $1.31.

Revenue for the quarter that ended March 31 was $145.8 million, up from $130.7 million a year earlier.

Analysts surveyed by Capital IQ expected $145.8 million.

The company expects Q2 and full-year 2024 non-GAAP net income of $1.27 to $1.35 per diluted share and $5.06 to $5.30 per diluted share, respectively. The full-year is up from the previous guidance range of $4.95 to $5.27 per diluted share. Analysts surveyed by Capital IQ expect $1.30 for Q2 and $5.21 for 2024.

The company expects revenue for Q2 between $147.5 million and $149.5 million and for full year between $601.5 million and $608.5 million. The full-year outlook compares with previous guidance of $600 million to $610 million. Analysts polled by Capital IQ expect $150.5 million for Q2 and $607.5 million for 2024.

Company shares were 1% lower after hours.

Price: 164.00, Change: -1.98, Percent Change: -1.19