QUICK Heal Technologies Limited reports Q1FY 2016-17 Results

Posted by: at 8/06/2016 01:22:00 am

 Enterprise & Government and Mobile segments display strong growth  

Q1 FY 2016-2017 – Standalone Results  Revenues declined by 1% on YoY basis to Rs 475.1 million  EBITDA declined YoY from Rs 58.9 million to Rs (15.1) million  PAT declined YoY from Rs 18.4 million to Rs (36.9) million  

QUICK Heal Technologies Limited reports Q1FY 2016-17 Results

Q1 FY 2016-2017 – Consolidated Results  Revenues declined by 2% on YoY basis to Rs 475.5 million  EBITDA declined YoY from Rs 47.5 million to Rs (34.1) million  PAT declined YoY from Rs 4.4 million to Rs (54.8) million  

PUNE, August 5, 2016: Quick Heal Technologies Limited (“Quick Heal”), India’s leading IT Security Software Products and Solutions provider, reported its results for the first quarter of the financial year ending 31st March, 2017. 

Key Highlights   

 Revenue from Retail, Enterprise & Government and Mobile segments accounted for 70.8%, 27.2% and 2.1% of total revenues respectively in Q1 FY17. Enterprise & Government and Mobile segment has displayed growth of 67.9% and 40% respectively.  
Kailash Katkar, Managing Director & Chief Executive Officer, Quick Heal Technologies Limited, said; “We displayed strong growth on YoY basis across Enterprise & Government and Mobile segments with a partial decline in retail segment. We have been observing substantial awareness around the need for the security products and solutions. We are well equipped to support the requirements and address new age challenges with our comprehensive product offerings. We are hopeful of maintaining strong growth momentum and sustaining our leadership position across segments and markets”   
Key Achievements / Developments  Best Antivirus, 9th NCN Most Innovative Product of the Year Award  Best Make in India Brand, 14th VARINDIA IT Forum     Launch of ‘Quick Heal Academy’ which will provide education services by working closely with universities, law enforcement agencies, and education institutions. The academy will design programs which will help in building a strong talent pool of Cyber Security Professionals in the country 
 Launch of ‘Seqrite Services’ which will provide cyber security consulting by offering a wide range of Managed Security Services including Cyber Audit and Cyber Forensic, Security Consulting and Security Operations Centre (SoC) to Enterprises and Government organisations. ‘Seqrite Services’ will be an arm of ‘Seqrite’, the Enterprise Security brand by Quick Heal.  

About Quick Heal Technologies Limited 
Quick Heal Technologies Limited is one of the leading providers of security software products and solutions in India. Incorporated in 1995 with a registered office in Pune, Quick Heal has over 1,300 employees and a network of over 20,000 channel partners on 30th June 2016. It conducts sales and marketing activities out of 64 offices and warehouses across 36 cities in India and, through its subsidiaries that are present in Japan, Dubai, the United States of America, and Kenya.   
Quick Heal’s portfolio includes solutions under the widely recognized brand names ‘Quick Heal’ and ‘Seqrite’ across various operating systems and devices. Since its incorporation, more than 24.5 million licenses of Quick Heal’s products have been installed and Quick Heal has over 7.3 million active licenses spread across more than 80 countries as on 30th June 2016.    
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