Subex Ltd, a leading telecom analytics solution provider, recently announced its financial results for the quarter ended June 30, 2017.
— Performance Highlights for the quarter ended June 30, 2017:
Revenue for the quarter at Rs.7,618 lacs
— Down by 9% YoY from Rs.8,334 lacs in FY17 Q1
— License & Implementation at 30%, Managed Services at 35% & Support at 35% of the total revenues
— EBIDTA ex forex for the quarter at Rs. 954 lacs down from Rs. 1,549 lacs in FY17 Q1
— Profit after Tax (PAT) for the quarter at Rs. (101) lacs down from Rs. 1,818 lacs in FY17 Q1
Highlights of the quarter
— Redeemed the remaining outstanding FCCB III principal of INR 2,336 lacs (US $ 3.6 mn), along with the interest and arrears of interest of INR 534 lacs (US $ 0.8 mn)
— Repayment of term loan of INR 7,782 lacs (US $ 12 mn) to its lenders outstanding in Company’s subsidiary viz. Subex Americas Inc.
— Allotment of 5.5 cr equity shares of Subex Limited on a preferential basis at an issue price of INR 14 per equity share amounting to INR 7,713 lacs
— India Ratings and Research (Ind-Ra) has upgraded the ratings on Subex Limited’s bank facilities as follows:
Fund based limits: upgraded to Long-term ‘IND A-/Stable’ from ‘IND BBB+/Stable‘.
Non-fund based limits*: upgraded to Short-term ‘IND A2+’ from ‘IND A2’
— Announced launch of Subex 3.0 to help CSPs embrace digital transformation. In line with the new strategy, Subex also unveiled its new logo
— Signed partnership agreement with ElevenPaths, Telefonica Cybersecurity Unit to jointly provide a disruptive Fraud management solution to Customers.
— Subex was declared the winner at the prestigious 2017 Pipeline Innovation Awards in the ‘Innovations in Managed Services’, and the Runner-up in the ‘Innovations in Security & Assurance’ category