Subex announces FY12 Q1 Results

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Subex announces FY12 Q1 Results Subex has announced that it has recorded Net Consolidated Revenue of Rs.1,169.51 million for the first quarter of FY12. The Order Intake for RMS, the core business of the company, grew 63.12% at US$23 million up from US$14.1 million in FY11 Q1. The Net profit grew 424.46% at Rs.132.27 million - up from Rs.25.22 million in FY11 Q1.

The Product Revenue of the company stood at Rs.1,055.75 million, contributing 90.27 % of the consolidated revenue. The company posted a Product EBITDA of Rs.286.03 million, while the Consolidated EBITDA for the period stood at Rs.271.95 million as compared to Rs.325.81 million in Q1 of FY 2011.

Commenting on the business, Subash Menon, Founder Chairman, Managing Director & CEO, said, "The beginning of the financial year has been promising as we continue to witness increased traction of our industry-leading Revenue Operations Centre (ROC) and Managed Services offering. This is evident in the significant increase in our order intake in our core business, RMS, from US$23 million in FY12 Q1 up from US$14.1 million in FY11 Q1."

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