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Subex reports revenues of Rs 880.6 million during quarter ended September 2018

November 01, 2018

Subex, a leading telecom analytics solution provider, has announced its financial results for the quarter ended September 30, 2018.

The company’s revenue increased by 9 per cent from Rs 810.6 million during July-September 2017 to Rs 880.6 million during July-September 2018. In terms of profitability, the company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) more than doubled from Rs 74 million to Rs 151.9 million during the period under consideration. Also, profit after tax (PAT) grew by 107.57 per cent from Rs 30.4 million to Rs 63.1 million during the same period.

Highlights of the reported quarter

  • Partnered with Town of Florence, Arizona, USA to cybersecure their critical public infrastructure. When Florence launches its smart cities project, Subex will continue to be the cybersecurity partner for all projects coming under the plan.
  • Launched new products such as SIP security, machine learning infused fraud management solutions (SIM Box and IRSF), and Analytics Center of Trust (ACT)
  • Increased visibility around internet of things (IoT) security in key markets through partnerships and participation in summits such as Singapore Cyber Security Week and Mobile World Congress Americas.

Vinod Kumar, managing director and CEO, Subex Limited said, “Every organisation today has started on their digital transformation journey in some form or the other. To drive real business value from this transformation, these organisations require the support of strong technology partners to provide innovative solutions. Riding this wave of demand, we are pleased to have ended this quarter on a strong note, having achieved our targets. We closed a number of new marquee customer wins and witnessed good traction from the APAC, MENA, and Africa markets. On the product front, we are continuing to see good traction for our cutting-edge IoT Security solution portfolio and closed our first smart city deal with the Town of Florence, Arizona. We also launched new products like Machine Learning infused Fraud Management solutions (specifically towards SIM Box and IRSF) and analytics solution called ACT (Analytics Centre of Trust). We as a company are continuously evolving to meet our customer’s need and hence it is critical to strengthen our talent pool. We are focussing on hiring the best talent available in the market and deploying training programmes to upskill our current employees. Another positive sign of the great work we are doing is that several ex-Subexians are returning to be part of this exciting journey we have undertaken.”

 
 

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