Subex, a global provider of Operations and Business Support Systems (OSS/BSS) for communications service providers, announced it recorded product revenue of Rs. 4279.61 million for the year ended 31 March 2011. The net profit (before exceptional items) for the same period stood at Rs. 838.26 million, recording a growth of 302.54 percent.
Year on year growth of EBITDA has been significant. EBITDA for FY11 stood at Rs. 1411.17 million, up by 48.98 percent from FY10, and the product EBITDA stood at Rs. 1400.18 million, up by 48.47 percent, Subex said in a statement.
We end this year on an extremely positive note. We are significantly profitable once again owing to the increased traction of our Revenue Operations Centre (ROC) and multi-million dollar customer wins for our Managed Services offering globally.We are confident that we will continue to sustain this growth both in terms of revenue and profit, said Subash Menon, founder chairman, managing director and CEO.
The changing nature of our contracts has led to deeper relationships with our customers and better visibility and stability. We are confident of much better times ahead”, Menon added.
By TelecomLead.com Team