Subex Ltd, a leading telecom analytics solution provider, today announced its financial results for the quarter ended September 30, 2017.
Performance Highlights for the quarter ended September 30, 2017:
· Revenue for the quarter at Rs. 8,106 lacs
Up by 6% QoQ from Rs. 7,618 lacs in FY18 Q1
License & Implementation at 33%, Managed Services at 33% & Support at 34% of the total revenues
EBIDTA ex-forex for the quarter at Rs. 1,112 lacs up by 17% from Rs. 954 lacs in FY18 Q1
Profit after Tax (PAT) for the quarter at Rs. 304 lacs up from loss of Rs. 101 lacs in FY18 Q1
Highlights of the quarter
Won a multi-million dollar deal with a leading APAC telecom operator to implement its ROC Asset Assurance Solution for Capex Optimization and managing the lifecycle of its network assets.
Pioneered Real Time Revenue Assurance by deploying the largest implementation for Real-time Revenue Assurance for a top-tier Indian telecom service provider through its ROC Revenue Assurance solution.
Won a multi-million dollar group deal with a leading European TV and broadband provider which has got operation across multiple European countries to deploy its ROC Partner Settlement managed services.
Launched Subex Consulting and Advisory Services, blending strategy and execution to deliver business assurance for global telecom operators, specifically around the domains such as risk, margin, maturity and transformation.
Successfully hosted the 14th edition of the Subex User Conference in Zagreb, Croatia on 24th- 25th October 2017. The theme of the conference was “Digitalisation: Mirroring Opportunities with Reality”, and focused around implementation and operational aspects of digital transformation. The conference witnessed the participation from 100+ delegates from leading telcos across the globe.
Launch its new website https://subex.com/ in line with its repositioning towards being an analytics solution provider. The new website represents Subex 3.0 messaging: “Drive New Business Models, Enhance Customer Experience and Optimize Enterprise”