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Update on Avira SMB Products

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Quick Heal Threat Report, Q2 - 2020

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Quick Heal Technologies Limited appoints Air Marshal (Retd) Bhushan Nilkanth Gokhale as an Independent Director

Pune, August 11, 2020: Quick Heal Technologies Limited (“Quick Heal”), one of the leading providers of cybersecurity and data protection solutions to consumers, businesses and government, has announced the appointment of Air Marshal (Retd) Bhushan Nilkanth Gokhale PVSM, AVSM, VM as Additional Director in Independent category with effect from August 12, 2020.

After his retirement as Vice Chief of Air Staff in 2007, Air Marshal (Retd) Bhushan Nilkanth Gokhale has served in various prestigious roles. He has served as Consultant to the Principle Scientific Adviser to the Government of India and Defence Research & Development Organisation (DRDO). Moreover, he has served as a nominated Member on the Boards of two Defense PSUs, namely Bharat Electronics Ltd and Bharat Dynamics Ltd.

Speaking on the appointment, Mr Kailash Katkar, Managing Director & Chief Executive Officer, Quick Heal Technologies Limited, said; “We are very excited to welcome Air Marshal (Retd) Bhushan Nilkanth Gokhale to our board of directors. I am confident that Quick Heal will immensely benefit from his valuable insights and guidance in the cybersecurity domain. Air Marshal Gokhale’s personal and professional experience will be a great asset to the company as we work towards the vision of securing India’s digitization efforts.”

Speaking on his appointment, Air Marshal (Retd) Bhushan Nilkanth Gokhale, said “With the rapid adoption of digital technologies in public and private sectors, the role of cybersecurity has become more important than ever. Quick Heal is an innovativeIndian company with a range of indigenously developed technologies. This is an interesting time to join the firm and add value to it as an Independent Director.”

Air Marshal (Retd) Bhushan Nilkanth Gokhale, PVSM AVSM VM was commissioned into the Indian Air Force in June 1968 in the fighter stream. A Qualified Flying Instructor and Fighter Combat Leader from the prestigious Tactics and Combat Development Establishment, the Air Marshal, graduated from the Defence Services Staff College. He completed his M.Sc. and M Phil from Madras University. He is an alumnus of the Air War College, USA and a Fellow of Aeronautical Society of India.

Some of the other notable roles include Member of the All India Council for Technical Education (Western Region); Founder and Trustee of Pune International Center; Chairman, Civil Aviation Committee at Maharatta Chamber of Commerce, Industries and Agriculture (MCCIA), board member of MCCIA; and Director of Centre for Advanced Strategic Studies, Pune. He has also been honoured as Paul Harris Fellow by the Rotary Foundation.

About Quick Heal Technologies Limited

Quick Heal Technologies Limited is one of the leading providers of IT Security and Data Protection Solutions with a strong footprint in India and an evolving global presence. Incorporated in the year 1995, with a registered office in Pune, it is an all-round player in cybersecurity with presence in B2B, B2G and B2C segments and multiple product categories – endpoints, network, data and mobility.

It helps in simplifying security by delivering the best in class protection against advanced cyber-threats to millions of its customers and enterprises. Quick Heal’s portfolio includes solutions under the widely recognized brand names ‘Quick Heal’ and ‘Seqrite’ across various operating systems and devices.

For more information about the Company, please visit our website www.quickheal.co.in

Safe Harbor Statement

This document may contain forward-looking statements about Quick Heal Technologies Limited, which are based on the beliefs, opinions, and expectations of the company’s management as the date of this press release and the companies do not assume any obligation to update their forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. Consequently, readers should not place any undue reliance on such forward-looking statements.

For further details please contact

Company

Quick Heal Technologies Limited
CIN No: L72200MH1995PLC091408
Mr. Akash Gosavi
Email Id: akash.gosavi@quickheal.co.in
Tel. No.: +91 020 6681 3287

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Quick Heal Technologies Limited announces Q1FY21 Results

PUNE, August 10, 2020: Quick Heal Technologies Limited (“Quick Heal”), one of the leading providers of cybersecurity and data protection solutions to consumers, businesses and Government, reported its reviewed and unaudited results for the quarter ended 30 th June 2020.

