Subex profit grows fourfold
Subex posted a 302.54% growth in profits for fiscal year 2011 with $108.09 million while revenue reached $93.91 million.
Such growth was driven by Subex winning more than 25 deals for its revenue operations center (ROC) for fraud management and revenue assurance during the year.
Many of the deals were multi-network, multi-million dollar managed service contracts spanning 2-3 years.
Subex’s ROC revenue assurance is designed not only to detect potential revenue loss, but also to assist an operator with its investigation, diagnosis and recovery of these revenues.