Subex announces FY19 Q1 Results with Revenue of INR 7,591 lacs and EBIDTA of INR 448 lacs

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

  • Performance Highlights for the quarter ended June 30, 2018:
  • Revenue for the quarter at Rs.7,591 lacs
    • Down by 0.3% YoY from Rs. 7,618 lacs in FY18 Q1
    • License & Implementation at 26%, Managed Services at 40% & Support at 34% of the total revenues
  • Profitability
    • Profit after Tax (PAT) for the quarter at Rs. 395 lacs up from loss of Rs. 101 lacs in FY18 Q1
    • EBIDTA ex forex for the quarter at Rs. 448 lacs down from Rs. 954 lacs in FY18 Q1
  • Highlights of the Quarter
    • Won multi-million-dollar contract from Optus to deploy its ROC Network Asset Management solution
    • Announced the collaboration with a large automobile Original Equipment Manufacturer (OEM) to provide cutting-edge security solution to secure Connected Car Domains
    • India Ratings and Research (Ind-Ra) has affirmed Subex Limited’s Long-Term Issuer Rating at ‘IND A-/Stable’
  • Awards Won
    • Recognised by Pipeline Publishing for innovation in three categories: Big Data & Analytics, Managed Services and Security & Assurance

Vinod Kumar, Managing Director & CEO, Subex Limited said, “The results for the first quarter of FY19 are in line with our expectations. Historically Q1 revenues have been lower than average quarterly revenues, and we expect the revenues to grow in the coming quarters.

From a new business acquisition perspective, we witnessed a strong quarter and secured several long-term Managed Services contracts. Our IoT Security offering continues to see positive traction, with us acquiring more partnerships in the domain.”

– 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 Fiscal Year 2017 Results on 26th May, 2017

BANGALORE, INDIA – Subex Ltd. (NSE: SUBEX) has released its financial results for the fourth quarter and full fiscal year ended March 31, 2017 on Thursday, May 25, 2017. The details of the announcement can be found – http://bit.ly/2r3p91U

Subex will host a conference call at 3:30 p.m. IST on May 26, 2017 to discuss the results for the fourth quarter and full fiscal year. Surjeet Singh, Managing Director and CEO will participate on the call.

To listen to the conference call and in order to ask questions, investors may call the following numbers:

  • India (Toll-Free): 0008001006004
  • India (Other): +91 4466886036
  • Singapore (Toll-Free): 18005792877
  • Singapore (Other): 64944159
  • UK (Toll-Free): 08004960580
  • UK (Other): 02079040085

The Access Code is 6598870

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About Subex Limited

Subex Limited, a leading global provider of Business and Operations Support Systems (B/OSS) 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.

Subex operates out of India, US, UK, UAE, and Singapore.

Subex announces FY17 Results with Revenue of INR 35,733 lacs up 10%, EBIDTA of INR 8,211 lacs up 14%

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 year ended March 31, 2017.

  • Performance Highlights for the year ended March 31, 2017:
  • Revenue for the year at Rs.35,733 lacs
    • Up by 10.8% YoY from Rs.32,246 lacs in FY16
  • License & Implementation at 35%, Managed Services at 33% & Support at 32% of the total revenues
  • Profitability
    • EBIDTA ex forex for the year at Rs. 8,211  lacs up by 14% YoY from Rs. 7,225 lacs
    • Profit after Tax (PAT) excluding exceptional items for the year at Rs. 6,567 lacs against loss after tax of Rs. (960) lacs in FY16
  • Highlights of the year
    • Awarded a new multi-million dollar 5-year Framework Contract with BT
    • Selected by Swan Mobile, a.s. to provide ROC Fraud Management Solution
  • Key Appointments
    • Mr. Anil Singhvi appointed as Chairman of the Company w.e.f. 25th May, 2017
    • Mr. Vinod Kumar Padmanabhan, Chief Operating Officer and Mr. Ashwin Chalapathy, Chief Technology Officer and Head of Service Delivery, Subex Ltd. appointed as Whole Time Directors (WTD) w.e.f. 25th May, 2017

Surjeet Singh, Managing Director & CEO, Subex Limited said, “The Company achieved industry leading growth rate during the year with improved operational profitability through concerted efforts in the market place and internal operations.  We have also successfully completed the balance sheet restructuring of the company and are debt free. As the business of our customer continue to change we at the forefront in making necessary investments in our portfolio ahead of time to innovate with them .

