Subex announces FY20 Q1 Results with Revenue of INR 790 million and EBITDA* of INR 152 million

12TH AUGUST 2019, BENGALURU, INDIA – Subex, a leading telecom analytics solution provider, today announced its consolidated financial results for the year ended June 30, 2019.

Performance Highlights for the quarter ended June 30, 2019:

  • Revenue for the quarter at INR 790 million, up by 4% YoY from INR 759 million in FY19 Q1.
  • EBITDA* for the quarter at INR 152 million, up by 238% YoY from INR 45 million in FY19 Q1.
  • Profit after Tax (PAT) for the quarter at INR 53 million, up by 33% YoY from INR 40 million in FY19 Q1.

Highlights of the Quarter

  • Announced a multi-year partnership with Econet Wireless Zimbabwe to deploy Analytics Centre of Trust
  • Partnered with Telefonica on a new Cybersecurity Venture
  • Collaborated with Town of Florence, Arizona to establish IoT security lab
  • Announced its participation in ITW Global Leaders’ Forum’s Communications Blockchain Network (CBN), a blockchain-based consortium which aims to revolutionize the ICT Service Provider industry’s commercial settlement infrastructure

Vinod Kumar, Managing Director & CEO, Subex said, “In our core telecom analytics product segment, the industry is currently in its consolidation phase, with massive business developments reflecting this. Through the decision to move our products to the next phase of evolution with the infusion of AI/ML, our solutions continue to see demand in the field. This strategy also puts us in the right place to capitalize on opportunities stemming from market dynamics. Further, our newer areas continue to gain traction and we expect to see a noticeable contribution from them to our revenues during the course of the year.”

About Subex

Subex is a pioneer in enabling Digital Trust for businesses across the globe.

Founded in 1992, Subex has spent over 25 years in helping global Communications Service Providers maximize their revenues and profitability.

With a legacy of having served the market through its world-class solutions for business optimization and analytics, Subex is now leading the way by enabling all-round Digital Trust in the business ecosystems of its customers. Focusing on privacy, security, risk mitigation, predictability and confidence in data, Subex helps businesses embrace the disruptive changes in the business landscape and succeed with Digital Trust.

Subex leverages its award-winning product portfolio in areas such as Revenue Assurance, Fraud Management, Network Analytics, and Partner Management, and complements them through its digital solutions such as IoT Security and Insights. Subex also offers scalable Managed Services and Business Consulting services.

Subex has more than 300 installations across 90+ countries.

In case of any queries, please reach out to-

Sandeep Banga
Marketing and Communications
+91 99168 24122
sandeep.banga@subex.com

*EBITDA excludes forex

Subex joins GLF’s (Global Leaders’ Forum) Communications Blockchain Network

Bangalore, 25th June 2019 – Subex today announced that it will be a part of the ITW Global Leaders’ Forum’s Communications Blockchain Network (CBN), a blockchain-based consortium which aims to revolutionize the ICT Service Provider industry’s commercial settlement infrastructure. Through its mission to accelerate the adoption of automated settlement applications, CBN represents an opportunity worth billions to the global industry in terms of costs savings and revenues from new products and services.

The ITW Global Leaders’ Forum is a global network of leaders from the world’s largest International Carriers, who convene to discuss strategic issues and to agree collaborative activities, with the aim of upholding the principle of interoperability and ubiquitous international and technological coverage.

The CBN, which is expected to go live in the coming months, will be governed by a collaborative structure. Besides technology providers like Subex, the platform will see support from 11 leading global carriers to ensure this blockchain-based, special purpose mechanism can become a reality.

Blockchain, or distributed ledger technology (DLT), can provide significant benefits that will transform inter-service provider settlement processes by enabling automation and improving security. DLT-based automation can facilitate carriers to settle new types of traffic, underpinning network and service innovation, and save costs.

The objective for the platform, and the collaborative industry-wide governance framework, is to facilitate development of open-source standards and APIs that enable service-provider interoperability of DLT-enabled services and manage critical infrastructure elements of the platform.

