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MUMBAI, INDIA – Subex Ltd, a leading global provider of Business Support Systems (BSS) for Communications Service Providers, today announced its financial results for the second quarter ended September 30, 2013.

Performance Highlights for the quarter ended September 30, 2013

Revenues for the quarter at Rs. 8,544 lacs (US$ 14.5 million)
- Up by 10 % QoQ from Rs 7,776 lacs
- License & Implementation at 41%, Managed Services at 26%, Support at 33% of the total revenue

EBIDTA for the quarter at Rs 2,088 lacs (US$ 3.6 million)
- Up by 38% QoQ from Rs. 1,519 lacs (US $ 2.7 million)

Operating Profit ex-forex for the quarter at Rs. 2,028 lacs (US$ 3.43 million)
- Up by 40 % QoQ from Rs. 1,452 lacs (US$ 2.61 million)

Profit after Tax (ex forex) for the quarter at Rs. 461.6 lacs (US$ 0.78 million)
- Up by 234 % QoQ from Rs. 345 lacs (US$ -0.63 million)
- Forex Gain/(loss) for the quarter at Rs. (305) lacs (US$ 0.52 million) as compared to forex gain/(loss) of Rs. 1091 lacs ( US$ 1.96 million) for the previous quarter

Surjeet Singh, Managing Director & CEO, Subex Limited said, “We have ended the quarter strongly with increased positive EBITDA of 24.5% and increase in ex forex Operating Profit by 40%. With renewed focus on our core products and with increased market momentum for our ROC Asset Assurance solution, we are fairly optimistic going ahead. Our recently concluded Subex User Conference 2013 is testimony of our solutions capabilities and assurance of our customer’s support and belief in the company’s strategy and growth.”

About Subex Limited

Subex Limited is a leading global provider of Business Support Systems (BSS) 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 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 such as revenue assurance, fraud management, asset assurance, capacity management, data integrity management, credit risk management, cost management, route optimization and partner settlement.

Subex also offers a scalable Managed Services program and has been the market leader in Revenue Assurance and Fraud Management for 2 years in a row according to Gartner (2010 & 2011). Subex has also been enjoying market leadership in Business Optimisation for five consecutive years according to Analysys Mason (2007, 2008, 2009, 2010 & 2011). Business Optimisation includes fraud, revenue assurance, analytics, cost management and credit risk management. Subex has been awarded the Global Telecoms Business Innovation Award for 2012 along with Idea Cellular and 2011 along with Swisscom for fraud management. Subex has also been awarded the Global Market Share Leader in Financial Assurance 2012 by Frost & Sullivan.

Subex’s customers include 29 of top 50 operators^* and 33 of the world’s 50 biggest^# telecommunications service providers worldwide. The company has more than 300 installations across 70 countries.

*Total Telecom Top 500 Telecom Brands, 2013
^#Forbes’ Global 2000 list, 2013

London, UK – Subex Ltd, a leading global provider of business support systems (BSS) for Communications Service Providers (CSPs) announced that it will be hosting the 2013 edition of its User Conference from 23rd to 24th of October, 2013 in Dublin, Ireland. The speakers for the 2013 User Conference comprises of delegates from leading wireless and wireline operators as well as leading telecom publications.

Dr. Peter Cochrane, ex CTO British Telecom is the keynote speaker for the event and Eric Priezkalns, blogger and co-founder of talkRA is the Chairman for this year’s conference. Independent speakers include Alex Leslie, Publisher of Billing Views and Tony Poulos, Market Strategist at TeleManagement Forum. The 2 day conference will showcase 15 customer presentations and case studies and also debate on current industry topics through roundtable and panel discussions.

The 2013 Subex User Conference: “Connect, Communicate, Collaborate” will provide the perfect stage for the industry to understand current market dynamics and challenges. An annual property, the User Conference provides customers with an excellent opportunity to engage and learn from collective experiences while sharing best practices and feedback.

Vinod Kumar, COO, Subex Ltd. said, “Based on the response we received for last year’s conference, I am eagerly awaiting the 2013 edition of the User Conference and look forward to welcoming all our speakers and customers to Dublin. The 2013 User Conference is a great platform to focus our collective energies on improving the global telecom landscape. We look forward to an enriching experience at the conference.”