– Ends –

About Subex Limited

Subex Limited, a leading global provider of Business and Operations Support Systems (B/OSS) 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.

Subex operates out of India, UK, UAE, and Singapore.

Subex announces FY17-Q3 Results with Revenue of INR 9,578 lacs, up 15% QoQ, and PAT of INR 2,255 lacs up 131% QoQ

MUMBAI, INDIASubex Ltd, a leading global provider of Business and Operations Support Systems (B/OSS) for Communications Service Providers, today announced its financial results for the third quarter ended December 31, 2016.

    • Performance Highlights for the quarter ended December 31, 2016:
      Revenue for the quarter at Rs. 9,578 lacs (US$ 14.2 million)
      o Up by 15.0% QoQ from Rs.8,336 lacs (US$ 12.4 million) in FY17 Q2
      o License & Implementation at 39%, Managed Services at 30% & Support at 31% of the total revenues
    •  EBIDTA ex forex for the quarter at Rs. 2,446 lacs (US$ 3.6 million)
      o Up by 71.3% QoQ from Rs. 1,428 lacs (US$ 2.1million) in FY17 Q2
    • Operating Profit ex-forex for the quarter at Rs. 2,635 lacs (US$ 3.9 million)
      o Up by 73.1 % QoQ from Rs. 1,522 lacs (US$ 2.3 million) in FY17 Q2
    • Profit after Tax (PAT) for the quarter at Rs. 2,255 lacs (US$ 3.4 million)
      o Up by 131 % QoQ from Rs. 974 lacs (US$ 1.5 million) in FY17 Q2

 The company won two large long term managed services contracts from global telcos for multi-property offerings for its assurance and partner management suit of offerings.

 The contracted book of business improved to ~ US $ 140 million while the total pipeline increased to ~ US$ 230 million.

Surjeet Singh, Managing Director &CEO, Subex Limited said, “We have ended the third quarter on a positive note with an increased EBITDA as well as Profit after Tax. We continue to see improved traction for our transformational digital offerings in partnering with our customers to drive new business models, enhance customer experience and provide assurance.”

– Ends –

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 optimisation 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 Carriers World Awards 2015 for Best Security/Fraud solution, Telecoms Award 2015 for Advances in B/OSS, 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 in 2016 with BTC Botswana; in 2015 with Mobily; in 2014 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

For more information please visit www.subex.com

Subex announces FY17 Q2 Results with Revenue of INR 8,336 lacs, EBIDTA of INR 1,428 lacs and PAT of INR 974 lacs

MUMBAI, 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 second quarter ended September 30, 2016.

Financial highlights for the quarter ended September 30, 2016:

  • Revenue for the quarter at Rs. 8,336 lacs (US$ 12.4 million)
    • Up by 5.1% YoY from Rs. 7,928 lacs (US$ 12.3 million) in FY16 Q2
  • License & Implementation at 30%, Managed Services at 36% & Support at 34% of the total revenues
  • EBIDTA ex forex for the quarter at Rs. 1,428 lacs (US$ 2.1 million)
    • Down by 14.1% YoY from Rs. 1,663 lacs (US$ 2.6 million) in FY16 Q2
  • Operating Profit ex-forex for the quarter at Rs. 1,331 lacs (US$ 2.0 million)
    • Down by 15.8 % YoY from Rs. 1,558 lacs (US$ 2.4 million) in FY16 Q2
  • Profit after Tax (PAT) for the quarter at Rs. 974 lacs (US$ 1.5 million)
    • Up by 191.7% YoY from loss of Rs. (1,062) lacs (US$ -1.6 million) in FY16 Q2

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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 optimisation 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 Carriers World Awards 2015 for Best Security/Fraud solution, Telecoms Award 2015 for Advances in B/OSS, 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 in 2016 with BTC Botswana; in 2015 with Mobily; in 2014 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

For more information please visit www.subex.com

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

Subex announces FY16 Results with PAT of Rs. 58.72 cr and successful conversion of FCCB Debt into Equity

BENGALURU, INDIASubex Ltd, a leading global provider of Business and Operations Support Systems (B/OSS) for Communications Service Providers, today announced its financial results for the year ended March 31, 2016.

