Conference Call with Quick Heal Technologies Ltd. Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
IT Software Products company Quick Heal Technologies announced Q2FY25 results Financial Highlights: Revenue: Rs 143.8 crore. EBITDA: Rs 5.7 crore. PAT: Rs 8.2 crore Kay Highlights: Launched AntiFraud.AI, a new category in consumer security vertical, a cutting-edge solution, aimed at combating sophisticated financial fraud demonstrating its market and thought leadership yet again. Received its 9th Patent in the domain of controlling access to resources in a network, demonstrating its commitment towards constant innovation. Continued development of Horizon-3 products, with a focus on Zero Trust, Threat Intelligence and DPDP readiness solutions as the implementation of the Digital Personal Data Protection Act approaches. Onboarded Sangamesh Shivaputrappa as Head of Seqrite Labs & MDR, and Sonal Raj as Director – Marketing, to further strengthen its leadership team. Seqrite Endpoint Protection received a perfect score of 18.0/18.0, featuring as the top product, in the recent third-party certification done by AV-Test. Quick Heal Total Security received AV-TEST certification, achieving excellent score of 17.5/18.0. Launched its Culture Code, reinforcing its commitment to excellence, integrity, and innovation. Continued profitable growth, balancing innovation with financial prudence. Vishal Salvi, Chief Executive Officer, Quick Heal Technologies, said: “ I am thrilled to announce the launch of AntiFraud.AI, a groundbreaking addition, first of its kind, to our consumer security portfolio that will help in preventing digital frauds for the end consumers. This cutting-edge AI/ML native solution represents a key milestone in our Horizon-3 product roadmap, setting the stage for our future growth. We are proud to report a robust 11% YoY revenue growth and an impressive 238% EBITDA increase in H1FY25, driven by strong performance in both consumer and enterprise verticals. The ongoing success of our Quick Heal and Seqrite brands highlights our ability to deliver cutting-edge cybersecurity solutions. Our relentless pursuit of innovation is further underscored by receiving another patent, this time for controlling access to resources in a network, showcasing the strength of our intellectual property and our commitment to advancing the cybersecurity domain. In our commitment towards deep research and innovation to tackle the advanced malwares and dynamic threat landscape, I am happy that Sangamesh S has joined us to head the Seqrite Lab. “ Ankit Maheshwari, Chief Financial Officer, Quick Heal Technologies, said:, "Our H1FY25 financial results demonstrate the success of our strategic initiatives and the growing demand for our cybersecurity solutions. Our momentum is a strong indicator of our future growth potential and the trust our customers place in our long-term value proposition. Our enterprise vertical continues to show continued growth, driven by the increasing adoption of our new product offerings, particularly in the Horizon-2 category. The consumer vertical remains robust, benefiting from our continuous innovation and enhanced product features, even in challenging market conditions. We continue to invest strategically in R&D;, including our Horizon-3 products like AntiFraud.AI, while expanding our sales capabilities. These investments, coupled with our focus on operational efficiency, are setting a solid foundation for sustained growth and profitability in the coming quarters and beyond." Result PDF
IT Software products company Quick Heal Technologies announced FY24 results: Financial Highlights: Revenue: Rs 291.8 crore EBITDA: Rs 17.6 crore PAT: Rs 24.2 crore Proposed Dividend: Rs 3 per share Commenting on the business performance, Vishal Salvi, Chief Executive Officer, Quick Heal Technologies, said, “We are pleased to announce another strong quarter and profitable FY24, driven by our unwavering focus on innovation and customer-centric solutions. Towards that commitment, we are happy to state that, our Board has approved further investments in new solutions and products to strengthen our portfolio. As India's only full-stack cybersecurity provider, we are witnessing good demand across all sectors, positioning us for significant growth, particularly in the midto-large enterprise sector. We eagerly anticipate the enforcement of the recently announced DPDP Act and are prepared to leverage our data classification solutions to support its implementation. Further solidifying our commitment to shaping the global cybersecurity narrative, Quick Heal, including Seqrite, our enterprise arm, has become a member of AISIC led by the Govt. of U.S.A. Strategic enterprise partnerships, such as with M Tech Solutions, have strengthened our presence in India, while collaborations with Syscom in the Middle East region and EET in the European Union markets have expanded our global reach. Furthermore, our deliberate efforts in onboarding industry veterans into our leadership last fiscal year reaffirms our commitment to strengthening our delivery capabilities. Reinforcing excellence and to deliver unparalleled customer experiences, we have inaugurated a state-ofthe-art Customer Experience Center at our Headquarters in Pune today.” Ankit Maheshwari, Chief Financial Officer, Quick Heal Technologies, said, “Quick Heal delivered a consistent performance in FY24, driving both revenue growth and profitability. We witnessed a 5% YoY growth in Revenue and 9x EBITDA. Our recently launched new products are gaining traction among customers, contributing to revenue growth in the enterprise segments. Our R&D; investments fueled innovation, with Quick Heal version 24 becoming the first in India to receive AV-Labs Poland certification for Safe Browser & Safe Banking, further bolstering consumer business growth. We are intensifying our focus on enterprise engagement and leadership, while continuing to prioritize product innovation and enhancement, market expansion, and stakeholder value creation. We have proposed a dividend of Rs 3 per share in line with our dividend distribution policy.” Result PDF