Quick Heal Technologies Limited Reports 15 Percent Revenue Growth During 9MFY19

Quick Heal Technologies Limited (Quick Heal), India’s leading provider of IT Security Software Products and Solutions to individuals, businesses and Government, reported its reviewed and un-audited results for the quarter and nine months ending 31st December 2018.

Segmental performance for the nine month ended December 31, 2018

• Retail segment revenue up 15 percent to Rs. 1924 million as compared to Rs. 1680 million in the corresponding period of the previous year; contributes 80 percent to total revenue.
• Enterprise and Government segment revenue up 7 percent to Rs. 490 million as compared to Rs. 456 million in the corresponding period previous year; contributes 20 percent to total revenue.

Kailash Katkar, Managing Director and Chief Executive Officer, Quick Heal Technologies Limited, said; “There has been a sustained momentum in the business with an overall revenue growth of 15 percent in our YTD operating performance. During the year, we made conscious efforts to offer highly customized endpoint security, network security and data protection solutions to our enterprise customers and enhance engagement with the channel ecosystem. While retail segment grew by 15 percent, the growth of 7 percent in the Enterprise and Government segment has been lower than our expectations. However, we are confident that our leadership position backed by world-class products & solutions and deep intelligence on the threat landscape will enable us to deliver steady performance in the coming future.”

Nitin Kulkarni, Chief Financial Officer, Quick Heal Technologies Limited, added “Our unrelenting efforts to grow the business have started yielding results. For 9MFY19, we have witnessed a 15 percent growth in revenue which has been complemented by increase in EBITDA and PAT margins by 1150 bps and 1104 bps respectively. As of December 2018, overall working capital days stood at 77 days as compared to 83 days in March 2018.” Vijay Mhaskar, Chief Operating Officer, Quick Heal Technologies Limited, commented, “Our customers recognize and appreciate the superior protection, timely updates and cross-product integration delivered by our solutions. Our thrust on new innovations using artificial intelligence and machine learning will help us further strengthen our portfolio and keep us ahead of the curve in providing solutions to tackle the evolving cyber threat landscape. We continue to remain optimistic on the growth prospects in retail as well as enterprise & government segment in the coming future.”

Award and accreditation

Seqrite received best cybersecurity brand award at the ‘National Summit for Digital Innovation & Cybersecurity’. – Medical Buyer Bureau