5thAugust 2024, BENGALURU, INDIA — Subex, a telecom Al company, today announced its consolidated financial results for the quarter ended June 30, 2024.
Performance Highlights for the quarter ended June 30, 2024, compared to the previous quarter ended March 31, 2024:
- Revenue for the quarter at 1NR 682 million as against INR 838 million for the quarter ended March 31, 2024.
- EBITDA for the quarter at INR (60) million as against INR 31 million for the quarter ended March 31, 2024.
- Profit after Tax (PAT) for the quarter at INR (112) million as against INR (1,565) million for the quarter ended March 31, 2024.
Performance Highlights for the quarter ended June 30, 2024, compared to the quarter ended June 30, 2023:
- Revenue for the quarter ended June 30, 2024, is at INR 682 million as against INR 673 million for the quarter ended June 30, 2023.
- EBITDA for the quarter ended June 30, 2024, is at 1NR (60) million as against INR (147) million for the quarter ended June 30, 2023.
- Profit after Tax (PAT) for the quarter ended June 30, 2024, is at INR (112) million as against INR (193) million for the quarter ended June 30, 2023.
About Subex
Subex is a telecom Al 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 (Al) 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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