• Bhubaneswar India
  • Contact+ 91-9938772605
  • Mon - Sat : 10:00AM - 6:00PM

Tag: Vishal Salvi

news

Quick Heal Technologies Limited Reports Strong Q1FY25 Results

Jul 30, 2024 by Mansi 0 Comments #Q1FY25 Result, #Quick Heal, #Vishal Salvi

30th July, 2024: Quick Heal Technologies Limited, a leading global cybersecurity solutions provider, announced its unaudited financial results for the quarter ended June 30, 2024.

Key Financial Highlights – Q1 FY25

· Revenue: INR 70.3 Cr

· EBITDA: INR 2.6 Cr

· PAT: INR 4.0 Cr

Commenting on the company’s performance, Vishal Salvi, Chief Executive Officer, Quick Heal Technologies Limited, said, “As AI natives with our patented GoDeep.AI at the heart of our products, we proudly stand as the first and only Indian cybersecurity firm to join the US AISIC, contributing towards the global AI narrative. We are excited to report a remarkable start to FY25, with significant growth in both the consumer and enterprise business. This quarter’s performance highlights the effectiveness of our strategic initiatives and innovation in the evolving cybersecurity landscape. Our Phase-2 products, including XDR, Zero Trust, and Data Privacy, have started generating significant traction. We are also beginning to build next-generation products, expanding our offerings under Zero Trust and Data Privacy, along with new innovations like Threat Intelligence and the use of Generative AI. This reinforces our global leadership in comprehensive cybersecurity. Our expansion strategies are proving successful, with strategic partnerships driving deeper market penetration. We continue to enhance our execution capabilities with strategic mid-management hires. Additionally, the Customer Experience Center, launched last quarter, has received overwhelmingly positive feedback, emphasizing our commitment to delivering exceptional customer experiences.”

Ankit Maheshwari, Chief Financial Officer, Quick Heal Technologies Limited, added, “Quick Heal has delivered a strong financial performance in Q1 FY25, with significant year-on-year growth in both revenue and profitability. Our enterprise business has shown particularly impressive growth, driven by the increasing adoption of our new product offerings. The consumer segment also remains robust, benefiting from our continuous innovation and enhanced product features in tough market conditions. We continue to invest heavily in R&D, including our Horizon-3 products, and in expanding our sales capabilities. These strategic investments are paying off, setting a solid foundation for sustained growth throughout FY25.”

Key Highlights of the quarter include:

· Achieved 37% growth in revenue and 117% growth in EBITDA on a YoY basis.

· Seqrite earned a 4.6/5 rating for security solutions by Gartner Peer Insights.

· Onboarded a government client with 10,000 users on our new products solution.

· Commenced the development of next-generation products aimed at achieving a holistic cybersecurity approach and driving long-term growth

· Entered into a strategic partnership with EET Group to expand Seqrite’s presence in Europe.

· Collaborated with NewJaisa.com to offer Quick Heal AV solutions within the refurbished electronics market.

· Seqrite Labs detected over 128 million threats (17% YoY growth), including 400k ransomware attacks, in Q1 FY25.

· Onboarded several experienced mid-management business leaders to enhance execution and operational efficiency.

· Quick Heal Technologies Limited listed as a consortium member of the U.S. Artificial Intelligence Safety Institute Consortium, pioneering AI safety.

· Quick Heal won “Product of the Year” and “Top Remediation Time” in AV Lab Poland’s malware testing, achieving a perfect 100% protection rate.

As we move forward in FY25, Quick Heal Technologies Limited remains at the forefront of the cybersecurity landscape, driven by our core purpose to innovate, simplify and secure individuals, businesses and government organizations worldwide. Our quarter’s performance reflects not just steady financial growth, but the increasing trust placed in us by millions of our customers in over 70 countries. Our commitment to cybersecurity extends beyond products to fostering a culture of cybersecurity awareness and preparedness reflected by our recent achievement to become only cybersecurity-focused firm from India to be a member of US Artificial Intelligence Safety Institute Consortium. Quick Heal stands as a strong Make-in-India success story for the world to witness, demonstrating global expertise with heavy focus on R&D to address specific challenges faced by enterprises and nations globally. Our solutions, developed with a deep understanding of both local and global security landscapes, contribute significantly to India’s digital resilience and sovereignty as well as the world. Looking ahead, we remain dedicated to our role in building a robust digital ecosystem, supporting the country’s technological advancement, and establishing our nation as a global cybersecurity powerhouse.

