Subex Ltd, a leading global provider of Business and Operations Support Systems (B/OSS) for Communications Service Providers, has announced its financial results for the third quarter ended December 31, 2014.
Performance Highlights for the quarter ended December 31, 2014:
— Revenue for the quarter at Rs. 9,199 lacs (US$ 15.0 million)
– Up by 2% QoQ from Rs. 9,050 lacs (US$ 15.0 million) in FY15 Q2
– License & Implementation at 37%, Managed Services at 33% & Support at 30% of the total revenues
— EBIDTA ex forex for the quarter at Rs. 2,529 lacs (US$ 4.1 million)
– Up by 8% QoQ from Rs. 2,352 lacs (US$ 3.9 million) in FY15 Q2
— Operating Profit ex-forex for the quarter at Rs. 2,442 lacs (US$ 3.9 million)
– Up by 4.3 % QoQ from Rs. 2,250 lacs (US$ 3.7 million)
— Profit after Tax (PAT) for the quarter at Rs. 674 lacs (US$ 1.1 million) as against gain of Rs. 962 lacs (US$ 1.6 million) for the last quarter.
— YOY Profit after Tax (PAT) up from loss of (Rs. 844 lacs) t- profit of Rs. 674 lacs.
Surjeet Singh, Managing Director & CEO, Subex Limited said, “We have ended the quarter strongly with increased positive EBITDA and ex forex Operating Profit. As the industry continues t- focus on enhanced efficiency and reduced capital expenditure, the prospects of Subex continue t- be brighter than ever, indicating better performance ahead with our clarity of purpose and mission of stability”.