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

Subex announces FY15 Results with PAT growth of 340% Board approves reset of FCCB conversion price to Rs.13.0 per share

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 year ended March 31, 2015.

Performance Highlights for the period ended March 31, 2015

  • Revenue for the year at Rs.35,983 lacs (US$ 59 million) and for the quarter at Rs.11,216 lacs (US$ 18.1 million)
    • Up by 5.8% YoY (Rs.1,978 lacs) from Rs.34,005 lacs in FY14
    • Up by 21.9% QoQ ( Rs.2,017 lacs) from Rs.9,199 lacs in FY15 Q3
    • License & Implementation at 36%, Managed Services at 34%, Support at 30% of the total revenue for the year
  • EBIDTA ex-forex for the year at Rs.9,259 lacs (US$ 15.0 million) and for the quarter at Rs.3,967 lacs (US$ 6.5 million)
    • Up by 6.7% YoY from Rs.8,677 lacs (US$ 14.8 million) in FY14
    • Up by 56.9% QoQ from Rs.2,529 lacs (US$ 4.1 million) in FY15 Q3
  • Operating Profit ex-forex for the year at Rs.8,857 lacs (US$ 14.5 million) and for the quarter at Rs.3,874 lacs (US$ 6.3 million)
    • Up by 5.1% YoY from Rs.8,429 lacs (US$ 14.3 million) in FY14
    • Up by 58.6% QoQ from Rs.2,443 lacs (US$ 4.0 million) in FY15 Q3
  • Profit after Tax (ex-forex) for the year at Rs.2,270 lacs (US$ 3.7 million) and for the quarter at Rs.2,253 lacs (US$ 3.6 million)
    • Up by 340% YoY from Rs.516 lacs (US$ 0.9 million) in FY14
    • Up by 212% QoQ from Rs.722 lacs (US$ 1.2 million) in FY15 Q3
    • Forex loss for the year at Rs.1,250 lacs (US$ 2.05 million) as compared to forex loss of Rs.1,677 lacs (US$ 2.9 million) for the previous year

FCCB Conversion
The Board in its meeting today has also approved the reset of conversion price of the FCCB III which are convertible into equity shares of the Company, from Rs.22.79 to Rs.13.00 per equity share. As a result of the reset of conversion price, subject to necessary approvals, the said bonds as currently outstanding of face value of US $76.53 million would potentially be converted into 329,988,530 shares at an exchange rate of Rs.56.05.

Surjeet Singh, Managing Director & CEO, Subex Limited said, “We have ended another strong year with an EBITDA of 25.7%. We have been jointly awarded the prestigious GTB Innovation Award 2015 along with Mobily for Business Service Innovation. This prestigious industry recognition is testimony of our sustained focus on product innovation done along with our customers. Our domain expertise ensures a deep understanding of the challenges and opportunities that operators face today and empowers us to solve them with advanced technology. We remain firmly committed to delivering enhanced value to all our stakeholders and feel confident that we will achieve outstanding results through focus on our core and growth areas as well as efficient execution.”

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

Subex announces FY15 Q3 Results with Revenue of US$ 15 Million and EBIDTA of US$ 4.1 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 third quarter ended December 31, 2014.

Performance Highlights for the quarter ended December 31, 2014:

  • Revenue for the quarter at Rs. 9,199 lacs (US$ 15.0 million)
    • Up by 2% QoQ from Rs 9,050 lacs (US$ 15.0 million) in FY15 Q2
    • License & Implementation at 37%, Managed Services at 33% & Support at 30% of the total revenues
  • EBIDTA ex forex for the quarter at Rs. 2,529 lacs (US$ 4.1 million)
    • Up by 8% QoQ from Rs. 2,352 lacs (US$ 3.9 million) in FY15 Q2
  • Operating Profit ex-forex for the quarter at Rs. 2,442 lacs (US$ 3.9 million)
    • Up by 4.3 % QoQ from Rs. 2,250 lacs (US$ 3.7 million)
  • Profit after Tax (PAT) for the quarter at Rs. 674 lacs (US$ 1.1 million) as against gain of Rs. 962 lacs (US$ 1.6 million) for the last quarter
  • YOY Profit after Tax (PAT) up from loss of (Rs. 844 lacs) to profit of 674 lacs.