Consolidated Financial Highlights:

Particulars (Rs. million)

Q1FY21

Q1FY20

YoY Change

Revenue

735 576 27.5%

EBITDA

321 128 150.6%

EBITDA Margin

43.75% 22.26% 2,149 bps

PAT

250 119 109.8%

PAT Margin

33.97% 20.66% 1,331 bps

Mr. Kailash Katkar, Managing Director & Chief Executive Officer, Quick Heal Technologies Limited, said; “Even with the COVID-19 headwinds, we were able to deliver strong growth in the first quarter aided by revenue spill over from Q4FY20. Our flagship products ‘Seqrite Endpoint Security’ and ‘Quick Heal Total Security’ were recently recognised as top products by the Germany based AV-Test institute. The recognition is a testament to our focus on constant innovation and reinforces our ability to deliver superior protection and robust system performance across consumer and enterprise segments. With many Indian states gradually relaxing lockdown norms and situation expected to come back to normalcy supported by rising cybersecurity awareness, I’m optimistic about the growth prospects of the company.”

Mr. Nitin Kulkarni, Chief Financial Officer, Quick Heal Technologies Limited, added “We delivered strong revenue growth as well as better margins in Q1FY21 due to spill-over of revenue from Q4FY2020. However, non-availability of logistics and transport coupled with an extended lockdown in Q1FY21 affected our retail sales to some extent. Similarly, the overall demand in the enterprise segment has reduced considerably. Our balance sheet remains strong with zero debt and cash and cash equivalents balance of around Rs 387 cr.”

Segmental Performance for quarter ended ended 30th June 2020

  • Retail segment revenue at Rs. 668 million as compared to Rs. 457 million in the corresponding period of the previous year.
  • Covid-19 and the lockdown that followed had reduced the overall buying from enterprises. Despite this headwind, the Enterprise and Government segment registered revenue of Rs. 104 million as compared to Rs. 146 million in the corresponding period previous year

Key updates for the quarter:

  • Quick Heal Launched next-generation suite of cybersecurity solutions powered by Privacy, Protection and Performance. With this launch, Quick Heal is redefining consumer security as it delivers comprehensive solutions to tackle the growing sophistication of cyber-attacks
  • ‘Quick Heal Total Security’ recognised as the ‘Top Product’ for home users in the latest results published by AV-Test Institute. Click here to know more.
  • Seqrite Endpoint Security recognised as the ‘Top Product’ for corporates in the latest results published by AV-Test Institute. Click here to know more.

About Quick Heal Technologies Limited

Quick Heal Technologies Limited is one of the leading providers of IT Security and Data Protection Solutions with a strong footprint in India and an evolving global presence. Incorporated in the year 1995, with a registered office in Pune, it is an all-round player in cybersecurity with presence in B2B, B2G and B2C segments and multiple product categories – endpoints, network, data and mobility.

It helps in simplifying security by delivering the best in class protection against advanced cyber-threats to millions of its customers and enterprises. Quick Heal’s portfolio includes solutions under the widely recognized brand names ‘Quick Heal’ and ‘Seqrite’ across various operating systems and devices.

For more information about the Company, please visit our website www.quickheal.co.in

Safe Harbor Statement

This document may contain forward-looking statements about Quick Heal Technologies Limited, which are based on the beliefs, opinions, and expectations of the company’s management as the date of this press release and the companies do not assume any obligation to update their forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. Consequently, readers should not place any undue reliance on such forward-looking statements.

For further details please contact

Company

Quick Heal Technologies Limited

CIN No: L72200MH1995PLC091408

Mr. Akash Gosavi

Email id: akash.gosavi@quickheal.co.in

Tel. No.: +91 020 6681 3287

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Quick Heal redefines Consumer Security in India

Privacy, Protection and Performance

Launches next-generation suite of cybersecurity solutions powered by Privacy, Protection and Performance

  • Reaffirms its commitment to delivering high-end security solutions to Digital consumers against evolving threat actors
  • ‘Privacy Protection Performance’ is designed to protect consumer devices while securing personal data and protecting digital identities
  •  Backed by patented technologies and industry leading features, the new suite is designed to provide best in class protection against advanced threats

New Delhi, July 13, 2020:  Quick Heal Technologies, one of the leading provider of cybersecurity and data protection solutions for consumers, businesses, and government, has launched its next-generation suite of cybersecurity solutions for digital consumers. Powered by Privacy, Protection, and Performance, the new suite is designed to safeguard consumer devices while securing personal data and protecting digital identities. With this launch, Quick Heal is redefining consumer security in India as it delivers comprehensive solutions in line with consumer demands and ever-evolving digital and threat landscape.

