Subex, a leading telecom analytics solution provider, recently announced its consolidated financial results for the year ended December 31, 2018.
Performance Highlights for the quarter ended December 31, 2018:
- Revenue for the quarter at INR 8,228 lacs as against INR 8,806 lacs in FY19 Q2
- Revenue for the 9 months ending 31st Dec 2018 at INR 24,625 lacs as against INR 24,367 for 9 months ending 31st Dec 2017.
Profitability
- EBIDTA* for the quarter at INR 757 lacs as against Rs. 1,236 lacs in FY19 Q2
- Profit after Tax (PAT) for the quarter at INR 206 lacs as against Rs. 631 lacs in FY19 Q2
In FY19, Subex announced the launch of a new brand, CrunchMetrics which is a division of Subex Digital LLP, a wholly owned subsidiary of Subex Limited. CrunchMetrics is an AI based anomaly detection system designed to help organizations discover business opportunities and mitigate risks in real-time. The solution is vertical agnostic and has a wide range of use cases for Telecom, Retail and FinTech verticals at launch. They also launched next-gen fraud prevention solution to help telcos proactively deal with existing and emerging fraud types like digital fraud.