Subex net revenue in Oct-Dec up 5% YoY

Subex posted a 5% yearly increase in net consolidated revenue, reaching $26.05 million in the quarter that ended December 31.
The business support systems provider said it has recorded strong growth and profitability for its product business (business optimization or RMS).
“We continue to have a good market share in business optimization space and the increasing uptake for our Revenue Operations Center and Managed Services offering is proof of the same,” said CEO Subash Menon.
“Our product EBITDA stood at $8.02 million and we expect this to grow in the coming quarter,” Menon added.