Subex''s net profit up 424.46 pc in Q1 FY 12
PTI | 08:07 PM,Jul 27,2011Mumbai, Jul 27 (PTI) Subex Ltd, a leading global provider of operations and business support systems (OSS/BSS) for communications service providers, today announced that its net profit grew 424.46 per cent at Rs 13.22 crore up in Q1 FY 12 from Rs 2.52 crore in Q1 FY 11. The company has recorded net consolidated revenue of Rs 116.95 crore for the first quarter of FY 12. The order intake for Revenue Maximisation Solutions (RMS), the core business of the company, grew 63.12 per cent at USD 23 million up from USD 14.1 million in FY 11 Q1. The product revenue for the company stood at Rs 105.57 crore contributing to 90.27 per cent of the consolidated revenue. The company posted a product EBITDA of Rs 28.60 crore while the consolidated EBITDA for the period stood at Rs 27.19 crore as compared to Rs 32.58 crore in Q1 of FY 2011. Commenting on the business, Subash Menon, Founder Chairman, Managing Director and CEO, said, "The beginning of the financial year has been promising as we continue to witness increased traction of our industry leading Revenue Operations Center (ROC) and Managed Services offering. This is evident in the significant increase in our order intake in our core business, RMS, from USD 23 million in FY 12 Q1 up from USD 14.1 million in FY 11 Q1." 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.
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