Louisa Gregory, leading the GLF working group on blockchain and Chief of Staff of Colt, said: “For the past 14 months the GLF and its partners have been putting rigour and processes behind this platform and we believe that now is the time to launch. The blockchain-based ecosystem has been tested with resounding success at every stage, and we believe that this platform signals nothing less than the future of ICT financial settlement.”

Vinod Kumar, Managing Director and CEO, Subex said “Digital Trust is increasingly gaining importance in the connected ecosystem and there is an urgent need to simplify inter-service interactions, without diluting the trust within these transactions. This is where technologies like Blockchain can be of great significance. In line with this, Subex is excited to be a part of GLF’s CBN initiative and work together with leading carriers and technology partners towards democratizing trust and simplifying the settlement process by using blockchain”

Rohit Maheshwari, Head of Strategy and Products, Subex adds, “Subex has been at the center of enabling digital businesses to effectively partner and transact with each other. Through the open and secure nature of Blockchain, the potential to fundamentally transform the way digital service providers (DSP) interact with each other is now on the table. Subex’s Blockchain based partner management solution is designed to enable DSPs to innovate, launch new services faster and disrupt markets while ensuring safety and security.

We are also excited about possibility of leveraging Blockchain for use cases beyond partner management to areas with far reaching use cases for establishing Digital Trust. Therefore, we believe being part of a consortium of leaders like GLF will only propel our R&D efforts in Blockchain and help make it a business reality.”

About Subex:

Subex is a pioneer in enabling Digital Trust for businesses across the globe.

Founded in 1994, Subex has spent over 25 years in helping global Communications Service Providers maximize their revenues and profitability.

With a legacy of having served the market through its world-class solutions for business optimization and analytics, Subex is now leading the way by enabling all-round Digital Trust in the business ecosystems of its customers. Focusing on privacy, security, risk mitigation, predictability and confidence in data, Subex helps businesses embrace the disruptive changes in the business landscape and succeed with Digital Trust.

Subex leverages its award-winning product portfolio in areas such as Revenue Assurance, Fraud Management, Network Analytics, and Partner Management, and complements them through its digital solutions such as IoT Security and Insights. Subex also offers scalable Managed Services and Business Consulting services.

Subex has more than 300 installations across 90+ countries.

In case of any queries, please reach out to-
Sandeep Banga
Marketing and Communications
+91 99168 24122
sandeep.banga@subex.com

– Ends –

Subex Announces FY19 Results with Consolidated Revenue of INR 3,481 million and EBITDA* of INR 514 million

13TH MAY 2019, BENGALURU, INDIA – Subex, a leading telecom analytics solution provider, today announced its consolidated financial results for the year ended March 31, 2019.

Performance Highlights for the year ended March 31, 2019:

  • Revenue for the year at INR 3,481 million as against INR 3,243 million in FY18, up by 7.3%.
  • EBITDA* for the year at INR 514 million as against INR 508 million in FY18, up by 1.1%.
  • Profit after Tax (PAT) for the year at INR 252 million as against INR 207 million in FY18, up by 21.7%.

Performance Highlights for the quarter ended March 31, 2019:

  • Revenue for the quarter at INR 1,019 million as against INR 823 million in FY19 Q3, up by 23.8%
  • EBIDTA* for the quarter at INR 269 million as against INR 76 million in FY19 Q3, up by 254%.
  • Profit after Tax (PAT) for the quarter at INR 129 million as against INR 21 million in FY19 Q3, up by 514%. 

Highlights of the Year

  • Announced the launch of multi-vertical anomaly detection solution, CrunchMetrics with a market potential of $2.25B
  • Won multi-million-dollar contract from Optus to deploy its ROC Network Asset Management solution
  • Announced a multi-year partnership with Econet Wireless Zimbabwe to deploy Analytics Centre of Trust
  • Announced a 5-Year multi-million-dollar partnership with BTC to implement Integrated Revenue Assurance & Fraud Management, Partner Settlement, and Route Optimization solutions
  • Partnered with Telefonica on a new Cybersecurity Venture
  • Announced partnership with Town of Florence, Arizona to cyber-secure critical infrastructure
  • Awarded IoT Security Platform of the Year by Compass Intelligence
  • Awarded three Pipeline Awards for the Big Data & Analytics, Managed Services and Security & Assurance categories
  • Launched next-gen digital fraud prevention solution to help telcos proactively deal with existing and emerging fraud types

Appointments

  • Appointment of Mr. George Zacharias as an Independent & Non-Executive Director of the Company with effect from May 13, 2019 

Vinod Kumar, Managing Director & CEO, Subex said, “This has been a year of moving from stability to growth phase for Subex. FY19 has been a successful year both from a strategy and execution perspective where we met expectations.

