Subex Ltd, a leading global provider of Business Support Systems (BSS) for Communications Service Providers, announced today that it has recorded strong growth and profitability for its Product Business (Business Optimization or RMS). The company has recorded Net Consolidated Revenue of Rs. 1328.69 mn (USD 26.05 mln) for the third quarter of FY12 up from Rs. 1267.72 mln (USD 24.86 mln) in FY11 Q3.
The Order Intake for the Continuing Product Business grew 15.5% at US $ 23.1 mln up from US $ 20 mln in FY11 Q3. Net Profit (before exceptional items) grew at Rs. 285.38 mln (USD 5.60 mln) up from Rs. 240.41 mln (USD 4.71 mln) in FY11 Q3.
The Product Revenue for the company stood at Rs. 1187.29 mn (USD 23.28 mln) contributing to 89.36 % of the consolidated revenue. The company posted a Product EBITDA of Rs 439.76 mln (USD 8.02 mln) while the Consolidated EBITDA for the period stood at Rs. 443.83 mn (USD 8.70 mln) as compared to Rs. 386.63 mln (USD 7.58 mln) in Q3 of FY 2011.
Commenting on the business, Subash Menon, Founder Chairman, Managing Director and CEO, said, “We are extremely happy that the results for this quarter have turned out to be as promising as expected. We continue to have a good market share in Business Optimization space and the increasing uptake for our industry leading Revenue Operations Center (ROC®) and Managed Services offering is proof of the same. Our Product EBITDA stood at Rs. Rs 439.76 mln (USD 8.02 mln) and we expect this to grow in the coming quarter”.