Subex announces FY17-Q3 Results with Revenue of INR 9,578 lacs, up 15% QoQ, and PAT of INR 2,255 lacs up 131% QoQ
Won two large multi service long term deals with global operators
MUMBAI, INDIA –Subex Ltd, a leading global provider of Business and Operations Support Systems (B/OSS) for Communications Service Providers, today announced its financial results for the third quarter ended December 31, 2016.
- Performance Highlights for the quarter ended December 31, 2016:
• Revenue for the quarter at Rs. 9,578 lacs (US$ 14.2 million)
o Up by 15.0% QoQ from Rs.8,336 lacs (US$ 12.4 million) in FY17 Q2
o License & Implementation at 39%, Managed Services at 30% & Support at 31% of the total revenues
- EBIDTA ex forex for the quarter at Rs. 2,446 lacs (US$ 3.6 million)
o Up by 71.3% QoQ from Rs. 1,428 lacs (US$ 2.1million) in FY17 Q2
- Operating Profit ex-forex for the quarter at Rs. 2,635 lacs (US$ 3.9 million)
o Up by 73.1 % QoQ from Rs. 1,522 lacs (US$ 2.3 million) in FY17 Q2
- Profit after Tax (PAT) for the quarter at Rs. 2,255 lacs (US$ 3.4 million)
o Up by 131 % QoQ from Rs. 974 lacs (US$ 1.5 million) in FY17 Q2
The company won two large long term managed services contracts from global telcos for multi-property offerings for its assurance and partner management suit of offerings.
The contracted book of business improved to ~ US $ 140 million while the total pipeline increased to ~ US$ 230 million.
Surjeet Singh, Managing Director &CEO, Subex Limited said, “We have ended the third quarter on a positive note with an increased EBITDA as well as Profit after Tax. We continue to see improved traction for our transformational digital offerings in partnering with our customers to drive new business models, enhance customer experience and provide assurance.”
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About Subex Limited
Subex Limited is a leading global provider of Business and Operations Support Systems (B/OSS) that empowers communications service providers (CSPs) to achieve competitive advantage through Business Optimisation – thereby enabling them to improve their operational efficiency to deliver enhanced service experiences to subscribers.
The company pioneered the concept of a Revenue Operations Centre (ROC®) – 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 such as revenue assurance, fraud management, asset assurance, capacity management, data integrity management, credit risk management, cost management, route optimisation and partner settlement. Subex also offers a scalable Managed Services program with 30 + customers.
Subex has been awarded the Global Market Share Leader in Financial Assurance 2012 by Frost & Sullivan and has been the winner of Carriers World Awards 2015 for Best Security/Fraud solution, Telecoms Award 2015 for Advances in B/OSS, Pipeline Innovation Award 2013 in Business Intelligence & Analytics; Capacity Magazine Best Product/ Service 2013. Subex has continued to innovate with customers and have been jointly awarded the Global Telecoms Business Innovation Award in 2016 with BTC Botswana; in 2015 with Mobily; in 2014 with Telstra Global; in 2012 with Idea Cellular for Managed Services and in 2011 with Swisscom for Fraud Management.
Subex’s customers include 39 of top 50 telecom operators* and 7 of the world’s 10 largest# telecom companies worldwide. The company has more than 300 installations across 70 countries.
*Telecom Operators 500, 2015
#The World’s Largest Telecom Companies 2015 – Forbes
For more information please visit www.subex.com