Surjeet Singh, Managing Director & CEO, Subex Limited said, “We have ended the third quarter strongly with increased positive EBITDA and ex forex Operating Profit. 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

Subex announces FY15 Q2 Results with Revenue of US$ 15 Million and EBIDTA of US$ 3.9 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, 2014.

Performance Highlights for the quarter ended September 30, 2014:

  • Revenue for the quarter at Rs. 9,050 lacs (US$ 15 million)
    • Up by 38.9% QoQ from Rs 6,518 lacs (US $ 10.9 million) in FY15 Q1
    • License & Implementation at 24%, Managed Services at 38% & Support at 38% of the total revenues
  • EBIDTA ex forex for the quarter at Rs. 2,352 lacs (US$ 3.9 million)
    • Up by 461% QoQ from Rs. 419 lacs (US $ .70 million) in FY15 Q1
  • Operating Profit ex-forex for the quarter at Rs. 2,250 lacs (US$ 3.7 million)
    • Up by 744 % QoQ from Rs. 266 lacs (US$ .45 million)
  • Profit after Tax (PAT) for the quarter at Rs. 962 lacs (US$ 1.6 million) as against loss of Rs. 2,060 lacs (US$ 3.50 million) for the last quarter.

Surjeet Singh, Managing Director & CEO, Subex Limited said, “We have ended the quarter strongly with increased positive EBITDA and increase in ex forex Operating Profit. Our recently concluded Subex User Conference 2014 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 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

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

Subex announces FY14 Results with strong EBITDA growth of 77.7% YoY

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 year ended March 31, 2014.

Performance Highlights for the period ended March 31, 2014

  • Revenue from Product Business for the year at Rs. 34,005 lacs (US$ 58.0 million) and for the quarter at Rs. 8,541 lacs (US$ 14.20 million)
    • Up by 10.64% YoY from Rs. 30,734 lacs (US$ 57.2 million)
    • License & Implementation at 40%, Managed Services at 27%, Support at 33% of the total revenue for the year
  • EBIDTA ex forex for the year at Rs. 8,678 lacs (US$ 14.8 million) and for the quarter at Rs. 2,376 lacs (US$ 4.0 million)
    • Up by 77.7% YoY from Rs. 4,882 lacs (US$ 8.6 million)
  • Operating Profit ex-forex for the year at Rs. 7,978 lacs (US$ 13.2 million) and for the quarter at Rs. 1,728 lacs (US$ 2.87 million)
      • Up by 79% YoY from Rs. 4,455.00 lacs (US$ 7.67 million)
  • Profit after Tax (ex forex) for the year at Rs. 517 lacs (US$ 8.6 million) and for the quarter at Rs. 131 lacs (US$ 2.17 million)
      • Up by 110.44% YoY from a loss of Rs. 5,049 lacs (US$ 9.3 million)
      • Forex loss for the year at Rs. (1,678) lacs (US$ 2.78 million) as compared to forex loss of Rs. (655) lacs (US$ 1.21 million) for the previous quarter

Surjeet Singh, Managing Director & CEO, Subex Limited said, “We have ended another strong year with significant increase in our EBITDA of 77.7% and our operating margins are up by 79% as compared to year. Our performance in the past quarter is true testimony of our clarity of purpose and mission of stability. Our Bangalore and London office were recently certified the ISO 27001 certificate and we were jointly awarded the prestigious GTB Innovation Award 2014 along with Telstra for Business Service Innovation. These industry recognitions are a testimony of our sustained focus on product innovation and on strategic growth areas such as ROC Asset Assurance and Managed Services, and we will strive hard to continue to invest in improving our solutions to meet the dynamic needs of the telecom industry”

India ratings & Research Pvt. Ltd. has accorded Subex an Investment grade rating in respect of our Bank borrowings”, he added.