We started off the year by defining a 3-Horizon strategy with an objective to be the pioneers in Digital Trust across multiple verticals. We have reinvigorated our core offerings in Horizon 1 with the infusion of AI/ML, empowering our customers to embrace digital disruption. This has enabled us to significantly improve our competitive advantage and perform well on our core areas, thereby providing us the necessary platform to pursue newer growth areas. We have also successfully achieved targets that we had set for ourselves in the new offerings in Horizon II like IoT Security and Analytics, and the demand in these areas continues to grow. Further in line with our Horizon III plans, we launched CrunchMetrics, which has opened a huge addressable market for us. Both Horizon II and III offerings allow us to adopt subscription-based revenue models that presents us with exponential growth opportunities.

I am happy to state that all these efforts have resulted in us securing a 30% increase in new business acquisition over last year and thereby providing the necessary impetus for a stronger FY 20. Digital trust is emerging as a key pillar of digital economy and being a major player in this space will help in significant value creation for all our stake holders in the coming years

Mr. Anil Singhvi, Chairman, said “It gives me great pleasure to welcome Mr. George Zacharias as an Independent & Non-Executive Director. George is a very experienced business leader and we are extremely pleased to have someone of his caliber and expertise join our Board. On behalf of the board and everyone at Subex, I would like to welcome George to the Subex family.”

About Subex

Subex is a pioneer in enabling Digital Trust for businesses across the globe.

Founded in 1992, Subex has spent over 25 years in helping global Communications Service Providers maximize their revenues and profitability.

With a legacy of having served the market through its world-class solutions for business optimization and analytics, Subex is now leading the way by enabling all-round Digital Trust in the business ecosystems of its customers. Focusing on privacy, security, risk mitigation, predictability and confidence in data, Subex helps businesses embrace the disruptive changes in the business landscape and succeed with Digital Trust.

Subex leverages its award-winning product portfolio in areas such as Revenue Assurance, Fraud Management, Network Analytics, and Partner Management, and complements them through its digital solutions such as IoT Security and Insights. Subex also offers scalable Managed Services and Business Consulting services.

Subex has more than 300 installations across 90+ countries.

In case of any queries, please reach out to-

Sandeep Banga
Marketing and Communications
+91 99168 24122
sandeep.banga@subex.com

*EBITDA excludes forex

Telefónica To Partner with Subex On New Cybersecurity Venture

  • The IoT Cybersecurity Unit brings together the company’s excellent cybersecurity and IoT capabilities to create new solutions and adapt its current security offerings to the needs of various segments
  • It will provide a solution in collaboration with Subex for analysing IoT traffic on networks and detecting threats.

LONDON, UK, 11 APRIL 2019 – Subex, a leading security solution and telecom analytics provider announced its partnership with Telefónica on a new cybersecurity venture focussing on IoT Security. This collaboration will be realised through a new cybersecurity unit recently launched by Telefónica.

As the number of devices connected to the internet grows exponentially, the risks associated with them also grows in parallel. To address these threats and to promote IoT implementation, Telefónica has launched this initiative with a twofold objective. On the one hand, this unit will strive to expand the existing catalogue of IoT products and services offered to customers and, on the other hand, to develop new IoT security solutions to cater to the existing and emerging threats faced by businesses deploying IoT. This unit will leverage Telefónica’s existing network infrastructure and the Kite Platform, an IoT connectivity management platform that allows businesses to improve efficiencies while reducing costs.

As part of the new solutions developed by this new initiative, Telefónica, via its ElevenPaths cybersecurity unit, has expanded its collaboration with Subex, with whom it already offers a Fraud Management as-a-service solution (FMaaS). The new scope of collaboration extends to analysis of the data traffic generated by IoT devices, and detection of specific threats in this field.