In its Annual Threat Report 2020, Quick Heal has highlighted Indian consumers as the most lucrative target for cybercriminals. It has detected and blocked over 1 billion known and unknown threats targeting Indian consumers in 2019, which accounted to over 2.9 million detections daily. In 2020, researchers at Quick Heal observed a surge in the number of coronavirus-themed attacks - mainly in the form of spams and phishing emails - since the lockdown across the country.

Quick Heal - The Power of Privacy, Protection, and Performance

Privacy – At a time when data breaches and identity frauds are its peak, online trackers enable data miners to tack information about the user’s online behavior and steal personal and financial information which puts user privacy at risk. In its latest suite, Quick Heal has introduced Anti-Tracker solution for safeguarding online privacy by blocking trackers that collect information like web history (search patterns, websites visited and time spent), personal information (age, gender, family members) and finances (investments, bank accounts, credit cards).

Quick Heal is also equipped with Parental Control feature, which gives complete control to parents over their child’s online activities, and further help the parent in establishing good cyber safety habits and etiquette among their kids. Besides this, the Webcam Protection shields webcams against cybercriminals who can hack the device for spying. This feature can block all such spying agents and malicious apps from accessing the webcam and thus ensure safety in the process.

Protection – With a multi-layered threat protection approach, Quick Heal’s cutting-edge and patented anti-ransomware technology is capable of shielding digital devices against the evolving ransomware attacks. Besides, it empowers users to recover their critical data in case of a breach. Another patented technology offered by the brand is signatureless behaviour-based detection which leverages Airtificial Intelligence and Machine Learning to proactively identify and block zero-day malware.

With work from home being the new norm, the Wi-Fi router has become the most important device as it powers connectivity to all the devices like laptops/desktops, mobile devices, Smart TVs and more. If threat actors gain access to this network, it becomes easier for them to compromise all the connected devices.This is where Quick Heal’s advanced Wi-Fi scanner, a new built-in feature comes to the picture.The solution proactively scans the Wi-Fi network, maps devices and identifies potential security loopholes in the network. It empowers users with the detailed insights to fix theese issues and and ensure complete security of their home network.

Apart from this, the brand provides cloud-based email security that prevents spam, phishing, and infected emails, whereas other features such as safe banking and web security, ensure that users remain safe and secure from potential threats and cyber-attacks when online – whether banking, accessing information, or just browsing through the Internet.

Performance – Quick Heal has always been at the forefront of providing solutions that ensure maximum security using minimal resources. While traditional security solutions drastically affect the overall performance of the system mainly in terms of speed, the latest product is lightweight, yet powerful to protect the laptops and desktops from threat actors without affecting its performance levels.

It also employs a smart scan function that accelerates the pace of subsequent scans in the system once the initial scanning process is completed. In doing so, it helps detect browser threats, hidden viruses, outdated applications, and other issues at the same time. This significantly reduces the wait time for scanning the device by minimizing the amount of network traffic. Post scanning, users can skim through each of the reports in a simplified manner without missing any detail.

What’s more? The innovative suite also comes with a Game Booster, a new add-on to the brand’s portfolio, designed to offer users a smooth and seamless gaming experience without causing any interruptions even if other applications are running in the background. This time, the brand has also modified its user interface by simplifying it in terms of looks and functions - thus allowing users to easily navigate and explore other features of the product.

Sanjay Katkar, Joint Managing Director and Chief Technoloy Officer, Quick Heal Technologies Limited said, “At Quick Heal, we have always strived to be at the forefront of innovation in the cybersecurity space. Over the years, we have evolved ourselves by leveraging the latest tech advances such as AI and ML to deliver the best and cutting-edge security solutions to our users. As consumers adopt more and more digital technologies, it simply makes them vulnerable to threat actors who can easily bank on this opportunity. We understand this scenario well and thus strive to innovate our products and solutions at every step possible Our latest offering is designed in line with this vision and ensures that users remain secured in all aspects while they step into the world of internet brimming with hackers and spying agents.”

