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Subex posts Rs 609 cr net loss in Q2'2013

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Manish
New Update

Subex has reported a net loss of Rs 609 crore in the second quarter ended September 30, 2012-13. It posted a revenue of Rs 780 crore in Q2 FY 2013 as against Rs 819 crore in the previous quarter, dip by 4.8% quarter-over-quarter.

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The company said the license and implementation contributed to 43% of the total revenues. Managed services and support, and services contributed to 46% and 11% of the total revenue respectively.

Subex's operating profit stood at Rs 71 crore. For the full year 2013, Subex expects the overall revenues to be USD $ 65-66 million.

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