Considering many IoT devices have limited capabilities in terms of having in-built software to protect them, the offer of cybersecurity solutions embedded within the network and traffic is a differential factor. Subex’s IoT-specific platform is capable of analysing traffic by applying machine-learning algorithms, generating an alert every time it detects a threat that jeopardizes cybersecurity of the IoT device.

“Cybersecurity has become one of the companies’ priorities. We are seeing the emergence of a culture around security that is sensitive to processes, strategies and methods designed to minimize risks while increasing value. This collaboration with Subex represents a step forward in our strategy of helping companies protect their investments, assets, and credibility”, said Pedro Pablo Pérez, CEO of ElevenPaths and VP of Global Security at Telefónica.

“This agreement will add a new dimension to our existing relationship by enabling us to work together towards securing the IoT ecosystem”, indicated Vinod Kumar, Managing Director and CEO, Subex. “Amidst all kinds of attacks by cybercriminals and other groups, we want to protect the ecosystem and ensure that IoT projects deliver value. I am confident that IoT businesses will derive significant benefits from our joint efforts”.

Together with the detection of threats in IoT, the IoT Cybersecurity Unit will also offer management of secure credentials for devices and DNS security. In addition, it has adapted part of its catalogue of generic cybersecurity solutions to IoT, such as SandaS for the management of GRC (Governance, Risk, and Compliance) capacities, or CyberThreats for the early detection and identification of Internet threats.

About ElevenPaths

At ElevenPaths, Telefónica Cyber Security Unit, we believe in the idea of challenging the current state of security, an attribute that must always be present in technology. We’re always redefining the relationship between security and people, with the aim of creating innovative security products which can transform the concept of security, thus keeping us one step ahead of attackers, who are increasingly present in our digital life.

More information: www.elevenpaths.com   blog.elevenpaths.com

Twitter , Facebook, YouTubeLinkedIn

About Telefónica IoT

Telefónica IoT is the Internet of Things global department at Telefónica, dedicated to developing and implementing IoT solutions in all industry segments. It offers its clients global end-to-end solutions around the world with the very best connectivity and is available in all countries via its presence there or via roaming agreements and partnerships.  Some of the main business areas covered by Telefónica IoT include Smart Mobility, Smart Retail and Smart Energy.

For more information about Telefónica IoT, visit iot.telefonica.com  or follow us on twitter @telefonicaIoT or on LinkedIn.

About Subex

Subex is a leading software solutions provider, working towards enabling a secure digital future for businesses.

Founded in 1992, Subex has spent over 25 years in enabling 3/4th of the largest 50 CSPs globally achieve competitive advantage. Through its Internet of Things security offerings including an IoT Security solution, VAPT, managed services and consulting services, Subex helps businesses operate with the highest levels of assurance while securing their infrastructure from cyberattacks, malware and other threats.

Subex today operates one of the largest Honeypot networks in the world across over 60 cities around the world.

Subex has more than 300 installations across 90+ countries.

Visit safeandsecureiot.com or connect with us on twitter or Linkedin for more information.

In case of any queries, please reach out to-

Sandeep Banga
Marketing and Communications
+91 99168 24122
sandeep.banga@subex.com

-END-

Subex announces FY19 Q3 Results with Consolidated Revenue of INR 8,228 lacs and EBIDTA* of INR 757 lacs

29TH JANUARY 2019, BENGALURU, INDIA – Subex, a leading telecom analytics solution provider, today announced its consolidated financial results for the year ended December 31, 2018.

Performance Highlights for the quarter ended December 31, 2018:

  • Revenue for the quarter at INR 8,228 lacs as against INR 8,806 lacs in FY19 Q2
  • Revenue for the 9 months ending 31st Dec 2018 at INR 24,625 lacs as against INR 24,367 for 9 months ending 31st Dec 2017.