FCCB conversion

Out of the total outstanding of Rs. 492 cr, Rs. 447 cr bonds have been converted to equity, thereby reducing the long term debt to insignificant levels.
On account of this conversion interest of Rs. 104 cr which was provided is now reversed, since it is no longer payable. Post the conversion the net worth of the company on consolidated basis is Rs. 727 cr as against Rs. 209 cr as at year end March 31, 2015.

Performance Highlights for the year ended March 31, 2016:

Revenue

Revenue for the year at Rs. 32,335 lacs
Major thrust on Managed Services over the last few years growing from under 15% to above 35% to create sustainable platform based services with long term contracts.

New Business / Order booking

US$ 51million of new business won in FY16 as against US$ 45 million in FY15. Contracted revenue stands at all time high of US$140 million aided by long term Managed Services contracts.
New initiatives launched for platform based Analytics Services and IOT Security

Profitability

EBIDTA ex forex for the year at Rs. 7,247 lacs
Profit after Tax (PAT)  after exceptional items for the year at Rs. 5,872 lacs

Surjeet Singh, Managing Director & CEO, Subex Limited said, “I am pleased to report that with relentless efforts over the last couple of years under the sound guidance of the board, Subex has been able to convert majority of its FCCB debt into equity. With this, the long term debt overhang and related interest cost on the balance sheet of the company is substantially removed. This was a complex process and is a significant milestone for future of Subex as this shall provide much needed avenues for investments in the core business and enable long term growth and enhance shareholder value.

During the year we made good progress in achieving higher new business intake. We have also made progress in transitioning the business model to platform based managed services with over 50 percent of incremental business now from this segment. This has resulted in all time high constructed book of business with increased multi-year contracts. Our platform based analytics service ROC Insights, was well received by our key customers as we foray into making Subex a partner of choice for decision support services of our clients, he added.”

About Subex

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

Subex announces FY16 Q3 Results

MUMBAI, 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 third quarter ended December 31, 2015.

Performance Highlights for the quarter ended December 31, 2015:

  • Revenue for the quarter at Rs. 8,083 lacs (US$ 12.3 million)
    • Up by 1.6% QoQ from Rs. 7,954 lacs (US$ 12.3 million) in FY16 Q2
    • License & Implementation at 28%, Managed Services at 37% & Support at 35% of the total revenues
  • EBIDTA ex forex for the quarter at Rs. 1,757 lacs (US$ 2.7 million)
    • Up by 2.9% QoQ from Rs. 1,707 lacs (US$ 2.6 million) in FY16 Q2
  • Operating Profit ex-forex for the quarter at Rs 1,647 lacs (US$ 2.5 million)
    • Up by 2.8 % QoQ from Rs. 1,602 lacs (US$ 2.5 million) in FY16 Q2
  • Profit after Tax (PAT) for the quarter at Rs. 5,938 lacs (US$ 9.0 million)
    • Up by 280.6 % QoQ from Rs. 1,560 lacs (US$ 2.4 million) in FY16 Q2

Surjeet Singh, Managing Director & CEO, Subex Limited said, “After lot of diligent and hard work we have been able to restructure and clean up the company’s balance sheet and that process is now largely complete. This opens up further avenues for the company to invest for the future and improve its competitive positioning and advantage. As the industry continues to focus on efficiency and our customer optimize on capital spending, the prospects and opportunities for Subex with its portfolio investments are bright. We will continue to invest and innovate for future strengthen ourselves as thought leaders and premium providers of telecom analytics and insight providers.”

