Subex announces FY19 Q2 Results with Revenue of INR 8,806 lacs and EBIDTA of INR 1,519 lacs

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

Performance Highlights for the quarter ended September 30, 2018:

• Revenue for the quarter at INR 8,806 lacs

Up by 9% YoY from INR 8,106 lacs in FY18 Q2

• Profitability

EBIDTA for the quarter at INR 1,519 lacs which is more than double of INR 740 lacs in FY18 Q2

Profit after Tax (PAT) for the quarter at INR 631 lacs which is more than double of INR 304 lacs in FY18 Q2

• Highlights of the Quarter

Town of Florence, Arizona, USA has chosen Subex 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 IoT Security in key markets through partnerships and participation in summits such as Singapore Cyber Security Week and Mobile World Congress Americas.

• Key Appointments

Mr. G S Venkatraman appointed as Chief Financial Officer effective 30th November 2018. Venkatraman joins Subex from Mindtree where he was the Financial Controller. He has over 20+ years of experience across all facets of the Finance function

Mr. Shankar Roddam appointed as Chief Operating Officer w.e.f. December 5th, 2018. Shankar, a veteran of 22 years, returns to the company for a second stint from Plivo. Previously, Shankar worked with Subex for 10 years where he was part of the Executive team in the capacity of Head – Emerging Markets and played a key role in establishing and setting up the Sales and Channel network in emerging markets. He also played an instrumental role during the initial growth phase of Subex. Shankar brings with him extensive international experience and the ability to scale businesses in highly competitive environments in the SaaS space

Vinod Kumar, Managing Director & CEO, Subex Limited said, “Every organization today has started on their digital transformation journey in some form or the other. To drive real business value from this transformation, these organizations 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.”