Quick Heal Technologies

Cybersecurity leader Quick Heal Technologies Ltd is optimistic that the launch of the country's first all-in-one fraud prevention solution will boost growth in its consumer business, which currently contributes 62 per cent of its revenue, a company official said on Thursday. The publicly listed company aims to leverage its leadership position to promote its AntiFraud.AI product, targeting individual computer and mobile phone users amid the rising threat of financial fraud. According to the Indian Cybercrime Coordination Centre, Indians lost approximately Rs 1,750 crore to fraudsters in just the first four months of the year, between January and April 2024. "We are very positive about our new anti-fraud cybersecurity product targeted at individual users. This will significantly boost our consumer business in the years to come, which has been facing headwinds," said Quick Heal Managing Director Kailash Katkar, without providing specific growth projections. He explained that before ..

Quick Heal share price surged after the company announced that it has rolled out India's first fraud prevention solution, AntiFraud.AI. Quick Heal also highlighted that the solution is 'Made in India.

Regulations play a vital role in shaping the cybersecurity landscape by setting clear standards for protecting sensitive data and ensuring accountability across industries, said Vishal Salvi, CEO of Quick Heal Technologies. In an interview with PTI, Salvi highlighted the importance of frameworks and said that they are essential for ensuring data protection and fostering trust between businesses and consumers. "In today's interconnected world, rules like the (Digital Personal Data Protection Act) DPDP Act and global privacy regulations are vital to ensuring data protection and promoting trust among businesses and consumers," he said on the sidelines of the company's latest launch. Quick Heal Technologies on Thursday launched an AI-based fraud prevention solution--AntiFraud.AI. It is available on Android, iOS, and Windows, at an introductory offer price of Rs 750/year. The Made in India solution offers several protection features like fraud call alerts, banking fraud alerts, fraud ap

The surge came following the announcement of a strategic collaboration with Europe's EET Group to bolster its cybersecurity offerings

Global cybersecurity firm Quick Heal Technologies has reported a consolidated net profit of Rs 14.04 crore in the March 2024 quarter. The company had suffered a loss of Rs 6.64 crore in the corresponding quarter of the previous fiscal. Its revenue from contracts with customers rose 62.39 per cent to Rs 80.03 crore against Rs 49.28 crore in Q4 FY23, according to a regulatory filing by the company on Thursday. For FY24, it has reported about four-fold increase in net profit to Rs 24.24 crore from Rs 6.40 crore in FY23. Its revenue for FY24 increased 4.91 per cent year-on-year to Rs 291.75 crore. Quick Heal Technologies CEO Vishal Salvi in a statement said the company's board has approved further investments in new solutions and products to strengthen its portfolio. "We eagerly anticipate the enforcement of the recently announced DPDP Act and are prepared to leverage our data classification solutions to support its implementation," he added. The company's board has proposed a divid

Shares of Quick Heal Technologies hit a record high of Rs 600, as they surged 11% on the BSE in Tuesday's intra-day trade

Since April, the stock price of Quick Heal has more-than-doubled or zoomed 140 per cent.

Quick Heal v24 is powered by GoDeep.AI technology, which the company described as a self-aware malware-hunting innovation that enhances protection against emerging threats

Global cybersecurity solutions provider Quick Heal Technologies on Monday announced the appointment of Vishal Salvi as the new chief executive officer with immediate effect. Salvi, a former Infosys executive, brings with him over 29 years of experience in driving excellence in the cybersecurity and information technology domains in India and globally, the company said in a statement. Prior to joining Quick Heal Technologies, Salvi held the position of Global Chief Information Security Officer, Business Head of the Cybersecurity Service Line and Senior Vice President at Infosys. Kailash Katkar will continue in the role of Chairman and Managing Director. "...Together with Vishal Salvi as our CEO, we are fully committed to transforming the cybersecurity ecosystem in India and solidifying our position on the global map," Katkar said. "Quick Heal has earned a solid reputation as a trusted leader in the cybersecurity industry, and I am incredibly excited to lead this exceptional team in

In 2019 and 2021, Quick Heal had bought back 6.33 million equity shares each via tender offer.

Security software provider Quick Heal Technologies on Monday said its consolidated net profit grew 6.1 per cent to Rs 14.3 crore in December quarter 2021. The company had posted a net profit of Rs 13.5 crore in the year-ago period, Quick Heal said in a regulatory filing. Total revenue rose 13.9 per cent to Rs 79.6 crore in the quarter under review, from Rs 69.9 crore in the year-ago period, it added. We delivered a robust third quarter in terms of revenue, subscribers, profitability and cash flow which is a testament to our team's strong execution. Our continued commitment to secure our customers' ever-increasing online footprint helped us add 818,000 new subscribers," Managing Director and CEO Kailash Katkar said. He added that the growth in enterprise segment has been promising and the company expects the momentum to continue in the coming quarters. "In line with our strategy to boost market share, we continue to invest in R&D and strengthen leadership team that will enable us .

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The security software provider's stock has advanced 9.1 per cent in the last one month (till Thursday) as compared to a 1.2 per cent rise in the benchmark Nifty50 index

The move strengthens Quick Heal's solution stack to secure modern enterprises against the next-generation of cyber-attacks

The stock was up 7% to Rs 216 after the company announced that its board will consider share buyback proposal on March 5, 2019.

His past assignments had been in companies like Tech Mahindra and Persistent Systems

The stock hit 52-week low of Rs 173, down 9% on BSE in intra-day trade

The stock surged 10% to Rs 245 on the BSE on back of heavy volumes.

The stock locked in upper circuit of 20% at Rs 237 on the BSE on back of heavy volumes at 02:49 PM.