Profitability

  • EBIDTA* for the quarter at INR 757 lacs as against Rs. 1,236 lacs in FY19 Q2
  • Profit after Tax (PAT) for the quarter at INR 206 lacs as against Rs. 631 lacs in FY19 Q2

Highlights of the Quarter

  • Announced the launch of a new brand, CrunchMetrics which is a division of Subex Digital LLP, a wholly owned subsidiary of Subex Limited. CrunchMetrics is an AI based anomaly detection system designed to help organizations discover business opportunities and mitigate risks in real-time. The solution is vertical agnostic and has a wide range of use cases for Telecom, Retail and FinTech verticals at launch
  • Launched next-gen fraud prevention solution to help telcos proactively deal with existing and emerging fraud types like digital fraud.

Vinod Kumar, Managing Director & CEO, Subex said, “In line with our Subex 3.0 strategy, the third quarter of FY19 marked our entry into newer verticals through the launch of CrunchMetrics. Additionally, we continue to expand our capabilities on IoT Security and have now expanded it to cover the needs of Oil and Gas and logistics verticals. These have helped us to forge new partnerships that will play a crucial role in our future growth. We will continue to invest in these new high growth areas.

On our core area we have brought about a paradigm shift in managing fraud and risk in digital ecosystem by enhancing our fraud management solution with new digital fraud management capabilities. From a business perspective, the order booking for the quarter was in line with our expectations. However, some of these new deals did not see revenue conversion in the quarter and the same will be reflected in the subsequent quarter.”

About Subex

Subex is a leading telecom analytics solutions provider, enabling a digital future for global telcos.

Founded in 1992, Subex has spent over 25 years in enabling 3/4th of the largest 50 CSPs globally achieve competitive advantage. By leveraging data which is gathered across networks, customers, and systems coupled with its domain knowledge and the capabilities of its core solutions, Subex helps CSPs to drive new business models, enhance customer experience and optimise enterprises.

Subex leverages its award-winning product portfolio in areas such as Revenue Assurance, Fraud Management, Asset Assurance and Partner Management, and complements them through its digital solutions such as IoT Security and Insights. Subex also offers scalable Managed Services and Business Consulting services.

Subex has more than 300 installations across 90+ countries.

In case of any queries, please reach out to-

Sandeep Banga
Marketing and Communications
+91 99168 24122
sandeep.banga@subex.com

Subex announces FY19 Q2 Results with Revenue of INR 8,806 lacs and EBIDTA of INR 1,519 lacs

BENGALURU, INDIA – Subex, a leading telecom analytics solution provider, today announced its financial results for the year ended September 30, 2018.

  • Performance Highlights for the quarter ended September 30, 2018:
  • Revenue for the quarter at INR 8,806 lacs
    • Up by 9% YoY from INR 8,106 lacs in FY18 Q2
  • Profitability
    • EBIDTA for the quarter at INR 1,519 lacs which is more than double of INR 740 lacs in FY18 Q2
    • Profit after Tax (PAT) for the quarter at INR 631 lacs which is more than double of INR 304 lacs in FY18 Q2
  • Highlights of the Quarter
    • Town of Florence, Arizona, USA has chosen Subex to cybersecure their critical public infrastructure. When Florence launches its smart cities project, Subex will continue to be the cybersecurity partner for all projects coming under the plan.
    • Launched new products such as SIP Security, Machine Learning infused Fraud Management solutions (SIM Box and IRSF), and Analytics Center of Trust (ACT)
    • Increased visibility around IoT Security in key markets through partnerships and participation in summits such as Singapore Cyber Security Week and Mobile World Congress Americas.
  • Key Appointments
    • G S Venkatraman appointed as Chief Financial Officer effective 30th November 2018. Venkatraman joins Subex from Mindtree where he was the Financial Controller. He has over 20+ years of experience across all facets of the Finance function
    • Shankar Roddam appointed as Chief Operating Officer w.e.f. December 5th, 2018. Shankar, a veteran of 22 years, returns to the company for a second stint from Plivo. Previously, Shankar worked with Subex for 10 years where he was part of the Executive team in the capacity of Head – Emerging Markets and played a key role in establishing and setting up the Sales and Channel network in emerging markets. He also played an instrumental role during the initial growth phase of Subex. Shankar brings with him extensive international experience and the ability to scale businesses in highly competitive environments in the SaaS space

Vinod Kumar, Managing Director & CEO, Subex Limited said, “Every organization today has started on their digital transformation journey in some form or the other. To drive real business value from this transformation, these organizations require the support of strong technology partners to provide innovative solutions. Riding this wave of demand, we are pleased to have ended this quarter on a strong note, having achieved our targets. We closed a number of new marquee customer wins and witnessed good traction from the APAC, MENA, and Africa markets.

