Subex reports net profit of Rs 132.27 million

Subex, a global provider of
OSS/BSS for communications service providers, recorded net profit of Rs 132.27
million in the first quarter of the current fiscal from Rs 25.22 million in
FY11 Q1, growing 424.46 percent.

Net consolidated
revenue of the company gew to Rs 1169.51 million for the first quarter of FY12.
The order intake for RMS, the core business of the company, grew 63.12 percent
at $23 million from $14.1 million in FY11 Q1.

The product revenue for the company stood at Rs 1055.75
million contributing to 90.27percent of the consolidated revenue.
The company posted a product EBITDA of Rs 286.03
million while the c
onsolidated EBITDA for the period stood at Rs
271.95 million as compared to Rs 325.81 million in Q1 of FY 2011.

The beginning of the financial year has been promising
as we continue to witness increased traction of our industry leading Revenue
Operations Center and Managed Services offering. This is evident in the
significant increase in our order intake in our core business, RMS, from US $23
million in FY12 Q1 up from $14.1 million in FY11 Q1,” said Subash Menon,
founder chairman, managing director and CEO.

By Team
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