Subex net loss jumps 12-fold in July-September

Subex revenues for July to September, its second quarter for fiscal 2012, was pegged at $14.3 million, down 4.8% quarter-on-quarter.
 
The company suffered a net loss of $11.2 million, more than twelvefold compared to the previous quarter.
 
Amdocs posted an operating loss of $1.3 million mainly due to foreign exchange losses.
 
The company’s financing costs went up 60% to $2.4 million due to higher FCCB interest.
 
Amdocs expects that its full fiscal year 2013, overall revenues will likely to be within the range of $65 million to $66 million.

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