About Subex Limited

*Total Telecom Top 500 Telecom Brands, 2013
^#Forbes’ Global 2000 list, 2013

London, UK – Subex Ltd, a leading global provider of Business Support Systems (BSS) for Communications Service Providers (CSPs), is proud to announce that TM Forum’s Strategy & Adoption Subcommittee has appointed John Brooks, Vice President – Product Management of Subex as Project Lead for the new Asset Management project.

With over 900 member companies, TM Forum is the largest global trade association focused on bringing together the digital ecosystem, including communication service providers, digital service providers and enterprises, with the goal of enabling an open digital world. The TM Forum Asset Management project deals with network capex management and asset optimization which helps network providers enhance annual capital savings.

As project leader, John will be responsible for targeting deliverables and guiding the project activities for the work period leading up to the release of TM Forum’s Frameworx 14, slated for release next year. John will be responsible for coordinating Catalyst projects for TM Forum’s Asset Management project and additionally will assign responsibilities and serve as a point of contact for introducing new companies into the Forum as well as produce promotional material to demonstrate the group’s work.

Steven Cotton, Director, Business Assurance Programs, TM Forum said, “I am pleased to announce that TM Forum’s Strategy and Adoption Subcommittee of TM Forum’s Board of Directors has appointed John Brooks of Subex as Project Lead for the new Asset Management project. John is an old hand in the Business Assurance Programs, having been the inaugural Lead of the Fraud Management work in 2010. We wish him the very best.”

John Brooks, Vice President- Product Management, Subex said, “It is an honour to be selected again by TM Forum for a project leadership role. I am excited to be appointed the leader of the new Asset Management Project, and thrilled to see that TM Forum recognises the growing need for leadership and guidance in the Asset Management domain. With billions of dollars flowing annually from most large operators into network assets growth, being able to lead the creation of industry best practices for Asset Management, as it fits neatly into the widely recognized Frameworx model, is a tremendous opportunity.”

About Subex Limited

*Total Telecom Top 500 Telecom Brands, 2013
^#Forbes’ Global 2000 list, 2013

BANGLORE, INDIA – Subex Ltd, a leading global provider of Business Support Systems (BSS) for Communications Service Providers, today announced its financial results for the first quarter ended June 30, 2013.

Performance Highlights for the quarter ended June 30, 2013

Profit after Tax (PAT) for the quarter at Rs. 742 lacs (US$ 1.3 million)
- Up by 246% from loss after tax of Rs. 509 lacs (US$ 0.9 million) in FY13Q1

EBIDTA for the quarter at Rs. 1,519 lacs (US$ 2.7 million)
- At 19.5% compared to loss of Rs. 66 lacs (US$ 0.1 million) in FY13Q1

Product Revenue for the quarter at Rs. 7,776 lacs (US$ 14 million)
- Up from Rs. 7,096 lacs (US$ 12.8 million) in FY13Q1
- License & Implementation at 40%, Managed Services at 29% & Support at 32% of the total revenues

Operating Profit ex-forex for the quarter at Rs. 1,453 lacs (US$ 2.6 million)
- Up from a loss of Rs. 192 lacs (US$ 0.3 million) in FY13Q1

Free cash flow of Rs. 3,832 lacs (US$ 6.5 million)

Surjeet Singh, CEO & Managing Director, Subex Limited said, “We are pleased with our operating results for the quarter. The business is stable, we are winning new customers and more importantly we are not only profitable on sustainable basis but also cash positive at operating level. Strategically, we are now expanding to help our customers manage network Capex through our path-breaking Asset Assurance portfolio which we believe will provide growth impetus to the company in coming period. Parallely, we are creating Subex 2.0 to move aggressively into Analytics to service our customers holistically.”

Vinod Kumar, Chief Operating Officer, Subex Limited said, “We have maintained the EBITDA at around 20% and increased our PAT by 246% through a sharpened focus on our core products and increased traction of our long-term sustainable Managed Services offering.” He added, “The first quarter of this financial year has been a record quarter for us, having won more than 10 key Managed Services contracts for our core offerings, mostly for Tier 1 operators in North America and Europe region. With positive market momentum and uptake on the concept of network capex management through ROC Asset Assurance, we are confident of gaining further traction and growing our revenues as we move forward.”

