Subex net profit grows 424% in Apr-Jun
Subex recorded a net consolidated revenue of 1169.51 million rupees ($26.6 million) for the first quarter of its fiscal year 2012, which ended on June 30.
The order intake for revenue maximization solutions, the core business of the company, grew 63.12% to $23 million, up from $14.1 million in the same quarter of the previous year.
Net profit grew 424.46% year-on-year to 132.27 million rupees ($3 million), up from 25.22 million rupees ($573,000).
Product revenue stood at 1055.75 million rupees ($23.98 million), contributing to 90.27% of the consolidated revenue.