Every company would like to report these earnings.
India-based OSS/BSS provider Subex, which wrapped up its fiscal year on March 31, says net profit grew a whopping 300 percent year over year. Total product revenue was Rs. 4279.61 million, with net profit at Rs. 838.26 million. EBIDTA (earnings before interest, depreciation, taxes and amortization) was up nearly 50 percent, at Rs. 1400.18 million.
“We end this year on an extremely positive note," said Subash Menon, founder chairman, managing director and CEO, Subex. “We are significantly profitable once again owing to the increased traction of our Revenue Operations Centre (ROCTM) and multimillion-dollar customer wins for our Managed Services offering globally. We are confident that we will continue to sustain this growth both in terms of revenue and profit."
That’s quite a pace to keep, but one Subex is confident it can maintain as its customer relationships get even stronger.
“The changing nature of our contracts has led to deeper relationships with our customers and better visibility and stability," Menon said. “We are confident of much better times ahead."
