Quick Heal Technologies Limited (Quick Heal), one of the leading providers of cybersecurity and data protection solutions to consumers, businesses and Government, reported its unaudited results for the quarter ended 30th June 2021.
The company reported a consolidated net profit at Rs6.2cr for the June 2021 quarter against Rs25cr in the year-ago period.
The company's revenue was at Rs54.8cr in the first quarter of FY22, while the same was at Rs73.5cr in the April-June 2020 period.
The stock ended at Rs228.60 down by Rs17.35 or 7.05% from its previous closing of Rs245.95 on the BSE.
Mr. Kailash Katkar, Managing Director & Chief Executive Officer, Quick Heal Technologies Limited, said; “We have delivered good performance in yet another challenging quarter which was severely disrupted by the second wave of Covid-19. If the revenue spill over of Rs280 mn in Q1 FY21 is left aside, we have registered double digit growth YoY. The growth in enterprise segment has been promising and we expect the momentum to continue in the coming quarters. Our accelerated efforts towards new product development is bearing positive fruit with ‘Seqrite Hawkk’ range of next-generation cybersecurity solutions making its debut with ‘Seqrite HawkkEye’. With more product launches planned under the ‘Seqrite Hawkk’ umbrella, we are looking forward to explore future growth opportunities.”
Segmental Performance for the quarter ended 30th June 2021
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Retail segment revenue at Rs428 million as compared to Rs668 million in the corresponding period of the previous year.
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Enterprise and Government segment revenue at Rs145 million as compared to Rs104 million in the corresponding period previous year.
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Enterprise segment’s contribution of 25% has been in line with our strategy to boost our market share in this segment