Subex Ltd Net Profit grows 302.54%, EBITDA grows 48.98%
• Total Product Revenue at Rs. 4279.61 mln
• Net Profit (before exceptional items) at Rs. 838.26 mln
Year ended 31 March 2011 – Key Highlights
· Net Consolidated Product Revenue at Rs. 4279.61 mln up from Rs. 3946.46 mln in FY10
· Net Profit (before exceptional items) at Rs. 838.26 mln up from Rs. 208.24 mln in FY10
Bangalore, INDIA: Subex Ltd, a leading global provider of Operations and Business Support Systems (OSS/BSS) for Communications Service Providers, announced today that it has recorded product revenue of Rs. 4279.61 mln for the year ended 31 March 2011. The Net Profit (before exceptional items) for the same period stood at Rs. 838.26 mln up by 302.54%.
Year on year growth of EBITDA has been significant. The company EBITDA for FY11 stood at Rs. 1411.17 mln, up by 48.98% from FY10, and the product EBITDA stood at Rs. 1400.18 mln, up by 48.47%.
Commenting on the business, Subash Menon, Founder Chairman, Managing Director and CEO, said, “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 (ROCTM) 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”.
He further added, “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.”
– ENDS-
About Subex Limited
Subex Limited is a leading global provider of Operations and Business Support Systems (OSS/BSS) that empowers communications service providers (CSPs) to achieve competitive advantage through Business Optimization and Service Agility – 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 enable new service creation, operational transformation, subscriber-centric fulfilment, provisioning automation, data integrity management, revenue assurance, cost management, fraud management and interconnect / inter-party settlement. Subex also offers a scalable Managed Services program and has been the market leader in Business optimization for three consecutive years.
Subex’s customers include 16 of top 20 wireless operators worldwide* and 26 of the world’s 50 biggest# telecommunications service providers. The company has more than 300 installations across 70 countries.
*RCR Wireless list, 2010
#Forbes’ Global 2000 list, 2010
For Further Information contact
Nick Milner
Milner LLP
Mobile: +44 (0)7764 658184
Office: +44 (0)1473 636710
Email: nick.milner@milnerllp.com
