12th February 2025, BENGALURU, INDIA – Subex, a telecom AI company, today announced its consolidated financial results for the quarter ended Dec 31, 2024.
Performance Highlights for the quarter ended December 31, 2024, compared to the previous quarter ended September 30, 2024:
- Revenue for the quarter at INR 727 million as against INR 742 million for the quarter ended September 30, 2024.
- EBITDA for the quarter at INR 25 million as against INR 19 million for the quarter ended September 30, 2024.
- Profit after Tax (PAT) for the quarter at INR (33) million as against INR 6 million including exceptional item of INR 42 million for the quarter ended September 30, 2024.
- The core Telco business has grown 2% QoQ and delivered 9% EBITDA margin.
Performance Highlights for the nine months ended December 31, 2024, compared to the nine months ended December 31, 2023:
- Revenue for the period ended December 31, 2024, is at INR 2150 million as against INR 2260 million for the period ended December 31,
- EBITDA for the period ended December 31, 2024, is at INR (17) million as against INR (187) million for the period ended December 31, 2023.
- Profit after Tax (PAT) for the period ended December 31, 2024, is at INR (138) million, including exceptional item of INR 42 million, as against INR (352) million for the period ended December 31, 2023.
About Subex
Subex is a 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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