Subex Ltd, has announced its financial results for the third quarter ended December 31, 2016.
Performance Highlights for the quarter ended December 31, 2016:
Revenue for the quarter at Rs. 9,578 lacs (US$ 14.2 million)
Up by 15.0% QoQ from Rs.8,336 lacs (US$ 12.4 million) in FY17 Q2
o License & Implementation at 39%, Managed Services at 30% & Support at 31% of the total revenues
EBIDTA ex forex for the quarter at Rs. 2,446 lacs (US$ 3.6 million)
Up by 71.3% QoQ from Rs. 1,428 lacs (US$ 2.1million) in FY17 Q2
Operating Profit ex-forex for the quarter at Rs. 2,635 lacs (US$ 3.9 million)
Up by 73.1 % QoQ from Rs. 1,522 lacs (US$ 2.3 million) in FY17 Q2
Profit after Tax (PAT) for the quarter at Rs. 2,255 lacs (US$ 3.4 million)
Up by 131 % QoQ from Rs. 974 lacs (US$ 1.5 million) in FY17 Q2
The company won two large long term managed services contracts from global telcos for multi-property offerings for its assurance and partner management suit of offerings.
The contracted book of business improved to ~ US $ 140 million while the total pipeline increased to ~ US$ 230 million.