• Records Quarter-on-Quarter Growth in Revenues
• New Product portfolio finds market traction

Q1-FY24 Highlights:

• Revenue at ₹51.4 Cr
• EBIDTA at -₹15.1 Cr
• PAT at -₹12.8 Cr

Pune, July 20, 2023: Quick Heal Technologies Limited, a leading global cybersecurity solutions provider catering to consumers, businesses and government organizations reported its unaudited results for the quarter ended 30^th June 2023.

Consolidated Financial Highlights:

Dr. Kailash Katkar, Managing Director, Quick Heal Technologies Limited, said, “Over the years, our team has been unwavering in delivering cutting-edge cybersecurity solutions, and I take immense pride in the significant business value we have created for all stakeholders. With customer centricity and innovation at our core, I am confident that Quick Heal will continue to secure individuals, organizations, and nations. Together with Vishal Salvi as our CEO, we are fully committed to transform the cybersecurity ecosystem in India and solidifying our position on the global map.” he added.

Mr. Vishal Salvi, Chief Executive Officer, Quick Heal Technologies Limited, said, “With a heritage spanning almost three decades, Quick Heal has a profound history of securing consumers and enterprises from cyberattacks. Through continuous innovation and pioneering solutions, our company has emerged as a prominent driving force in the cybersecurity domain. In addition, our dynamic and passionate team thrives on addressing the ever-evolving needs and challenges of the customers. As the industry prospects look extremely positive, Quick Heal is well positioned for growth. I am deeply honored to be entrusted with the responsibility of leading this exceptional team and steering the brand into the future and committing to our purpose of innovating to simplify securing digital experience.” he added.

Mr. Ankit Maheshwari, Chief Financial Officer, Quick Heal Technologies Limited, said, “These are exciting times for our Enterprise business. This year, our focused approach has allowed us to make significant strides penetrating the Mid-Market. The efforts invested in developing new products over the past few years are now resulting in revenue generation, instilling us with confidence. We are excited to see growth coming in from targeted global geographies. In the consumer business segment, which faced challenges in the past 6 to 9 months, it is encouraging to observe a positive momentum building towards the end of the quarter. As we look ahead, we remain committed to investing in Research and Development (R&D) and Sales & Marketing (S&M) to ensure our long-term success." he said.

Key updates for Q1FY24:

• Appointed cybersecurity veteran, Mr. Vishal Salvi, as the Chief Executive Officer of the company
• Protected our customers from over 1 million ransomware attacks in the last 6 months
• Quick Heal became the first company globally to provide a comprehensive solution against the menace of Expiro Virus
• AV-Labs Poland accredited Quick Heal Total Security for successfully stopping 100% malware with lowest average remediation time in their global test for May'23
• Sixty one customers onboarded for the new product lines of EMM, EDR/XDR, Zero Trust, Data privacy and more
• Launched Managed Detection & Response (MDR) service (HawkkWatch) providing round the clock advanced enterprise cybersecurity and quick response
• Visible business successes in geographies like LATAM and Africa depicting a very strong YoY growth
• Consumer business has started to show green shoots after nearly 6-9 months of being impacted

About Quick Heal Technologies Limited

Quick Heal Technologies Limited is a leading global cybersecurity solutions provider. Incorporated in the year 1995, with a registered office in Pune, it is an end-to-end cybersecurity player with presence in B2C, B2B and B2G segments. Quick Heal’s portfolio includes solutions under the widely recognized brand names ‘Quick Heal’ and ‘SEQRITE’. Backed by AI and patented technologies, the range of award-winning solutions caters to endpoints, network, data, mobility and cloud. With a heavy focus on R&D and innovation, the company aims to simplify security by delivering the best-in-class protection against advanced cyber-threats to millions of its customers, enterprises and government organizations worldwide.

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