Qualys sees FY24 CapEx $15M-$20M; Q1 CapEx $3M-$5M

Says most of CapEx will be devoted to sales and marketing with a modest amount to engineering. The company quantified the Microsoft ‘sunsetting’ impact by stating, “This guidance includes an estimated 1% reduction to revenue growth in 2024 from sunsetting our embedded solution for Microsoft Defender effective May 1st. Earlier this year, Microsoft Defender for cloud users using product solutions were notified that we will be retiring our integration of Microsoft Defender and transitioning to be while our model. With this change, these customers will be able to leverage Qualys total costena to effectively manage their security risk for cloud and container. Although this strategic shift is estimated to result in a short term negative impact to revenues, we believe it will be key to delivering long term value to customers. Normalized for this change our revenue guidance for the full year 2024 would have been 9% to 11%.” Comments taken from Q4 earnings conference call.