15th May 2023, BENGALURU, INDIA – Subex, a pioneer in the space of Digital Trust, today announced its consolidated financial results for the quarter ended March 31, 2023.
Performance Highlights for the quarter ended March 31, 2023, compared to the previous quarter ended December 31, 2022:
- Revenue for the period at INR 473 million as against INR 737 million for the quarter ended December 31, 2022
- EBITDA for the period at INR (368) million as against INR 51 million for the quarter ended December 31, 2022
- Profit after Tax (PAT) for the period at INR (472) million as against INR (47) million for the quarter ended December 31, 2022
Performance Highlights for the year ended March 31, 2023, compared to the year ended March 31, 2022:
- Revenue for the year ended March 31, 2023, is at INR 2,787 million as against INR 3,334 million for the year ended March 31, 2022
- EBITDA for the year ended March 31, 2023, is at INR (307) million as against INR 351 million for the year ended March 31, 2022
- Profit after Tax (PAT) for the year ended March 31, 2023, is at INR (512) million as against INR 210 million for the year ended March 31, 2022
Key Appointments
- Appointment of Ms. Nisha Dutt as the Chief Executive Officer of the Company w.e.f May 2, 2023
Note: The Earnings call will be hosted after considering the Q1 financial results for the quarter ended June 2023.
Nisha Dutt, CEO, Subex, said “I am thrilled to take on the role of CEO at Subex and would like to express my gratitude to our shareholders, Directors, customers and Subexians for their unwavering support and confidence in our vision of enriching lives through AI-led Digital Trust. It is an honor to lead one of India’s earliest product companies into its next phase of growth, and I am excited about the opportunities that lie ahead for Subex.”
About Subex
Subex is a pioneer in enabling Digital Trust for businesses 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 all-around Digital Trust in the business ecosystems of its customers. Through their HyperSense AI platform, 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.
Subex has more than 300 installations across 90+ countries.
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