Subex Ltd. has announced its financial results for the year ended March 31, 2017.

— Performance Highlights for the year ended March 31, 2017:
— Revenue for the year at Rs.35,733 lacs
— Up by 10.8% YoY from Rs.32,246 lacs in FY16
— License & Implementation at 35%, Managed Services at 33% & Support at 32% of the total revenues

Profitability
— EBIDTA ex forex for the year at Rs. 8,211 lacs up by 14% YoY from Rs. 7,225 lacs
— Profit after Tax (PAT) excluding exceptional items for the year at Rs. 6,567 lacs against loss after tax of Rs. (960) lacs in FY16

Highlights
— Awarded a new multi-million dollar 5-year Framework Contract with BT
— by Swan Mobile, a.s. to provide ROC Fraud Management Solution

Key Appointments
— Mr. Anil Singhvi appointed as Chairman of the Company w.e.f. 25th May, 2017
— Mr. Vinod Kumar Padmanabhan, Chief Operating Officer and Mr. Ashwin Chalapathy, Chief Technology Officer and Head of Service Delivery, Subex Ltd. appointed as Whole Time Directors (WTD) w.e.f. 25th May, 2017

Source: Subex Ltd.