news

Quick Heal Partners with NewJaisa Technologies Bridging Cybersecurity Gaps in Refurbished Electronics Market

Jul 4, 2024 by Sujata 0 Comments #cybersecurity, #Quick Heal Technologies Limited, #Vishal Salvi, #Vishesh Handa

4th July 2024, Pune: Quick Heal Technologies Limited, a leading global cybersecurity solutions provider, is proud to announce a strategic partnership with NewJaisa Technologies, a leading Direct-to-Consumer (D2C) brand in the burgeoning refurbished electronics market. This collaboration will see Quick Heal’s flagship product, Total Security, pre-installed on all NewJaisa refurbished laptops and desktops.

As per the recent reports, the new PC shipment stands at 13.9 MM units for the fiscal year 2023. On the other hand, the refurbished IT equipment market stands at 1.5 MM units and aggregates to approximately 10-11% of the overall market size as it is largely serviced by the unorganized sector where NewJaisa is on a mission to make refurbished electronics mainstream and building an organized and bridging the trust deficit. With a dominant market share of NewJaisa, this partnership positions Quick Heal at the forefront of cybersecurity and strengthens its presence in this rapidly evolving sector.

Quick Heal Total Security provides comprehensive digital protection, powered by its patented GoDeep.AI technology—an AI-enabled deep predictive malware hunting system with a cloud-based deep learning module and advanced behavior detection system. Certified by AVLab Poland as the safest for banking and browsing in India and the world, Quick Heal draws on its 30 years of domain expertise transforming the cybersecurity ecosystem. Key features include dark web monitoring, smart parenting, web security and phishing protection, advanced anti-ransomware, data backup, and metaProtect—a cloud-based platform for synchronized cybersecurity remote management and monitoring of registered devices on-the-go. This all-encompassing cybersecurity solution meets the evolving needs of today’s digital landscape.

Central to Quick Heal’s unparalleled threat intelligence and innovation is Seqrite Labs, India’s largest malware analysis facility. With a relentless focus to innovate, simplify and secure, the company ensures millions of customers worldwide remain safe and secure. Its recent induction into the US Artificial Intelligence Safety Institute Consortium (AISIC) further reaffirms its global commitment to AI safety and security, solidifying its position as a leader in the cybersecurity domain.

Vishal Salvi, Chief Executive Officer at Quick Heal Technologies, said, “Our partnership with NewJaisa Technologies represents a strategic move to address the growing cybersecurity needs in the refurbished electronics market. With projections indicating significant growth in this sector, particularly in India, it is imperative that we provide robust security solutions across all segments of the device market. By integrating our Total Security solution into NewJaisa’s refurbished products, we are ensuring comprehensive protection for a broader range of consumers. This collaboration aligns with our commitment to enhancing digital security across diverse market segments and device types.”

NewJaisa Technologies, founded by IIT and IIM alumni, is the only listed player in India’s refurbished electronics space. The company’s technology-driven, highly automated end-to-end reverse supply chain for IT assets enables it to offer significant discounts on high-quality refurbished products compared to new ones.

Vishesh Handa, CEO from NewJaisa Technologies, commented on the partnership, “The integration of Quick Heal Total Security into our refurbished devices marks a significant enhancement to our value proposition. As a key player in India’s refurbished electronics market, we recognize the importance of coupling affordability with strong security measures. Quick Heal’s advanced features complement our existing quality assurance processes, allowing us to offer a more comprehensive product to our customers. This partnership not only strengthens our market position but also addresses critical security concerns in the refurbished electronics sector, potentially opening new avenues for market growth.”

The partnership underscores Quick Heal‘s commitment to democratizing cybersecurity and ensuring that all users, regardless of whether they choose new or refurbished devices, have access to top-tier digital protection.