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.

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.