Net Profit at Rs. 132.27 mln up from Rs. 25.22 mln in FY11 Q1
Bangalore, INDIA - Subex Ltd, a leading global provider of Operations and Business Support Systems (OSS/BSS) for Communications Service Providers, announced today that it has recorded Net Consolidated Revenue of Rs. 1169.51 mln for the first quarter of FY12. The Order Intake for RMS, the core business of the company, grew 63.12% at US $ 23 mln up from US $ 14.1 mln in FY11 Q1. Net Profit grew 424.46% at Rs. 132.27 mln up from Rs. 25.22 mln in FY11 Q1.
The Product Revenue for the company stood at Rs. 1055.75 mln contributing to 90.27 % of the consolidated revenue. The company posted a Product EBITDA of Rs. 286.03 mln while the Consolidated EBITDA for the period stood at Rs. 271.95 mln as compared to 325.81 mln in Q1 of FY 2011.
Commenting on the business, Subash Menon, Founder Chairman, Managing Director and CEO, said, “The beginning of the financial year has been promising as we continue to witness increased traction of our industry leading Revenue Operations Center (ROC®) and Managed Services offering. This is evident in the significant increase in our order intake in our core business, RMS, from US $ 23 mln in FY12 Q1 up from US $ 14.1 mln in FY11 Q1.”
About Subex Limited
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 Optimisation 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 (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 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 26 of the world's 50 biggest# telecommunications service providers.
The company has more than 300 installations across 70 countries.
*RCR Wireless list, 2010
#Forbes' Global 2000 list, 2010