17 April, 2023: Quick Heal Technologies Limited, one of the leading providers of cybersecurity and data protection solutions to consumers, businesses and government, reported its unaudited results for the quarter and full year ended 31^st March 2023.

Consolidated Financial Highlights:

Dr. Kailash Katkar, Managing Director and Chief Executive Officer, Quick Heal Technologies Limited, said, “The Enterprise segment continues to be in the sustainable growth manner. While there is a stress in the consumer business due to macroeconomic variables, we are geared up for the year FY24. The year that went by, marks our preparedness for our long term vision. We have started to achieve product market fit for our new product lines and have onboarded new customers for the same. I am extremely proud to mention that we have become the first and only Indian company to collaborate with the National Institute of Standards and Technology’s (NIST) National Cybersecurity Centre of Excellence (NCCoE) for the data classification project. NIST-NCCoE is a US government organisation focused on cybersecurity.” he added.

Mr. Navin Sharma, Chief Financial Officer, Quick Heal Technologies Limited, said, “We are a mix of two businesses, Enterprise and consumer. The Enterprise business is showing great momentum in a market which is very large and also exciting. Even while there has been a degrowth in consumer business, we continue to invest in R&D and S&M for our long term success. As communicated earlier, in the short term, the consumer business might be under pressure due to temporary reduction in consumption but is deemed to revive. We are taking several initiatives towards optimization of our cost, which have started to show early success. We are excited and prepared for the year to come “ he said.

Segmental performance for the quarter and Full Year ended 31^st March 2023:

• Enterprise and Government Segment grows sustainably showing YoY growth for the 11th straight quarter. Revenues for the quarter stood at ₹31 Cr as compared to ₹29 Cr in the same period of the corresponding year, up 9% YoY and ₹107 Cr for full year FY23 as compared to ₹88 Cr in the corresponding year, up 21% YoY.
• Retail segment revenue stood at ₹26 Cr for Q4 as compared to ₹86 Cr in the same period of the corresponding year, down 69% YoY and ₹198 Cr for FY23 as compared to ₹280 of the corresponding year, down 30% YoY.

Key updates for Q4/FY23:

• Quick Heal became the first and the only Indian company to work as an official collaborator on the National Institute of Standards and Technology’s (NIST) National Cybersecurity Centre of Excellence (NCCoE) for the data classification project.
• The Enterprise business segment where the company is investing in, continued to witness sustainable growth and increased market share.
• Company’s flagship EPS achieved perfect score in all 6 cycles around the year in the areas of protection, performance, and usability from the AV-Test Product Review and Certification Report.
• Twenty-three customers onboarded for the new product line of EDR/XDR and Zero Trust
• Consumer business witnessed decline along with the contraction of overall market due to macroeconomic scenarios affecting consumption.

About Quick Heal Technologies Limited

Quick Heal Technologies Limited is one of the leading providers of Cybersecurity 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.

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