Quick Heal’s latest suite is designed keeping in mind the growing number of cyberattacks, consumer behavior, and, the evolution of the digital landscape. These solutions are aimed at providing seamless and uninterrupted digital experiences to consumers as they enter the new world order and patches loopholes against every possible threat to keep it at bay. Most importantly, the new product also focuses on consumer privacy along with the protection and performance of laptops and desktops – something that traditional security solutions still don’t include in their kitty.

About Quick Heal Technologies Limited:

Quick Heal Technologies Limited is one of the leading providers of IT Security and Data Protection Solutions with a strong footprint in India and an evolving global presence. Incorporated in the year 1995, with a registered office in Pune, it is an all-round player in cybersecurity with presence in B2B, B2G and B2C segments across multiple product categories – endpoints, network, data, and mobility.

With its state-of-the-art R&D centre and deep intelligence on the threat landscape, Quick Heal helps in simplifying security by delivering the best in class protection against advanced cyber-attacks. Its portfolio includes solutions under the widely recognized brand names ‘Quick Heal’ and ‘Seqrite’ across various operating systems and devices.

For more information, please visit: www.quickheal.co.in

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The Evolution of Fake Apps

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Quick Heal Technologies makes Strategic Investment in Ray, a Singapore based Networking & Wireless Technology start-up

The investment displays Quick Heal’s ongoing efforts to support innovative startups with disruptive technologies and shape the future of cybersecurity

Pune, May 22nd, 2020: Quick Heal Technologies, one of the leading providers of Cybersecurity and Data Protections solutions to consumers, businesses and Government, today announced a strategic investment of INR 2 Crores in Ray Pte. Ltd., a Singapore based start-up specializing in next generation networking and wireless technology. The investment reinforces a shared vision of ensuring a safe, secure and seamless digital experience for everyone. The development displays Quick Heal’s ongoing efforts to invest in disruptive technologies that will shape the future of cybersecurity while supporting innovative startups. The company had recently invested USD 300,000 in Israel based L7 Defense.

Incorporated in the year 2019, Ray is an innovation driven technology company with a vision to reimagine networking and wireless technology. Ray’s flagship product RayOS is an open, secure, cloud native, extensible Operating System with an ecosystem of applications that leverage the underlying hardware to create unlimited use cases. The investment will enable Ray to tap into Quick Heal’s rich legacy and expertise in the technology landscape to develop an integrated solution designed to protect IoT devices in enterprise and consumer segments from the next wave of cyber-attacks.

Kailash Katkar, Managing Director and Chief Executive Officer, Quick Heal Technologies Limited said, “Through our investment in Ray, we want to bring the best of Quick Heal’s security technology and capabilities to a wide range of customers and partners with highly secure networking and wireless technology. As a company, we are always on the lookout for innovative companies with disruptive offerings that will help us shape the future of cybersecurity. The team at Ray’s is building futuristic solutions keeping IoT and cloud computing technologies in mind which makes them an ideal partner.”

Hemal Patel, Chief Executive Officer & Founder, Ray, said, “We are excited to have Quick Heal as our strategic investor. We would benefit from their vast experience of building a technology company focussed on advanced security technologies and a client-centric innovation culture. The funding shall help us accelerate our product innovations and increase our reach in multiple geographies."

About Quick Heal Technologies Limited:

Quick Heal Technologies Limited is one of the leading providers of IT Security and Data Protection Solutions with a strong footprint in India and an evolving global presence. Incorporated in the year 1995, with a registered office in Pune, it is an all-round player in cybersecurity with presence in B2B, B2G and B2C segments across multiple product categories – endpoints, network, data and mobility.

With its state-of-the-art R&D centre and deep intelligence on the threat landscape, Quick Heal helps in simplifying security by delivering the best in class protection against advanced cyber-attacks. Its portfolio includes solutions under the widely recognized brand names ‘Quick Heal’ and ‘Seqrite’ across various operating systems and devices.

For more information, please visit: www.quickheal.co.in

About Ray

Incorporated in the year 2019, Ray Pte. Ltd. is a Singapore based innovation driven technology company with a vision to reimagine networking and wireless technology. RayOS powers Network & IoT devices and enables a multitude of innovative use cases for its global customer base through an extensible, cloud native OS with a SAAS based app store experience. Innovation at Ray is driven by core principles of Simplicity, Security and Privacy.

