Quick Heal Technologies Limited reports its FY17 Results Stable Profitability & Improved Operating Cash Flow on YoY basis

FY17 – Consolidated Results

• Cash PAT increased by 8% on YoY basis to Rs 879.5 million
• Revenues marginally declined by 0.7% on YoY basis at Rs 2,999.7 million
• Despite the impact of demonetisation, EBITDA stands at Rs 901.4 million
• PAT excl. exceptional item stands at Rs 570.0 million

Q4 FY17 – Consolidated Results

• Revenues declined by 18% on YoY basis to Rs 921.7 million
• EBITDA declined by 35% on YoY basis to Rs 365.8 million
• PAT declined by 39% on YoY basis to Rs 221.9 million

PUNE, May 12th, 2017: Quick Heal Technologies Limited (“Quick Heal”), India’s leading IT Security Software Products and Solutions provider, reported the audited results for the fourth quarter and full financial year ending 31st March, 2017.

Key Highlights

• Revenue from retail, enterprise & government and mobile segments accounted for 80.3%, 17.1% and 2.6% of total revenues respectively in FY17. Enterprise & Government vertical has clocked a YoY growth. On an average, the vertical acquired 17 new clients every day.
• Number of licenses sold during FY17 was 6,222K. Licenses sold to retail, enterprise & government and mobile segments were 5,183K, 913K and 126K respectively in FY17. Mobile vertical clocked a robust growth in customer acquisition.
• Revenue from retail, enterprise & government and mobile segments accounted for 79.6%, 18.2% and 2.2% of total revenues respectively in Q4 FY17.
• Number of licenses sold during Q4 FY17 was 1,913K. Licenses sold to retail, enterprise & government and mobile segments were 1,632K, 261K and 20K respectively in Q4 FY17.
• The Board of Directors have recommended the dividend of Rs 175.26 million (Excluding Dividend Distribution Tax) for FY16-17, translating into dividend of Rs 2.5 per equity share with face value of Rs 10, with a dividend pay-out ratio of 30.74 % of PAT excl. exceptional item.

Kailash Katkar, Managing Director & Chief Executive Officer, Quick Heal Technologies Limited, said; “The business environment was challenging during the fourth quarter as our distributor-retailer operations saw gradual stabilisation. While this led to decline in retail segment revenues, our enterprise & government and mobile segment revenues saw healthy growth. We witnessed good traction in new customer additions in enterprise & government segment. Our overall active licenses grew by 7% YoY to over 7.8 million as on March 2017. For the full year FY17, we recorded stable revenues on YoY basis and maintained strict control on operating costs, leading to higher cash profit generation. We continue to maintain a positive outlook for coming year backed by an increasing need of robust IT security solutions in India. With our committed efforts on Research & Development, we shall continue to deliver high quality IT security products & features which can effectively deal with the fast-evolving cyber security landscape in India & globally.”

Key Achievements / Developments in FY17:

• Seqrite EPS and Quick Heal Total Security received ‘Top Product’ rating by AV-TEST 
• Quick Heal Technologies Limited received Top Trademark Driven Industry award by CII in its Industrial Intellectual Property Awards
• Quick Heal Technologies Limited collaborated with Indian Computer Emergency Response Team, also referred as CERT-In for its ‘Cyber Swachhta Kendra’. CERT-In provided Quick Heal’s ‘Bot Removal tool’ free of cost to its users.
• Received ‘Best Make in India Brand’ award at 14th VARINDIA IT Forum
• Received 12th Annual Info Security PG's 2016 Global Excellence Awards, USA

- Gold Winner for Product Development/Management Executive of the year
- Silver Winner in the category of Security Products and Solutions for Small Businesses and
SOHO

• Received ICSA Labs ‘Excellence in Information Security Testing’ Award for the 5th consecutive year

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 1,374 employees and a network of over 15,093 retail channel partners, 491 enterprise channel partners, 102 Government partners and 1,660 mobile channel partners as on 31st March 2017. It conducts sales and marketing activities out of 63 offices and warehouses across 35 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. Quick Heal currently has over 7.8 million active licenses spread across more than 80 countries as on 31st March 2017.