Subex profit quadruples in FY 2010
Subex said it recorded product revenue of 4,279.61 million rupees (about 65.3 million euros) for the year ended 31 March 2011.
This put net profit -- before exceptional items -- for the same period at 838.26 million rupees (about 12.8 million euros), up by 302.54%.
Year on year growth of EBITDA reached 49% with 1,411.17 million rupees (about 21.5 million euros) and that for the product EBITDA reached 48.5% with 1,400.18 million rupees (about 21.4 million euros).
CEO Subash Menon said the firm is “significantly profitable once again” owing to the increased traction of our revenue operations centre and multi-million dollar customer wins for our managed services offering globally.