Quick Heal Technologies, a cybersecurity software company, disclosed a net loss of Rs 12.8 crore in the current fiscal quarter ending June, as per a filing with the BSE. This represents a significant downturn from the net profit of Rs 0.18 crore recorded during the same period in the previous fiscal year.
Furthermore, the company's revenue experienced a 16 percent decline, amounting to Rs 51.4 crore in the mentioned quarter of the current fiscal year, compared to approximately Rs 61 crore achieved in the first quarter of FY22.
Prior to joining the Pune-based company earlier this month, Salvi served as the Chief Information Security Officer at Infosys and held the position of an independent director for the Data Security Council of India.
Expressing his views, Salvi emphasized that the company has established itself as a leading force in the cybersecurity sector. He added that the team has been actively addressing the continuously evolving requirements and challenges of their customers.
According to Dr. Kailash Katkar, the managing director of Quick Heal Technologies, he is optimistic about the company's ability to safeguard individuals, organizations, and nations.
He further emphasizes that both he and Salvi are fully dedicated to revolutionizing the cybersecurity landscape in India and strengthening the company's position on the global stage.
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