For more information, please visit: www.ray.life/

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Quick Heal Technologies announces FY20 results

PUNE, May 21, 2020: Quick Heal Technologies Limited (“Quick Heal”), one of the leading providers of cybersecurity and data protection solutions to consumers, businesses and Government, reported its audited results for the full year ended 31st March 2020.

Consolidated Financial Highlights:

Particulars (Rs. million)

FY19

FY20

YoY Change

Revenue

3,149 2,861 -9.14%

EBITDA

1,279 914 -28.54%

EBITDA Margin

40.61% 31.94% -867 bps

PAT

918 744 -18.96%

PAT Margin

29.16% 26.01% -315 bps

Mr. Kailash Katkar, Managing Director & Chief Executive Officer, Quick Heal Technologies Limited, said; “COVID-19 has severely disrupted the economy and its impact was visible on our performance with overall decline in Q4 sales which, historically, has been a strong quarter for us. During the quarter, we witnessed threat actors riding on the COVID-19 wave to target consumers and businesses working remotely. I’m extremely proud of the way we handled these attacks and ensured a safe and seamless digital experience for our customers. In these testing times, we remain deeply committed to providing a high level of digital security to our customers, maintain operational excellence and continue to deliver innovative solutions to grow our business in future.”

Mr. Nitin Kulkarni, Chief Financial Officer, Quick Heal Technologies Limited, added “Our financial performance for the year and quarter were impacted due the lock down imposed due to COVID-19 and the corresponding disruptions to our business. We continue to maintain financial discipline with several cost control measures underway. Our balance sheet remains strong with zero debt and a cash and cash equivalents of around Rs 387 cr.”

Segmental Performance for quarter ended ended 31st March 2020

  • Retail segment revenue at Rs. 2,422 million as compared to Rs. 2,604 million in the corresponding period of the previous year. Average realization per license grown 12% for the year
    • Contributes 80% to total Revenue
  • Enterprise and Government segment revenue at Rs. 609 million as compared to Rs. 701 million in the corresponding period previous year. Average realization per license grown 10% for the year.
    • Contributes 20% to Total Revenue.

Key updates for the quarter:

  • Fino Payments Bank selected Seqrite mSuite to power its Workforce Mobility – The solution empowers Fino’s mobile workforce to access enterprise data and applications on the go while enabling IT teams to securely manage and control the devices

About Quick Heal Technologies Limited

Quick Heal Technologies Limited is one of the leading providers of IT Security and Data Protection Solutions with a strong footprint in India and an evolving global presence. Incorporated in the year 1995, with a registered office in Pune, it is an player in cybersecurity with presence in B2B, B2G and B2C segments and multiple product categories – endpoints, network, data and mobility.

It helps in simplifying security by delivering the best in class protection against advanced cyber-threats to millions of its customers and enterprises. Quick Heal’s portfolio includes solutions under the widely recognized brand names ‘Quick Heal’ and ‘Seqrite’ across various operating systems and devices.

For more information about the Company, please visit our website www.quickheal.co.in

Safe Harbor Statement

This document may contain forward-looking statements about Quick Heal Technologies Limited, which are based on the beliefs, opinions, and expectations of the company’s management as the date of this press release and the companies do not assume any obligation to update their forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. Consequently, readers should not place any undue reliance on such forward-looking statements.

For further details please contact

Company

Quick Heal Technologies Limited

CIN No: L72200MH1995PLC091408

Mr. Akash Gosavi

Email id: akash.gosavi@quickheal.co.in

Tel. No.: +91 020 6681 3287

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Quick Heal Threat Report, Q1 - 2020

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Protect Your Entire Digital Life with 1 Click: Avira Launches Avira Free Security

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जनीं वंद्य ते : कथा क्विकहिलची - भाग ५

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जनीं वंद्य ते : कथा क्विकहिलची - भाग ४

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जनीं वंद्य ते: कथा क्विकहिलची - भाग ३

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जनीं वंद्य ते: कथा क्विकहिलची- भाग २

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जनीं वंद्य ते: कथा क्विकहिलची - भाग १

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Avira finalizes acquisition agreement with Investcorp Technology Partners

Building on 30 years of experience in the cybersecurity and antivirus industry, the strategic partnership positions Avira for global and product expansion opportunities.

