Subex Net Profit Zooms To Rs 100.3 Crore
Subex Ltd, a provider of Operations and Business Support Systems for Communications Service Providers, recorded revenue of Rs 463.1 crore for the financial year ended March 2010.
The company's net profit for the period under review stood at Rs 100.3 crore.
The company's EBITDA for fiscal '10 increased by 43% at Rs 94.7 crore while the product EBITDA was Rs 94.4 crore up by 75%.
While commenting on the business, Mr. Subash Menon, Founder Chairman, MD and CEO, stated, "As the figures indicate, FY10 closed on a positive note. We are profitable once again owing to the improved operational efficiency in the past year and in the next two years we will attain the profitability we have enjoyed in the past."
Subex on April 15 announced that it has rolled out ROCcloud, an on-demand Revenue Operations Center or ROC offering suitable for small and medium telecommunication companies.
The telecommunication companies could now have the benefits of the ROC without making direct investment in infrastructure or implementation services.
Subex thinks that ROCcloud could tackle the vital requirement of small and medium telecommunication companies, the need to get the most out of business, in the most practical manner. (With Inputs from Agencies)