Telecom analytics solution provider Subex announced its financial results for the quarter ended December 31, 2017.
Subex posted revenue of Rs 8,643 lacs (+7 percent) as compared with Rs 8,106 lacs in Q2 FY18.
Subex has generated 36 percent revenue from License & Implementation, 32 percent from Managed Services and 32 percent from Support.
EBIDTA of Subex was Rs 1,745 lacs (+57 percent). Subex recorded profit after tax of (PAT) of Rs 361 lacs (+19 percent).
Subex said it bagged a multi-million-dollar deal from a tier 1 telecom company with operations in Middle East and Africa to implement its Business & Application Managed Services.
Subex has also renewed existing Group Framework Agreement (GFA) with a leading African telecommunications company for its ROC Revenue Assurance and ROC Fraud Management Solutions for 5 years.
A leading Latin American telecommunications company has also signed Subex to deploy Subex’s Integrated ROC Revenue Assurance & ROC Fraud Management platform, across their fixed line, mobile and enterprise businesses.
“The quarter has witnessed the closure of a few significant deals and we have also made strides towards improving our products to help CSPs handle the newer challenges that come with digital transformation,” said Surjeet Singh, managing director and CEO of Subex.
Subex will be showcasing its IoT Security and analytics solutions along with its flagship offerings such as ROC Revenue Assurance, ROC Fraud Management, ROC Partner Settlement and ROC Network Asset Management at MWC 2018.