Subex Ltd, a leading global provider of Business and Operations Support Systems (B/OSS) for Communications Service Providers, recently announced its financial results for the year ended March 31, 2014.

Performance Highlights for the period ended March 31, 2014 Revenue from Product Business for the year at Rs. 34,005 lacs (US$ 58.0 million) and for the quarter at Rs. 8,541 lacs (US$ 14.20 million)

— Up by 10.64% YoY from Rs. 30,734 lacs (US$ 57.2 million)
— License & Implementation at 40%, Managed Services at 27%, Support at 33% of the total revenue for the year
EBIDTA ex forex for the year at Rs. 8,678 lacs (US$ 14.8 million) and for the quarter at Rs. 2,376 lacs (US$ 4.0 million)
— Up by 77.7 % YoY from Rs. 4,882 lacs (US $ 8.6 million)
— Operating Profit ex-forex for the year at Rs. 7,978 lacs (US$ 13.2 million) and for the quarter at Rs. 1.728 lacs (US$ 2.87 million)
— Up by 79 % YoY from Rs. 4,455.00 lacs (US$ 7.67 million)
— Profit after Tax (ex forex) for the year at Rs. 517 lacs (US$ 8.6 million) and for the quarter at Rs. 131 lacs (US$ 2.17 million)
— Up by 110.44 % YoY from a loss of Rs. 5,049 lacs (US$ 9.3 million)
— Forex loss for the year at Rs. (1,678) lacs (US$ 2.78 million) as compared to forex loss of Rs. (655.00) lacs (US$ 1.21 million) for the previous quarter

Surjeet Singh, Managing Director & CEO, Subex Limited said, “We have ended another strong year with significant increase in our EBITDA of 77.7% and our operating margins are up by 79% as compared to year. Our performance is true testimony of our clarity of purpose and mission of stability. Our Bangalore and London office were recently certified the ISO 27001 certificate and we were jointly awarded the prestigious GTB Innovation Award 2014 along with Telstra for Business Service Innovation. These industry recognitions are a testimony of our sustained focus on product innovation and on strategic growth areas such as ROC Asset Assurance and Managed Services, and we will strive hard to continue to invest in improving our solutions to meet the dynamic needs of the telecom industry”
“India ratings & Research Pvt. Ltd. has accorded Subex an Investment grade rating in respect of our Bank borrowings”, he added.