On the product front, we are continuing to see good traction for our cutting-edge IoT Security solution portfolio and closed our first smart city deal with the Town of Florence, Arizona. We also launched new products like Machine Learning infused Fraud Management solutions (specifically towards SIM Box and IRSF) and analytics solution called ACT (Analytics Centre of Trust). We as a company are continuously evolving to meet our customer’s need and hence It is critical to strengthen our talent pool. We are focussing on hiring the best talent available in the market and deploying training programmes to upskill our current employees. Another positive sign of the great work we are doing is that several ex-Subexians are returning to be part of this exciting journey we have undertaken.”

– Ends –

About Subex

Subex is a leading telecom analytics solutions provider, enabling a digital future for global telcos.

Founded in 1992, Subex has spent over 25 years in enabling 3/4th of the largest 50 CSPs globally achieve competitive advantage. By leveraging data which is gathered across networks, customers, and systems coupled with its domain knowledge and the capabilities of its core solutions, Subex helps CSPs to drive new business models, enhance customer experience and optimise enterprises.

Subex leverages its award-winning product portfolio in areas such as Revenue Assurance, Fraud Management, Asset Assurance and Partner Management, and complements them through its digital solutions such as IoT Security and Insights. Subex also offers scalable Managed Services and Business Consulting services.

Subex has more than 300 installations across 90+ countries.

Subex Ltd. Schedules Investor Conference Call to Review FY19 Q1 Results on 1st August 2018

BANGALORE, INDIA – Subex (NSE: SUBEX) has released its financial results for Q1 FY19 ended June 30, 2018 on Tuesday, July 31, 2018. The details of the announcement are available here – https://bit.ly/2mYENbA

Subex will host an investor conference call at 4:30 p.m. IST on August 1, 2018 to discuss the results for the first quarter. Vinod Kumar, Managing Director and CEO will preside over the call.

To listen to the conference call and to ask questions, investors may dial into the following numbers:

Day, Date: Wednesday, 1st August 2018

Time: 4:30 PM

Universal Access:   +91 22 6280 1348 | +91 7115 8078

Local Access (Available all over India):   +91 7045671221

– Ends –

About Subex

Subex is a leading telecom analytics solutions provider, enabling a digital future for global telcos.

Founded in 1992, Subex has spent over 25 years in enabling 3/4th of the largest 50 CSPs globally achieve competitive advantage. Subex helps CSPs to drive new business models, enhance customer experience and optimise enterprises.

Subex leverages its award-winning product portfolio in areas such as Revenue Assurance, Fraud Management, Asset Assurance and Partner Management, and complements them through its digital solutions such as IoT Security and Insights. Subex also offers scalable Managed Services and Business Consulting services.

Subex has more than 300 installations across 90+ countries.

Vinod Kumar appointed as new CEO of Subex Limited

The Board of Subex Ltd, a leading global provider of Business Support Systems (B/OSS) for Communications Service Providers, has today appointed Mr. Vinod Kumar as Managing Director and CEO of the Company effective 1st April 2018, on expiry of the term of Mr. Surjeet Singh. Vinod has been Subex’s Chief Operating Officer since 2013 and is also a member of the board.

Mr. Anil Singhvi, Chairman said “We are excited to appoint Vinod as the next CEO of Subex. We’ve selected a strong leader from within at a time when Subex is in a very stable position. Having spent more than 20 years at Subex, Vinod knows well its’ ecosystem and is a champion of the culture and ethos of Subex and has an ability to inspire, energize, and connect with customers, employees and other stake holders. This, combined with his ability to strategize and execute, is what Subex needs as we enter the next chapter of growth and will move the company forward with the speed required to capitalize on the opportunities in front of us”.