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; 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

Subex announces FY14 Q3 Results with strong EBITDA growth of 27%

Mumbai, India Subex Ltd, a leading global provider of Business Support Systems (BSS) for Communications Service Providers, today announced its financial results for the third quarter ended December 31, 2013.

Performance Highlights for the quarter ended December 31, 2013

  • Revenues for the quarter at Rs. 9,144 lacs (US$ 15.3 million)
    • Up by 7% QoQ from Rs 8,544 lacs
    • License & Implementation at 43%, Managed Services at 25%, Support at 32% of the total revenue
  • EBIDTA ex forex for the quarter at Rs. 2,645 lacs (US$ 4.4 million)
    • Up by 27% QoQ from Rs. 2,088 lacs (US $ 3.6 million)
  • Operating Profit ex-forex for the quarter at Rs. 2,585 lacs (US$ 4.3 million)
    • Up by 27.5 % QoQ from Rs. 2,028 lacs (US$ 3.43 million)
  • Profit after Tax (ex forex) for the quarter at Rs. 535 lacs (US$ 0.9 million)
    • Up by 16 % QoQ from Rs. 461.6 lacs (US$ 0.78 million)
    • Forex Gain/(loss) for the quarter at Rs. (1,379) lacs (US$ -2.30 million) as compared to forex gain/(loss) of Rs. (305) lacs ( US$ -0.52 million) for the previous quarter

Surjeet Singh, Managing Director & CEO, Subex Limited said, “We have ended another strong quarter. There is a significant increase in our EBITDA of 27% and our operating margins are up by 27.5% as compared to last quarter. Our performance in the past quarter is true testimony of our clarity of purpose and mission of stability. We recently won five new customer deals, worth USD $10 million, across key emerging markets and going forward are extremely optimistic about our order pipeline. With positive market momentum and uptake of our ROC Asset Assurance and Managed Services offerings, we are confident of gaining greater business traction going forward.”

About Subex Limited

Subex Limited is a leading global provider of Business Support Systems (BSS) 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 Cente (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 for 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, 2013

Subex announces FY14 Q2 Results

MUMBAI, INDIA Subex Ltd, a leading global provider of Business Support Systems (BSS) for Communications Service Providers, today announced its financial results for the second quarter ended September 30, 2013.

Performance Highlights for the quarter ended September 30, 2013

  • Revenues for the quarter at Rs. 8,544 lacs (US$ 14.5 million)
    • Up by 10 % QoQ from Rs 7,776 lacs
    • License & Implementation at 41%, Managed Services at 26%, Support at 33% of the total revenue
  • EBIDTA for the quarter at Rs 2,088 lacs (US$ 3.6 million)
    • Up by 38% QoQ from Rs. 1,519 lacs (US $ 2.7 million)
  • Operating Profit ex-forex for the quarter at Rs. 2,028 lacs (US$ 3.43 million)
    • Up by 40 % QoQ from Rs. 1,452 lacs (US$ 2.61 million)
  • Profit after Tax (ex forex) for the quarter at Rs. 461.6 lacs (US$ 0.78 million)
    • Up by 234 % QoQ from Rs. 345 lacs (US$ -0.63 million)
    • Forex Gain/(loss) for the quarter at Rs. (305) lacs (US$ 0.52 million) as compared to forex gain/(loss) of Rs. 1091 lacs ( US$ 1.96 million) for the previous quarter

Surjeet Singh, Managing Director & CEO, Subex Limited said, “We have ended the quarter strongly with increased positive EBITDA of 24.5% and increase in ex forex Operating Profit by 40%. With renewed focus on our core products and with increased market momentum for our ROC Asset Assurance solution, we are fairly optimistic going ahead. Our recently concluded Subex User Conference 2013 is testimony of our solutions capabilities and assurance of our customer’s support and belief in the company’s strategy and growth.”

