Subex announces Q3FY24 Results; Reports Quarter-on-Quarter Growth, Attains EBITDA Positivity
7th February 2024, BENGALURU, INDIA – Subex, a telecom AI company enabling connected experiences, today announced its consolidated financial results for the quarter ended December 31, 2023.
Performance Highlights for the quarter ended December 31, 2023, compared to the previous quarter ended September 30, 2023:
- Revenue for the quarter at INR 818 million as against INR 768 million for the quarter ended September 30, 2023.
- EBITDA for the quarter at INR 6 million as against INR (46) million for the quarter ended September 30, 2023.
- Profit after Tax (PAT) for the quarter at INR (49) million as against INR (111) million for the quarter ended September 30, 2023.
Performance Highlights for the nine months ended December 31, 2023, compared to the nine months ended December 31, 2022:
- Revenue for the period ended December 31, 2023, is at INR 2,259 million as against INR 2,314 million for the period ended December 31, 2022.
- EBITDA for the period ended December 31, 2023, is at INR (187) million as against INR 61 million for the period ended December 31, 2022.
- Profit after Tax (PAT) for the period ended December 31, 2023, is at INR (352) million as against INR (40) million for the period ended December 31, 2022.
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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.
Subex has more than 300 installations across 90+ countries. In case of any queries, please reach out to:
| Investor Relations |
| Mr. G V Krishnakanth
Company Secretary 08037451377 |
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