About Subex Limited

*Total Telecom Top 500 Telecom Brands, 2013
^#Forbes’ Global 2000 list, 2013

London, UK – Subex Ltd, a leading global provider of Business Support Systems (BSS) for Communications Service Providers (CSPs), has announced the launch of its ROC Partner Settlement version 9.9 that addresses the growing concerns of carriers worldwide of effectively managing and maintaining partner relationship and negotiating multi-party contracts, thereby driving increased profitability.

According to the recent “Wholesale Systems for Advanced Services” survey conducted by Technology Research Institute (TRI), Global Settlements Carrier Group (GSC) and Subex, in today’s dynamic telecoms marketplace the boundaries of ‘wholesale’ have gone from rigid to permeable. It’s no longer just about buying & selling of traditional voice traffic. With the advent of new services utilizing 3G & 4G/ LTE network capabilities, IPX, IPTV, MVNO reseller services, M2M etc, Carriers today have an entirely different set of challenges with respect to handling partner settlement business process across services/business units, thus paving a way for more innovative contract services.

The survey further emphasize the fact that LTE mobile services, VAS, cloud services for small & medium businesses, mobile broadband services and consumer content delivery are some of the key wholesale services that would experience high revenue growth in the coming years. Carriers who leverage these services and re-work on their wholesale business strategies are bound to stay ahead of the herd.

Realizing this market need, Subex has launched version 9.9 of ROC Partner Settlement solution to manage a gamut of next generation content and data services in addition to its voice services. The upgraded version is a ‘Multi-service settlements framework’, i.e. it is functionally rich when it comes to handling voice traffic and also capable of handling multiple types of services in a converged solution. With analytics and intelligence being the key piece of this release, the solution is capable of providing wholesalers with better decision support systems as opposed to the traditional operational support systems.

John Brooks, Vice President – Product Management, Subex Ltd. says, “In a multi-content services market landscape, reduced time to market, increased efficiency and profitability has always been important, but heightened competition in the advanced IP services is increasing the time-to-market gap. Intelligence being the key focus globally, the latest version of ROC Partner Settlement will transform the way Carriers perceive business support systems through innovation for next generation content and data services.”

ROC Partner Settlement allows operators to quickly and accurately settle charges with their network and content partners. It helps operators improve efficiency through light touch and automation, accurate billing and settlement and prudent accrual provisioning. Catering to the need for visibility of each deal’s impact on an operator’s bottom line owing to shrinking margins, the solution provides strong coverage in all areas from order to cash. It enables operators to manage costs and revenues on interconnect and partner agreements with domestic and international operators as well as content partners on a day-to-day, and hour-to-hour basis.

About Subex Limited

*Total Telecom Top 500 Telecom Brands, 2013
^#Forbes’ Global 2000 list, 2013

London, UK – Subex Ltd, a leading global provider of Business Support Systems (BSS) for Communications Service Providers (CSPs), has announced that it has signed a new license contract with Ethio Telecom via its partner Softpro International Limited (Mauritius), to deploy their latest version of the industry leading ROC Revenue Assurance solution.

Ethio Telecom is the sole telecom service provider in Ethiopia owned by the Ethiopian Government. Ethio Telecom requested for proposals to deploy a revenue assurance solution to protect their revenue streams across multiple types of services with a huge subscriber base. Subex won the deal through a competitive RFP evaluation and bidding process, in partnership with Softpro International Limited (Mauritius). Softpro would work with Subex to provide a turn key Revenue Assurance solution to Ethio Telecom.

Mr. Ephrem Arefaine, Chief Quality and Process Officer, Ethio Telecom – “We are pleased to work with Subex to support our business in a rapidly changing telecom marketplace. We chose Subex because of their great track record and domain expertise along with a strong experience on implementations within Africa.”

Mr. Rabin Pyndiah, Managing Director, Softpro International Limited – “We are very happy to be partnering with a market leader like Subex to help meet the revenue protection needs of our existing customer Ethio Telecom.”

Mr. Vinod Kumar, Chief Operating Officer, Subex Ltd. said, “This win is testimony to our understanding of the African market and its challenges. Our domain expertise coupled with embedded analytics based Revenue Assurance solution will help Ethio Telecom in effectively increasing analyst productivity and enable faster revenue recovery along with easing knowledge management. We look forward to a long and value-driven partnership.”

