Telecom analytics solution provider Subex has posted revenue of Rs 75.91 crore (–0.3 percent), EBITDA of Rs 4.48 crore and profit after tax of Rs 3.95 crore in Q1 2018-19.
Subex generated 26 percent revenue from License & Implementation, 40 percent from Managed Services and 34 percent from Support.
Subex earlier announced a multi-million-dollar contract from Optus, a leading telecom operator in Australia, to deploy its ROC Network Asset Management solution.
“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,” Vinod Kumar, managing director and CEO of Subex, said in a statement.
Subex said it has bagged several long-term Managed Services contracts. Subex is also gaining from its recently launched IoT Security offering.