Quick Heal Technologies Reports Financials for Q1 FY17

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 and PAT declined YoY from Rs 18.4 million to Rs (36.9) million

Quick Heal Technologies 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”

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 organizations. ‘Seqrite Services’ will be an arm of ‘Seqrite’, the Enterprise Security brand by Quick Heal.

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