The ROC Revenue Assurance solution is a first-of-its-kind, complete revenue assurance solution, designed to tackle critical challenges across the entire revenue chain with some of the industry’s first capabilities like RevenuePad. RevenuePad is the command center for Enterprise-wide RA that helps service providers to chart their Revenue Assurance roadmap, provides guidance on which assurance areas and metrics to cover, and offers visual aides to isolate problem areas. This industry leading solution continues to help add value to the business of telecom services providers globally across 6 continents.

About Subex Limited

*Total Telecom Top 500 Telecom Brands, 2013
^#Forbes’ Global 2000 list, 2013

London, UK – Subex Ltd, a leading global provider of Business Support Systems (BSS) for Communications Service Providers (CSPs), has announced that its latest offering, ROC^® Asset Assurance solution has been adjudicated runners up at the prestigious Pipeline Innovation Awards 2013 in the‘Innovation in Big Data and Analytics’ category.

The Innovation Awards program provides the highest level of objective endorsement for innovations and thought leadership in the communications and entertainment technology (COMET) industry. This year there were more than 130 nominations from over 70 companies in 14 categories, from which a select group of finalists were identified and presented to Pipeline’s exclusive industry judging panel comprising of key executives from leading service provider and influential industry analysts.

“This year’s COMET awards submissions were exceptional and illustrated the height of technical innovation. Subex’s submission was particularly impressive and demonstrated how their ROC Asset Assurance solution can be used by global operators to solve some of the real-world issues they are facing today,” said Scott St. John, Executive Editor Pipeline magazine. “Innovators like Subex are leading the way, helping operators leverage their investment in technology, helping them bridge major operational gaps within their organization and provides a higher level of visibility and control.”

Vinod Kumar, Chief Operating Officer, Subex Ltd. said “It is a huge moment of pride for us to receive the prestigious 2013 COMET awards, a fantastic platform to showcase our innovation and technical excellence to the industry. Our pioneer ROC Asset Assurance solution operates in a very exciting area of network asset management across all dimensions of the asset life cycle and is a strategic area of growth for the company and this award further validates the solution’s capabilities”. He added, “The award is significant industry recognition post our recent Global Market Leadership in Revenue Assurance & Fraud Management in 2012 by Gartner. This milestone only encourages us to continue to challenge ourselves to keep on adding more value to our customers.”

The ROC Asset Assurance solution helps monitor, manage and optimize capital expenses throughout the asset lifecycle, which then extends beyond analytics to drive actions and changes in critical business processes that control or consume capex. The solution is built in a manner that digs deep into data quality to improve the accuracy of data sources that support capital decisions, leveraging the Network itself where possible.

About Subex Limited
Subex Limited is a leading global provider of Business Support Systems (BSS) 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 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 such as revenue assurance, fraud management, credit risk management, cost management, route optimization, data integrity management and interconnect / inter-party settlement.

Subex also offers a scalable Managed Services program and has been the market leader in Revenue Assurance and Fraud Management according to Gartner (2010 & 2011). Subex has also been enjoying market leadership in Business Optimisation for five consecutive years according to Analysys Mason (2007, 2008, 2009, 2010 & 2011). Subex has been awarded the Global Telecoms Business Innovation Award for 2011 along with Swisscom for industry’s first successful Risk Reward Share model for fraud management.

Subex’s customers include 28 of top 50 operators* and 33 of the world’s 50 biggest# telecommunications service providers worldwide. The company has more than 300 installations across 70 countries.

*GTB Carrier Guide, 2011
#Forbes’ Global 2000 list, 2011

BANGALORE, INDIA – Subex Ltd, a leading global provider of Business Support Systems (BSS) for Communications Service Providers, today announced its financial results for the fourth quarter ended March 31, 2013.

