Subex Ltd, a leading global provider of Business and Operations Support Systems (B/OSS) for Communications Service Providers, today announced its financial results for the second quarter ended September 30, 2014.
Performance Highlights for the quarter ended September 30, 2014:
— Revenue for the quarter at Rs. 9,050 lacs (US$ 15 million)
– Up by 38.9% QoQ from Rs 6,518 lacs (US$ 10.9 million) in FY15 Q1
– License & Implementation at 24%, Managed Services at 38% & Support at 38% of the total revenues
— EBIDTA ex forex for the quarter at Rs. 2,352 lacs (US$ 3.9 million)
– Up by 461% QoQ from Rs. 419 lacs (US$ .70 million) in FY15 Q1
— Operating Profit ex-forex for the quarter at Rs. 2,250 lacs (US$ 3.7 million)
– Up by 744 % QoQ from Rs. 266 lacs (US$ .45 million)
— Profit after Tax (PAT) for the quarter at Rs. 962 lacs (US$ 1.6 million) as against loss of Rs. 2,060 lacs (US$ 3.50 million) for the last quarter.
Surjeet Singh, Managing Director & CEO, Subex Limited said, “We have ended the quarter strongly with increased positive EBITDA and ex forex Operating Profit. Our recently concluded Subex User Conference 2014 is testimony of our solutions capabilities and assurance of our customer’s support and belief in the company’s strategy and growth. As the industry continues to focus on enhanced efficiency and reduced capital expenditure, the prospects of Subex continue to be brighter than ever, indicating better performance ahead with our clarity of purpose and mission of stability”.