Conference Call with Quick Heal Technologies Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
IT Software Products company Quick Heal Technologies announced Q3FY24 results: Achieved Rs 81.9 crore Revenue & Rs 10.1 crore PAT for the quarter Q3FY24 Signed an MoU with IIM Nagpur for deep research on cybersecurity Added 59 Enterprise Clients onboarded for new products in Q3FY24 Released first ever “India focused Seqrite Cyber Threat Report 2023” in association with the Data Security Council of India (DSCI), highlighting the key insights and actionable recommendations India's only full-stack enterprise cybersecurity company to provide integrated solutions aligned with Cybersecurity Mesh Architecture Became the first Indian cybersecurity company to be certified by AVLab Cybersecurity Foundation, Poland, for Quick Heal’s Safe Browser & Safe Banking feature Recruited Ajit Zanjad, as Head of Delivery and Dr. Lalit Mohan, as the new Chief Product Officer Participated in significant cybersecurity events across the country with the leading industry bodies including AISS, COCON, ISMG, and The Economic Times CISO- Data Protection & Privacy Blocked over 88Mn malicious attacks including 242K ransomware attacks in the quarter Commenting on the consistent business performance, Vishal Salvi, Chief Executive Officer, Quick Heal Technologies, said, "We are pleased to report another quarter of strong performance, driven by our commitment to innovation and customer-centric solutions. As the only Indian full-stack cybersecurity alternative to global giants, we are witnessing steady demand for our products across both consumer and enterprise segments. Our momentum remains strong, poised for growth in the mid and large enterprise segments, solidifying our position further. Reflecting our leadership and expertise in the domain, Seqrite, our enterprise arm, unveiled the first India Cyber Threat Report, backed by in-depth insights and actionable recommendations, analyzed at India’s largest malware analysis facility, Seqrite Labs, in collaboration with the Data Security Council of India. With an exceptional team at Quick Heal and our robust partner network, our unwavering goal is to forge a secure and resilient digital ecosystem, reflecting our dedication to creating a cyber-safe nation and the world." Ankit Maheshwari, Chief Financial Officer, Quick Heal Technologies, said, "We are pleased to share that in Q3FY24, we have delivered consistent results, showcasing a steady growth in revenue and profitability. In line with our commitment to innovation through investments in Research & Development, our Quick Heal version 24 became the first Indian cybersecurity solution to be certified by AVLab Cybersecurity Foundation, Poland, for the Safe Browser & Safe Banking feature. We are strengthening our enterprise engagement by partnering with key channel allies, actively participating in major cybersecurity events, and fortifying overall organizational leadership with new talent onboarded. Looking ahead, we are committed to sustaining our momentum in the coming quarters by further enhancing our product portfolio, expanding our market reach, and creating enduring value for all our stakeholders." Result PDF
IT Software Products company Quick Heal Technologies announced Q2FY24 & H1FY24 results: Recorded Rs 78.4 crore revenue (52% QoQ growth) & Rs 12.9 crore PAT 82 Enterprise Clients onboarded for new products in H1FY24 India's only full-stack enterprise cybersecurity company to provide integrated solutions aligned with Cybersecurity Mesh Architecture Launched Quick Heal Version 24 with ground-breaking & unique features like metaProtect - a cloud-based security management platform revolutionizing consumer cybersecurity Over 80 million malicious attacks including 300K ransomware attacks detected & prevented in the quarter Empowered over 50 lakh lives through our CSR initiatives till date Speaking about the business performance Vishal Salvi, Chief Executive Officer, Quick Heal Technologies, said, “This quarter has been a dynamic and exciting period for us. We are delighted to announce a significant turnaround for the company and our strategic focus remains on achieving profitable growth. We deeply understand the challenges faced by Chief Information Security Officers when it comes to managing and integrating multiple security products. Hence, we are committed to R&D; and innovation that fuels the development of secure and simplified solutions for businesses, individuals, and nations. We take pride in being India's only full-stack enterprise cybersecurity platform provider through our brand SEQRITE, to offer integrated, modular, scalable, sentient, and easy-to-deploy & operate solutions. Our primary goal is to ensure a sustainable secure digital future for all.” Ankit Maheshwari, Chief Financial Officer of Quick Heal Technologies, said, “Our continued investment in research and development, supported by focused sales and marketing, has yielded consistent growth in both our revenue and profitability. We have witnessed a steady increase in revenues by 52% QoQ and profitable growth. Our newly introduced products are gaining market traction at a steady pace. We are excited to see signs of a revival in our consumer business, which has shown promising indicators of a rebound, while our enterprise segment maintains a steady growth trajectory. Our unwavering commitment remains centered on delivering lasting value to our investors and stakeholders.” Result PDF