Subex announces FY17 Q1 Results with Revenue of INR 8,334 lacs, EBIDTA of INR 1,549 lacs and PAT of INR 1,818 lacs
BENGALURU, 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, 2016.
Performance Highlights for the quarter ended June 30, 2016:
- Revenue for the quarter at Rs. 8,334 lacs (US$ 12.5 million)
o Up by 13.6% YoY from Rs. 7,337 lacs (US$ 11.6 million) in FY16 Q1
o License & Implementation at 27%, Managed Services at 38% & Support at 35% of the total revenues
- EBIDTA ex forex for the quarter at Rs. 1,549 lacs (US$ 2.3 million)
o Up by 53.1% YoY from Rs. 1,012 lacs (US$ 1.6 million) in FY16 Q1
- Profit after Tax (PAT) for the quarter at Rs. 1,818 lacs (US$ 2.7 million)
o Up by 169.7% YoY from Loss of Rs. 2,608 lacs (US$ -4.1 million) in FY16 Q1
- Order book as at June 30th 2016 stands at Rs. 98,340 lacs (US $ 149 million)
Surjeet Singh, Managing Director & CEO, Subex Limited said, “We have ended the first quarter of FY17 on a positive note, with an achievement of 100% against target we set out to achieve. We have witnessed significant growth in the emerging markets.” With improved performance and cleanup of Balance Sheet, our credit rating has improved. India Ratings and Research (Ind-Ra) has upgraded the ratings on Subex Limited’s bank facilities as follows:
- Fund based limits: upgraded to Long-term ‘IND BBB+’/Stable from ‘IND BBB/Stable‘.
- Non-fund based limits*: upgraded to Short-term ‘IND A2’ from ‘IND A3+
“At Subex, we partner customers for mutual success and are constantly committed to nurture existing relationships and build new ones that enable both parties to excel. We are now very excited and look forward to welcoming our long standing customers and partners to the 13th annual Subex User Conference 2016 at Jaipur, India to be held from 25th to 27th October 2016.”
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 and Capex 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 Center (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 2016 in Security & Assurance and in 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 39 of top 50 telecom operators* and 7 of the world’s 10 largest# telecom companies worldwide. The company has more than 300 installations across 70 countries.
*Telecom Operators 500, 2015
#The World’s Largest Telecom Companies 2015 – Forbes