Performance Highlights for the quarter ended March 31, 2013

EBIDTA for the quarter at US$ 3.8 million (Rs. 205 million) and for the year is US$ 8.6 million (Rs. 460.3 million)
- Up by 1.6% QoQ from US$ 3.7 million (Rs. 202 million)
Proforma Operating Profit ex-forex for the quarter at US$ 3.61 million (Rs. 195.7 million) and for the year at US$ 7.8 million (Rs. 418 million)
- Up by 2.2% QoQ from US$ 3.5 million (Rs. 192.50 million)
Revenues for the quarter at US$ 14.73 million (Rs. 799.60 million)
- Down by 11.74% QoQ from US$ 16.06 million (Rs. 906 million)
- License & Implementation at 44.56%, Managed Services & Support at 54.98% and Services at 0.46% of the total revenues
Revenues for the year (FY13) at US$ 60.86 million (Rs. 3,305.80 million)
- Down by 30.82% YoY from US$ 88.02 million (Rs. 4,778.30 million)
- License & Implementation at 43%, Managed Services & Support at 50% and Services at 7% of the total revenues
Operating Profit for the quarter at US$ 2.8 million (Rs. 151.70 million) and for the year at US$ 6.4 million (Rs. 351 million)
- Down by 46.4% QoQ operating profit from US$ 4.19 million (Rs. 227.7 million)
- Forex loss for the quarter at US$ -0.81 million (Rs. -44.10 million) as compared to forex gain of US$ 0.65 million (Rs. 35.20 million) for the previous quarter
Finance Costs for the quarter at US$ 3.02 million ( Rs. 164.20 million ) as compared to US$ 2.7 million ( Rs. 144.50 million ) in previous quarter due to higher interest on short term borrowing

Surjeet Singh, CEO & MD, Subex Limited said, “We have successfully maintained our market leadership in Revenue Assurance and Fraud Management accordingly to leading analyst firm Gartner* for the third year in a row. Our recently launched solution ROC Asset Assurance is also gaining momentum and has been awarded the prestigious Pipeline Innovation Award 2013#. These industry recognitions are a testimony of our sustained focus on product innovation and on strategic growth areas such as ROC Asset Assurance and Managed Services, and we will strive hard to continue to invest in improving our solutions to meet the dynamic needs of the telecom industry.”

* Gartner, “Market Share: Telecom Operations Management Systems (BSS, OSS and SDP), Worldwide, 2011-2012” Martina Kurth, Norbert J. Scholz, Kamlesh Bhatia, 26 March 2013

#Subex’s ROC Asset Assurance solution is awarded runners-up in the 2013 Pipeline Innovations Awards 2013 (COMET 2013) in the Big Data and Analytics category.

*GTB Carrier Guide, 2011
#Forbes’ Global 2000 list, 2011

BANGALORE, INDIA – Subex Ltd, a leading global provider of Business Support Systems (BSS) for Communications Service Providers (CSPs), has announced the launch of the industry’s first solution, ROC Asset Assurance, that addresses the growing concerns of telecom operators worldwide of effectively managing and reducing capex across the lifecycle of network assets.

In today’s dynamic telecoms marketplace, the network capex conundrum is becoming a serious cause for concern with an astonishing 20% of assets failing to return cost of capital. While lack of visibility in understanding asset dispositions, poor data integrity, and eroding asset contribution after purchase are some of the key reasons for this situation, the key issue has always been lack of true governance required for a repeatable, sustainable program to work effectively.

Realizing this market gap, Subex has launched the ROC Asset Assurance solution to monitor, manage and optimize capital expenses throughout the asset lifecycle, which then extends beyond analytics to drive actions and changes in critical business processes that control or consume capex. The solution is built in a manner that digs deep into data quality to improve the accuracy of data sources that support capital decisions, leveraging the Network itself where possible.

Vinod Kumar, Chief Operating Officer, Subex Ltd. said “Today operators worldwide are concerned about shrinking EBITDA margins and want to not just focus on revenue, but also in reducing its significant annual Capex burden. With the launch of the ROC Asset Assurance, we are taking an Enterprise program approach to reducing capex. With predictive modelling, pattern analysis and quality controls, the solution ensures deliberate capex control at each stage of the asset’s lifecycle.”

Added John Brooks, Vice President – Product Management, Subex Ltd., “Network capital budgets are the largest line items with virtually every operator today, and the greatest assets on every carrier’s books are the to-date network investments that have been made. With ROC Asset Assurance’s key ability to give all capex stakeholders visibility into true asset optimization, operators will experience capex savings and free cash flow increases at levels never before seen in other Assurance programs.”

*GTB Carrier Guide, 2011
#Forbes’ Global 2000 list, 2011