8th November 2023, BENGALURU, INDIA – Subex, a telecom AI company enabling connected experiences, today announced its consolidated financial results for the quarter ended September 30, 2023.
Performance Highlights for the quarter ended Sept 30, 2023, compared to the previous quarter ended June 30, 2023:
- Revenue for the period is at INR 768 million as against INR 673 million for the quarter ended June 30, 2023.
- EBITDA for the period is at INR (46) million as against INR (147) million for the quarter ended June 30, 2023.
- Profit after Tax (PAT) for the period at INR (111) million as against INR (193) million for the quarter ended June 30, 2023.
Performance Highlights for the six months ended Sept 30, 2023, compared to the six months ended Sept 30, 2022:
- Revenue for the period ended Sept 30, 2023, is at INR 1,441 million as against INR 1,578 million for the period ended Sept 30, 2022.
- EBITDA for the period ended Sept 30, 2023, is at INR (193) million as against INR 10 million for the period ended Sept 30, 2022.
- Profit after tax (PAT) for the period ended Sept 30, 2023, is at INR (303) million as against INR 6 million for the period ended Sept 30, 2022.
About Subex
Subex is telecom AI company enabling connected experiences for CSPs across the globe.
Founded in 1994, Subex helps its customers maximize their revenues and profitability. With a legacy of having served the market through world-class solutions for business optimization and analytics, Subex is now leading the way by enabling the creation of connected experiences in the telecom industry. Through their HyperSense line of offerings, Subex empowers communications service providers and enterprise customers to make faster, better decisions by leveraging Artificial Intelligence (AI) across the data value chain. Subex leverages its award-winning product portfolio in areas such as Business Assurance and Fraud Management and enhances them with the power of HyperSense to help CSPs reduce risk, combat fraud, and thereby ensure profitability.
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