Subex Ltd, a leading telecom analytics solution provider, has announced its financial results for the quarter ended December 31, 2017.
Performance Highlights for the quarter ended December 31, 2017:
· Revenue for the quarter at Rs. 8,643 lacs
Up by 7% QoQ from Rs.8,106 lacs in FY18 Q2
License & Implementation at 36%, Managed Services at 32% & Support at 32% of the total revenues
· Profitability
EBIDTA ex-forex for the quarter at Rs. 1,745 lacs up by 57% from Rs. 1,112 lacs in FY18 Q2
Profit after Tax (PAT) for the quarter at Rs. 361 lacs up by 19% from Rs. 304 lacs in FY18 Q2
Highlights of the quarter
Subex secured a multi-million-dollar deal with a tier 1 Group having telecom operations in Middle East and Africa to implement its Business & Application Managed Services.
Successfully renewed existing Group Framework Agreement (GFA) with a leading African telecommunications company for its ROC Revenue Assurance and ROC Fraud Management Solutions for 5 years.
A leading Latin American telecommunications company has contracted Subex to implement Subex’s Integrated ROC Revenue Assurance & ROC Fraud Management platform, across their fixed line, mobile and enterprise businesses.
Shortlisted for Aegis Graham Bell Awards 2017 for Analytics and Managed Services, and for Converge 2018 Awards for Analytics