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Quick Heal Q4 net more than doubles to Rs 49.2 cr

Press Trust of India  |  New Delhi 

provider today said its net profit than doubled to Rs 49.2 crore in January-March 2018 against Rs 22.2 crore in the year-ago period.

Its revenues increased 29 per cent to Rs 118.7 crore in the quarter under review from Rs 92.2 crore in the January-March 2017 quarter, Quick Heal said in a statement.

For the fiscal 2017-18, net profit was up 56 per cent to Rs 83 crore, while revenue grew six per cent to Rs 318.3 crore compared to FY2016-17.

Quick Heal said retail segment revenue, which accounted for 85 per cent of the total revenue, was up 27 per cent at Rs 106.9 crore in the March 2018 quarter.

The Board of Directors have proposed the final dividend of Rs 3 per share, it said.

* * * * * * appoints as *

Digital classifieds company today said it has appointed as its

Tewari will play a key role in the company's group level financial strategy and growth opportunities across its various marketplaces, said in a statement.

In his last stint, he led the strategic and financial advisory practice for the at ICICI Securities, it added. Tewari has also worked with Bank of America, and

* * * * * * to lead R&D at *

IT firm today said it has appointed as the and Managing Site Director at its operations.

In his new role, Narayanan will be heading VMware's in India, said in a statement.

Prior to joining VMware, Narayanan was the of Product Development Centre, and of Monetisation Products.


raises Rs 30 cr from SBI


Aye Finance, the fintech firm focussed on the MSME sector, today said it has raised over Rs 30 crore from SBI.

This debt facility will be used by Aye to offer affordable line of credit to micro enterprises and enable their inclusion into the mainstream of the economy, it said in a statement.

This is the second time SBI has extended a debt facility to Aye.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 14 2018. 22:25 IST