Vinod Kumar joined Subex in 1997 and was part of the team that created software business at Subex and was instrumental in creating the sales and marketing channels that has become a great strength of Subex. He moved quickly through the company’s rank and most recently served as Chief Operating Officer of Subex and is also a member of its board. In his role as COO he led the worldwide operations covering portfolio development, business acquisition and fulfilment. He has helped lead and execute many of the company’s new initiatives including managed services which accounts for over 25% of the current revenues at Subex.

On this occasion Vinod Kumar said “I am honoured to lead Subex, as we take our next step towards making Subex a growing, profitable and sustainable company. Over the last 25 years, we have emerged as a global leader in the revenue and capex management space within the Telco segment, saving millions of dollars for our customers. The increasing adoption of digitization and IoT expands the market that we operate and make it extremely exciting. The opportunity that lies ahead for Subex is enormous and the ability to lead it to the next phase is deeply humbling and exhilarating. Our global customer base and a set of extremely committed Subexians gives me the confidence that we have a great future ahead”.

In expressing its appreciation to Mr. Surjeet Singh, the board of directors recognized his contribution towards bringing stability at Subex and turning it profitable.  “Subex is stronger and sustainable company following Surjeet’s over five-year tenure as MD and CEO” added Mr.Singhvi. “Surjeet personified strong leadership, by challenging the status quo and tackling complex issues at a very critical stage of the company.   We wish Surjeet success in his future endeavours.”

About Subex

Subex Ltd. is a leading telecom analytics solutions provider, enabling a digital future for global telcos. Founded in 1992, Subex has spent over 25 years in enabling 3/4th of the largest 50 CSPs to globally achieve competitive advantage. By leveraging data gathered across networks, customers, and systems coupled with its domain knowledge and the capabilities of its core solutions, Subex helps CSPs to drive new business models, enhance customer experience and optimise enterprises.

Visit www.subex.com for more information

Subex announces FY18 Q3 Results with Revenue of INR 8,643 lacs and EBIDTA of INR 1,745 lacs at 20%

BENGALURU, INDIA – Subex Ltd, a leading telecom analytics solution provider, today announced its financial results for the quarter ended December 31, 2017.

  • Performance Highlights for the quarter ended December 31, 2017:
  • Revenue for the quarter at Rs. 8,643 lacs
    • Up by 7% QoQ from Rs.8,106 lacs in FY18 Q2
    • License & Implementation at 36%, Managed Services at 32% & Support at 32% of the total revenues
  • Profitability
    • EBIDTA ex-forex for the quarter at Rs. 1,745 lacs up by 57% from Rs. 1,112 lacs in FY18 Q2
    • Profit after Tax (PAT) for the quarter at Rs. 361 lacs up by 19% from 304 lacs in FY18 Q2
  • Highlights of the quarter
    • Subex secured a multi-million-dollar deal with a tier 1 Group having telecom operations in Middle East and Africa to implement its Business & Application Managed Services.
    • Successfully renewed existing Group Framework Agreement (GFA) with a leading African telecommunications company for its ROC Revenue Assurance and ROC Fraud Management Solutions for 5 years.
    • A leading Latin American telecommunications company has contracted Subex to implement Subex’s Integrated ROC Revenue Assurance & ROC Fraud Management platform, across their fixed line, mobile and enterprise businesses.
    • Shortlisted for Aegis Graham Bell Awards 2017 for Analytics and Managed Services, and for Converge 2018 Awards for Analytics

Surjeet Singh, Managing Director & CEO, Subex Limited said, “We have ended the third quarter positively with increased EBITDA and Profit after Tax. The quarter has witnessed the closure of a few significant deals and we have also made strides towards improving our products to help CSPs handle the newer challenges that come with digital transformation. We look forward to showcasing our IoT Security and Analytics solutions along with our flagship offerings such as ROC Revenue Assurance, ROC Fraud Management, ROC Partner Settlement and ROC Network Asset Management at MWC 2018.”

– Ends –

About Subex

Subex Ltd. is a leading telecom analytics solutions provider, enabling a digital future for global telcos.

Founded in 1992, Subex has spent over 25 years in enabling 3/4th of the largest 50 CSPs globally achieve competitive advantage. By leveraging data which is gathered across networks, customers, and systems coupled with its domain knowledge and the capabilities of its core solutions, Subex helps CSPs to drive new business models, enhance customer experience and optimise enterprises.