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 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 in 2015 with Mobily; in 2014 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

Subex announces FY16 Q2 Results with Revenue of US$ 12.3 Million, EBIDTA of US$ 2.6 Million and PAT of US$ 2.4 Million

MUMBAI, 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 second quarter ended September 30, 2015.

Performance Highlights for the quarter ended September 30, 2015:

  • Revenue for the quarter at Rs. 7,954 lacs (US$ 12.3 million)
    • Up by 8.2% QoQ from Rs. 7,351 lacs (US$ 11.6 million) in FY16 Q1
    • License & Implementation at 32%, Managed Services at 31% & Support at 37% of the total revenues
  • EBIDTA ex forex for the quarter at Rs. 1,707 lacs (US$ 2.6 million)
    • Up by 64.5% QoQ from Rs. 1,038 lacs (US$ 1.6 million) in FY16 Q1
  • Operating Profit ex-forex for the quarter at Rs. 1,602 lacs (US$ 2.5 million)
    • Up by 71.2 % QoQ from Rs. 936 lacs (US$ 1.5 million) in FY16 Q1
  • Profit after Tax (PAT) for the quarter at Rs. 1,560 lacs (US$ 2.4 million)
    • Up by 428.4 % QoQ from Rs. (475) lacs (US$ -0.7 million) in FY16 Q1

Surjeet Singh, Managing Director & CEO, Subex Limited said, “We have ended the quarter with an increased EBITDA as well as Profit after Tax. Our recently concluded Subex User Conference 2015 is testimony of our solutions capabilities and assurance of our customer’s support and belief in the company’s strategy and growth. As the industry continues to focus on enhanced efficiency and reduced capital expenditure, the prospects of Subex continue to be brighter than ever, indicating better performance ahead with our clarity of purpose and mission of stability”.

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 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, 2015
#Forbes’ Global 2000 list, 2015

Subex announces FY16 Q1 Results with Revenue of US$ 11.58 Million

MUMBAI, INDIASubex 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, 2015.

Performance Highlights for the quarter ended June 30, 2015:

  • Revenue for the quarter at Rs. 7,351 lacs (US$ 11.58 million)
    • Up by 12.79% YoY from Rs. 6,518 lacs (US$ 10.92 million) in FY15 Q1
    • License & Implementation at 27%, Managed Services at 37% & Support at 36% of the total revenues
  • EBIDTA ex forex for the quarter at Rs. 1,038.01 lacs (US$ 1.64 million)
    • Up by 147.48% YoY from Rs. 419 lacs (US$ 0.70 million) in FY15 Q1
  • Operating Profit/(loss) for the quarter at Rs. (207) lacs (US$ 0.33 million) as compared to Rs. (435) lacs (US$ 0.73 million) in the previous year
  • (Loss) / Profit after Tax (PAT) for the quarter at Rs. (474.16) lacs (US$ 0.75 million) as compared to Rs. (2,059.33) lacs (US$ 3.45 million) in the previous year

Surjeet Singh, Managing Director & CEO, Subex Limited said, “We have ended the first quarter of FY16 with positive EBITDA ex forex. Our credit rating has increased considerably. India Ratings and Research (Ind-Ra) has upgraded the ratings on Subex Limited’s bank facilities as follows:

Rs. 1,208.50m fund based limits (reduced from Rs. 1,370m): upgraded to Long-term ‘IND BBB’/ Stable from ‘IND BBB-‘ and Short-term ‘IND A3+’ from ‘IND A3’
Rs. 180m non-fund based limits*: upgraded to Short-term ‘IND A3+’ from ‘IND A3’
(*Rs. 145m of the non-fund based limits is interchangeable with the fund-based limits)

As the industry continues to focus on enhanced efficiency and reduced capital expenditure, the prospects of Subex continue to be brighter than ever, indicating better performance ahead with our clarity of purpose and mission of stability”.

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

Press & Analyst Contact

Sandeep Banga
E-mail : sandeep.banga@subex.com