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Avira’s entire global workforce to work from home in preventative anti-COVID-19 move

As a precautionary step, Avira, the German security developer, will be closing all of its physical offices around the world as a result of the coronavirus (COVID-19). All staff have now been set up to work from home, and as a consequence Avira anticipates zero negative impact on the company’s operations, customer service and product development as the situation develops.

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Fino Payments Bank selects Seqrite mSuite to power its Workforce Mobility

Leverages Seqrite mSuite to empower its mobile workforce to access enterprise data and applications on the go while enabling IT teams to securely manage and control the devices

Mumbai, February 17, 2020: Seqrite, a specialist provider of endpoint security, network security, enterprise mobility management and data protection solutions, has today announced that Fino Payments Banks has selected Seqrite mSuite to securely manage its workforce mobility requirements. The deployment is aimed at empowering Fino’s workforce to access enterprise data and applications on the go while enabling the organization to securely manage and control the devices remotely.

Fino Payments Bank comes from an institution that has served the country’s banking needs for over a decade. It’s the first payments bank to go live with 410 branches and more than 25,000 banking points on day one and the only entity in its space that has experience in providing technology-enabled banking services in unbanked and underbanked areas. As part of its business model, a large number of Fino’s workforce functions remotely, accessing enterprise data and applications on the move. This made it challenging for Fino’s IT team to keep track of their devices.

Fino Payments Bank selected Seqrite mSuite after rigorously evaluating multiple products. The Seqrite product was chosen on the back of its ability to provide a centralized view of the devices and the ease of pushing applications on a real-time basis. mSuite is powered with a scalable cloud architecture that enables Fino to accommodate more users according to business requirements. The solution’s comprehensive visibility over mobile devices further empowers the bank to identify, track, and control user access to its enterprise network and data while also mapping the productivity of its workforce. In addition, it makes remote scheduling of a security scan possible for the IT team to identify risks and infections with the best-in-class anti-malware capabilities.

Speaking on the deployment, Mathew Chelliah, Deputy Vice President (Technology), Fino Payments Bank, commented, “As an innovator in our field, we constantly strive to expand the depth and quality of our service offerings and delivery. The move to create a connected, mobile workforce was aligned with this mission. Naturally, we also required an equally excellent centralized solution to securely manage, track, and control access for devices connected to Fino’s network. After a rigorous evaluation of multiple products, Seqrite’s mSuite appeared the best fit for our requirements. We are already seeing impressive results since the deployment and are confident that it will help us further optimise operations, bolster productivity, and enhance service delivery while also ensuring that our data, devices, and users remain protected from advanced threats.

Sneha Katkar, Product Manager, Enterprise Mobility Management, Seqrite said “Indian businesses are increasingly tapping dynamic workplace cultures to maximize their organizational efficiency, productivity, and profitability. Fino Payments Bank, with its mobile-led workforce, is one of the leading examples of this phenomenon. Through Seqrite’s Enterprise Mobility Management (EMM) portfolio, our aim is to enable Indian enterprises to unlock their maximum potential by optimizing their IT management capabilities. Besides these advantages, Seqrite’s deep threat intelligence and extensive security capabilities also proved to be a decisive factor for Fino's IT team. Moving ahead, we aim to keep supporting Fino Payments Bank in their digital journey and look forward to bolstering our association with them.”

About Seqrite:
Seqrite is the Enterprise Security solutions brand of Quick Heal Technologies Ltd. Launched in 2015, Seqrite solutions are defined by innovation and simplicity. A combination of intelligence, analysis of applications and state-of-the-art technology, Seqrite is designed to provide continuous and better protection for enterprise corporate customers.
Seqrite portfolio of solutions includes Endpoint Security, Enterprise Mobility Management (EMM), Unified Threat Management (UTM), Secure Web Gateway (SWG) and data protection technologies like Encryption and Data Loss Prevention (DLP). In addition, Seqrite Services provides comprehensive cybersecurity consulting services to Corporates, PSUs, Government and Law Enforcement Agencies.

For more information, please visit: https://www.seqrite.com/

About Quick Heal Technologies Limited:
Quick Heal Technologies Limited is one of the leading providers of IT Security and Data Protection Solutions with a strong footprint in India and an evolving global presence. Incorporated in the year 1995, with a registered office in Pune, it is an all-round player in cybersecurity with presence in B2B, B2G and B2C segments across multiple product categories – endpoints, network, data and mobility.