Subex leverages its award-winning product portfolio in areas such as Revenue Assurance, Fraud Management, Asset Assurance and Partner Management, and complements them through its digital solutions such as IoT Security and Insights. Subex also offers scalable Managed Services and Business Consulting services.

Subex has more than 300 installations across 90+ countries.

Subex announces FY18 Q2 results with Consolidated revenue of Rs.8,106 lacs and EBIDTA of Rs. 1,112 lacs

BENGALURU, INDIA – Subex Ltd, a leading telecom analytics solution provider, today announced its financial results for the quarter ended September 30, 2017.

  • Performance Highlights for the quarter ended September 30,2017:
  • Revenue for the quarter at Rs.8,106 lacs
    • Up by 6% QoQ from Rs.7,618 lacs in FY18 Q1
    • License & Implementation at 33%, Managed Services at 33% & Support at 34% of the total revenues
  • Profitability
    • EBIDTA ex-forex for the quarter at Rs.1,112 lacs up by 17% from Rs. 954 lacs in FY18 Q1
    • Profit after Tax (PAT) for the quarter at Rs.304 lacs upfrom loss of Rs.101 lacs in FY18 Q1
  • Highlights of the quarter
    • Won a multi-million dollar deal with a leading APAC telecom operator to implement its ROC Asset Assurance Solution for Capex Optimization and managing the lifecycle of its network assets.
    • Pioneered Real Time Revenue Assurance by deploying the largest implementation for Real-time Revenue Assurance for a top-tier Indian telecom service provider through its ROC Revenue Assurance solution.
    • Won a multi-million dollargroup deal with a leading European TV and broadbandprovider which has got operation across multiple European countries to deploy its ROC Partner Settlement managed services.
    • Launched Subex Consulting and Advisory Services, blending strategy and execution to deliver business assurance for global telecom operators, specifically around the domains such as risk, margin, maturity and transformation.
    • Successfully hosted the 14th edition of the Subex User Conference in Zagreb, Croatia on 24th– 25th October 2017. The theme of the conference was “Digitalisation: Mirroring Opportunities with Reality”, and focused around implementation and operational aspects of digital transformation. The conference witnessed the participation from 100+ delegates from leading telcos across the globe.
    • Launch its new website https://subex.com/ in line with its repositioning towards being an analytics solution provider. The new website represents Subex 3.0 messaging: “Drive New Business Models, Enhance Customer Experience and Optimize Enterprise

Surjeet Singh, Managing Director & CEO, Subex Limited said, “The quarter ended on a positive note wherein we were successfully able to close a number of large multi-dollar deals. This achievement has certainly reflected in the results for this quarter, where we have seen an improved growth rate with an increased EBITDA as well as Profit after Tax. The positive results are also on the back of a very successful User Conference which played an excellent platform for us to connect with our customers and understand the challenges they face in the digital era.”

We continue to make necessary investments in our portfolio, people and processes to augment our competitive edge to partner with our customers in digital future. Our recently concluded customer conference reinforced our Strategic agenda of standing for driving new businesses for our customers and enhance and optimize current enterprise. I am confident that our initiatives will yield results in midterm even as short term deflationary challenges and increased cycle times are headwinds in short term.

-ENDS-

About Subex

Subex Ltd. is a leading telecom analytics solutions provider, enabling a digital future for global telcos.

Founded in 1992, Subex has spent over 25 years in enabling 3/4th of the largest 50 CSPs globally achieve competitive advantage. By leveraging data which is gathered across networks, customers, and systems coupled with its domain knowledge and the capabilities of its core solutions, Subex helps CSPs to drive new business models, enhance customer experience and optimise enterprises.

Subex leverages its award-winning product portfolio in areas such as Revenue Assurance, Fraud Management, Asset Assurance and Partner Management, and complements them through its digital solutions such as IoT Security and Insights. Subex also offers scalable Managed Services and Business Consulting services.

Subex has more than 300 installations across 90+ countries.

Press & Analyst Contact

Sandeep Banga
E-mail : sandeep.banga@subex.com
Mobile : +91-9916824122