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Subex Reports Net Profits of 112 Percent

Posted on February 1, 2011 Written by oss

Subex Ltd, a leading global provider of Operations and Business Support Systems (OSS/BSS) for Communications Service Providers, recently announced that it has recorded consolidated revenue of Rs. 1,267.72 mln (US $ 27.83 mln) for the third quarter of FY11. The PAT (before Exceptional Items) for the same period stood at Rs. 240.41 mln (US $ 5.28 mln) as compared to Rs. 113.81 mln (US $ 2.5 mln) in the corresponding quarter of FY10 and Rs. 196.03 mln in FY11Q2. Thus, PAT before Exceptional Items has grown by 111.25% Y-o-Y.

Product revenue for FY11 Q3 was at Rs. 1111.84 mln (US $ 24.4 mln), amounting to 87.7 % of the overall revenue for the period.

The company posted a product EBITDA of Rs. 378.36 mln i.e. 34.03% as against Rs. 299.77 mln i.e. 27.89%, in the corresponding quarter of FY10 Q3. Consolidated EBITDA for the period stood at Rs. 386.63 mln (US $ 8.49 mln).

Subex Limited is a leading global provider of Operations and Business Support Systems (OSS/BSS) that empowers communications service providers (CSPs) to achieve competitive advantage through Business Optimization and Service Agility – thereby enabling them to improve their operational efficiency to deliver enhanced service experiences to subscribers.

The company pioneered the concept of a Revenue Operations Center (ROCTM) – a centralized approach that sustains profitable growth and financial health through coordinated operational control. Subex’s product portfolio powers the ROC and its best-in-class solutions enable new service creation, operational transformation, subscriber-centric fulfilment, provisioning automation, data integrity management, revenue assurance, cost management, fraud management and interconnect / inter-party settlement. Subex also offers a scalable Managed Services program and has been the market leader in Business optimization for three consecutive years.

Subex’s customers include 16 of top 20 wireless operators worldwide* and 36 of the world’s 72 biggest# telecommunications service providers. The company has more than 300 installations across 70 countries.

*RCR Wireless list, 2010
#Forbes’ Global 2000 list, 2009

Filed Under: Subex

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