Hi all,

I hope that each and every one of you is safe and healthy. The current wave of the pandemic has been quite serious, leaving a lot of people directly or indirectly affected. The cost to lives and livelihood cannot be understated, and we have all witnessed the virus affect our near and dear ones in some capacity. With that in mind, before I move on to the business aspects, I would like to wish for you and your loved ones to be safe and healthy. These are challenging times, but I am confident that we will come out of this stronger.

I am happy to state that despite the pandemic, we have managed to sustain the momentum, that we had built before the crisis and moved forward on planned projects. Multiple challenges were placed in front of us; however, we could band together and deliver value to our customers with grit and determination. This has resulted in us finishing the year on a positive note. Financially, our revenues have been steady. We had completed our capital reduction process in November, and I am happy to say that the response from the shareholder community to this move has been positive. Closing FY21 on a strong note is also the culmination of solid performances by the business on a quarter-on-quarter basis. We had also announced a 10% interim dividend to shareholders in February.

Moving on to the operational aspects, we continue to see traction from customers for our product suite. We had announced deals with a few marquee names for our core products. At the same time, our newer focus areas like IoT Security, Capacity Management, and IDcentral also had good traction, and we should see more growth coming from these areas in the next year. Moreover, we have augmented our entire product suite to support 5G and other digital requirements, by leveraging AI/ML capabilities. This product strategy and our focus on Digital Trust continue to see an encouraging response from customers. As we move forward, a key area of focus for us will be HyperSense, our new, no-code, augmented analytics platform.

I had mentioned earlier, how we successfully executed planned projects despite the hurdles posed by the pandemic. The launch of HyperSense as per schedule is a prime example of the spirit of Subexians to make things happen, despite having to move to a hybrid mode of operations. I want to thank them for their efforts towards making this landmark milestone a reality. HyperSense will be a gamechanger for both our customers and for Subex. For enterprises, HyperSense will change how AI is adopted within business teams. For Subex, HyperSense marks the start of the company’s platform journey and will improve our ability to roll out products to the market faster than ever before. We are excited about HyperSense, and the response from customers, analysts, and other stakeholders has reinforced our decision to become a platform-centric business.

I look forward to an exciting FY22.

Stay healthy and stay safe!

Thanks,

Vinod Kumar, MD and CEO, Subex