About Subex Limited

Subex Limited is a leading global provider of Business Support Systems (BSS) 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 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 and has been the market leader in Revenue Assurance and Fraud Management for 2 years in a row according to Gartner (2010 & 2011). Subex has also been enjoying market leadership in Business Optimisation for five consecutive years according to Analysys Mason (2007, 2008, 2009, 2010 & 2011). Business Optimisation includes fraud, revenue assurance, analytics, cost management and credit risk management. Subex has been awarded the Global Telecoms Business Innovation Award for 2012 along with Idea Cellular and 2011 along with Swisscom for fraud management. Subex has also been awarded the Global Market Share Leader in Financial Assurance 2012 by Frost & Sullivan.

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, 2013

Subex announces FY14 Q1 Results PAT increases 246%, company successfully maintains EBIDTA > 19%

BANGLORE, INDIA  Subex Ltd, a leading global provider of Business Support Systems (BSS) for Communications Service Providers, today announced its financial results for the first quarter ended June 30, 2013.

Performance Highlights for the quarter ended June 30, 2013

  • Profit after Tax (PAT) for the quarter at Rs. 742 lacs (US$ 1.3 million)
    • Up by 246% from loss after tax of Rs. 509 lacs (US$ 0.9 million) in FY13Q1
  • EBIDTA for the quarter at Rs. 1,519 lacs (US$ 2.7 million)
    • At 19.5% compared to loss of Rs. 66 lacs (US$ 0.1 million) in FY13Q1
  • Product Revenue for the quarter at Rs. 7,776 lacs (US$ 14 million)
    • Up from Rs. 7,096 lacs (US$ 12.8 million) in FY13Q1
    • License & Implementation at 40%, Managed Services at 29% & Support at 32% of the total revenues
  • Operating Profit ex-forex for the quarter at Rs. 1,453 lacs (US$ 2.6 million)
    • Up from a loss of Rs. 192 lacs (US$ 0.3 million) in FY13Q1
  • Free cash flow of Rs. 3,832 lacs (US$ 6.5 million)

Surjeet Singh, CEO & Managing Director, Subex Limited said, “We are pleased with our operating results for the quarter. The business is stable, we are winning new customers and more importantly we are not only profitable on sustainable basis but also cash positive at operating level. Strategically, we are now expanding to help our customers manage network Capex through our path-breaking Asset Assurance portfolio which we believe will provide growth impetus to the company in coming period. Parallely, we are creating Subex 2.0 to move aggressively into Analytics to service our customers holistically.”

Vinod Kumar, Chief Operating Officer, Subex Limited said, “We have maintained the EBITDA at around 20% and increased our PAT by 246% through a sharpened focus on our core products and increased traction of our long-term sustainable Managed Services offering.” He added, “The first quarter of this financial year has been a record quarter for us, having won more than 10 key Managed Services contracts for our core offerings, mostly for Tier 1 operators in North America and Europe region. With positive market momentum and uptake on the concept of network capex management through ROC Asset Assurance, we are confident of gaining further traction and growing our revenues as we move forward.”

About Subex Limited

Subex Limited is a leading global provider of Business Support Systems (BSS) 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 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 and has been the market leader in Revenue Assurance and Fraud Management for 2 years in a row according to Gartner (2010 & 2011). Subex has also been enjoying market leadership in Business Optimisation for five consecutive years according to Analysys Mason (2007, 2008, 2009, 2010 & 2011). Business Optimisation includes fraud, revenue assurance, analytics, cost management and credit risk management. Subex has been awarded the Global Telecoms Business Innovation Award for 2012 along with Idea Cellular and 2011 along with Swisscom for fraud management. Subex has also been awarded the Global Market Share Leader in Financial Assurance 2012 by Frost & Sullivan.