With its state-of-the-art R&D centre and deep intelligence on the threat landscape, Quick Heal helps in simplifying security by delivering the best in class protection against advanced cyber-attacks. Its portfolio includes solutions under the widely recognized brand names ‘Quick Heal’ and ‘Seqrite’ across various operating systems and devices.

For more information, please visit: https://www.quickheal.co.in/

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Quick Heal Technologies Limited announces Q3 FY20 results

PUNE, February 05, 2020: Quick Heal Technologies Limited (“Quick Heal”), one of the leading providers of IT Security & Data Protection solutions to consumers, businesses and Government, reported its reviewed and unaudited results for the quarter and nine months ended 31st December 2019.

Consolidated Financial Highlights:

Particulars (Rs. million)

9MFY19

9MFY20

YoY Change

Revenue

2,289 2,219 -3.08%

EBITDA

893 838 -6.13%

EBITDA Margin

39.00% 37.77% -123 bps

PAT

641 664 3.65%

PAT Margin

27.99% 29.93% 194 bps

Mr. Kailash Katkar, Managing Director & Chief Executive Officer, Quick Heal Technologies Limited, said; “During 9M FY20, we continue to see slowdown in the market leading to severe pricing pressure. We are strengthening our team to drive the next level of growth while we continue to build innovative, value-added security solutions for our customers while delivering value to our shareholders. We are constantly improving our R&D abilities organically whilst also cautiously looking for inorganic opportunities in the cyber security space.”

Mr. Nitin Kulkarni, Chief Financial Officer, Quick Heal Technologies Limited, added “Our constant focus on improving financial and operational efficiencies across the business is consistently showing positive results. We have reported improved EBITDA and PAT margins this quarter along with improved average revenue per license. We hope to drive more efficiencies from these initiatives in coming quarters as well.”

Segmental Performance for quarter ended ended 31st December 2019

  • Retail segment revenue at Rs. 1,876 million as compared to Rs. 1,924 million in the corresponding period of the previous year
    • Contributes 80% to total Revenue
  • Enterprise and Government segment revenue at Rs. 468 million as compared to Rs. 490 million in the corresponding period previous year
    • Contributes 20% to Total Revenue

Key updates for the quarter:

  • Service tax case update: The Hon’ble Customs, Excise & Service Tax Appellate Tribunal has set aside the Service Tax demand for Rs. 561 mln which was earlier confirmed by order dated 28 January, 2016 issued to Quick Heal Technologies Limited by DGCEI, New Delhi. 
  • Quick Heal leadership: Ms. Reetu Raina joined us this quarter as Chief Human Resources Officer. She will be responsible for driving HR function and steer the company’s people, operations, culture and recruitment initiatives.
  • Awards & Recognition: During this quarter, Quick Heal was recognised as the ‘Cyber Security Product Pioneer in India’ by NASSCOM’s Data Security Council of India (DSCI) at the DSCI Excellence Awards 2019.
  • Strategic Investment: Quick Heal has completed its strategic investment in L7 Defense, an Israel based cybersecurity start-up. L7 Defense specializes in Next Generation Web Application Firewall (NG-WAF) and Application Program Interface (API) Security to safeguard businesses against Botnet and Distributed Denial of Service (DDoS) attacks.

About Quick Heal Technologies Limited

Quick Heal Technologies Limited is one of the leading providers of IT Security and Data Protection Solutions with a strong footprint in India and an evolving global presence. Incorporated in the year 1995, with a registered office in Pune, it is an all-round player in cybersecurity with presence in B2B, B2G and B2C segments and multiple product categories – endpoints, network, data and mobility.

It helps in simplifying security by delivering the best in class protection against advanced cyber-threats to millions of its customers and enterprises. Quick Heal’s portfolio includes solutions under the widely recognized brand names ‘Quick Heal’ and ‘Seqrite’ across various operating systems and devices.

Safe Harbor Statement

This document may contain forward-looking statements about Quick Heal Technologies Limited, which are based on the beliefs, opinions, and expectations of the company’s management as the date of this press release and the companies do not assume any obligation to update their forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. Consequently, readers should not place any undue reliance on such forward-looking statements.

For further details please contact

Company

Quick Heal Technologies Limited

CIN No: L72200MH1995PLC091408

Mr. Akash Gosavi

Email id: akash.gosavi@quickheal.co.in

Tel. No.: +91 020 6681 3287

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