Subex Reports Fiscal Year 2010 Financial Results

Subex Ltd, a leading global provider of Operations and Business Support Systems (OSS/BSS) for communications service providers, has recorded a revenue of Rs. 463.1 cr (USD 96.9 mn), and net profit of Rs. 100.3 cr (USD 21 mn) for the year ended 31 March 2010.

Year on year growth of EBITDA has been significant. The company EBITDA for FY10 stood at Rs. 94.7 cr, up by 43% from FY09, and the product EBITDA stood at Rs. 94.4 cr, up by 75%.

Commenting on the business, Subash Menon, Founder Chairman, Managing Director and CEO, said, “As the figures indicate, FY10 closed on a positive note. We are profitable once again owing to the improved operational efficiency in the past year, and in the next two years we will attain the profitability we have enjoyed in the past. This year we expect good traction for our new offerings like ROC (Revenue Operations Center), as well as an upsurge in orders.”