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, 2013

Subex announces FY13 Results

BANGALORE, INDIA Subex Ltd, a leading global provider of Business Support Systems (BSS) for Communications Service Providers, today announced its financial results for the fourth quarter ended March 31, 2013.

Performance Highlights for the quarter ended March 31, 2013

  • EBIDTA for the quarter at US$ 3.8 million (Rs. 205 million) and for the year is US$ 8.6 million (Rs. 460.3 million)
    • Up by 1.6% QoQ from US$ 3.7 million (Rs. 202 million)
  • Proforma Operating Profit ex-forex for the quarter at US$ 3.61 million (Rs. 195.7 million) and for the year at US$ 7.8 million (Rs. 418 million)
    • Up by 2.2% QoQ from US$ 3.5 million (Rs. 192.50 million)
  • Revenues for the quarter at US$ 14.73 million (Rs. 799.60 million)
    • Down by 11.74% QoQ from US$ 16.06 million (Rs. 906 million)
    • License & Implementation at 44.56%, Managed Services & Support at 54.98% and Services at 0.46% of the total revenues
  • Revenues for the year (FY13) at US$ 60.86 million (Rs. 3,305.80 million)
    • Down by 30.82% YoY from US$ 88.02 million (Rs. 4,778.30 million)
    • License & Implementation at 43%, Managed Services & Support at 50% and Services at 7% of the total revenues
  • Operating Profit for the quarter at US$ 2.8 million (Rs. 151.70 million) and for the year at US$ 6.4 million (Rs. 351 million)
    • Down by 46.4% QoQ operating profit from US$ 4.19 million (Rs. 227.7 million)
    • Forex loss for the quarter at US$ -0.81 million (Rs. -44.10 million) as compared to forex gain of US$ 0.65 million (Rs. 35.20 million) for the previous quarter
  • Finance Costs for the quarter at US$ 3.02 million ( Rs. 164.20 million ) as compared to US$ 2.7 million ( Rs. 144.50 million ) in previous quarter due to higher interest on short term borrowing

Surjeet Singh, CEO & MD, Subex Limited said, “We have successfully maintained our market leadership in Revenue Assurance and Fraud Management accordingly to leading analyst firm Gartner* for the third year in a row. Our recently launched solution ROC Asset Assurance is also gaining momentum and has been awarded the prestigious Pipeline Innovation Award 2013#. These industry recognitions are a testimony of our sustained focus on product innovation and on strategic growth areas such as ROC Asset Assurance and Managed Services, and we will strive hard to continue to invest in improving our solutions to meet the dynamic needs of the telecom industry.”

* Gartner, “Market Share: Telecom Operations Management Systems (BSS, OSS and SDP), Worldwide, 2011-2012”  Martina Kurth, Norbert J. Scholz, Kamlesh Bhatia, 26 March 2013

#Subex’s ROC Asset Assurance solution is awarded runners-up in the 2013 Pipeline Innovations Awards 2013 (COMET 2013) in the Big Data and Analytics category.

About Subex Limited
Subex Limited is a leading global provider of Business Support Systems (BSS) 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 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, credit risk management, cost management, route optimization, data integrity management and interconnect / inter-party settlement.

Subex also offers a scalable Managed Services program and has been the market leader in Revenue Assurance and Fraud Management according to Gartner (2010 & 2011). Subex has also been enjoying market leadership in Business Optimisation for five consecutive years according to Analysys Mason (2007, 2008, 2009, 2010 & 2011). Subex has been awarded the Global Telecoms Business Innovation Award for 2011 along with Swisscom for industry’s first successful Risk Reward Share model for fraud management.

Subex’s customers include 28 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.

*GTB Carrier Guide, 2011
#Forbes’ Global 2000 list, 2011

Press & Analyst Contact

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