Subex announces FY15 Q1 Results with Product Revenues at USD $10.9 million
BANGALORE, INDIA – Subex Ltd, a leading global provider of Business and Operations Support Systems (B/OSS) for Communications Service Providers, today announced its financial results for the first quarter ended June 30, 2014.
Performance Highlights for the quarter ended June 30, 2014
- Revenue for the quarter at Rs. 6,518 lacs (US$ 10.9 million)
- License & Implementation at 24%, Managed Services at 38% & Support at 38 % of the total revenues
- EBIDTA ex forex for the quarter at Rs. 419 lacs (US$ 0.7 million)
- Operating Profit ex-forex for the quarter at Rs. 266 lacs (US$ 0.45 million)
- Profit after Tax (PAT) for the quarter at Rs. (-)2,060 lacs (US$ (-)3.5 million)
Surjeet Singh, Managing Director & CEO, Subex Limited said, “The recognised revenue for the quarter is sequentially lower due to unavoidable delays; however these don’t reflect any change in the business momentum. We continue to see enhanced market need for our solution sets, in particular asset assurance, where we are partnering strategically with our customers to help optimise the capex spending besides providing insights into revenue items”.
About Subex Limited
Subex Limited is a leading global provider of Business and Operations Support Systems (B/OSS) 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 Centre (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 with 30 + customers.
Subex has been awarded the Global Market Share Leader in Financial Assurance 2012 by Frost & Sullivan and has been the winner of Pipeline Innovation Award 2013 in Business Intelligence & Analytics; Capacity Magazine Best Product/ Service 2013. Subex has continued to innovate with customers and have been jointly awarded the Global Telecoms Business Innovation Award 2014 along with Telstra Global; in 2012 with Idea Cellular for Managed Services and in 2011 with Swisscom for Fraud Management.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, 2014
For more information please visit www.subex.com