Subex's quarterly profit jumps 19 percent year-on-year

Telecom software provider Subex reported revenue of INR 810.6 million for its fiscal quarter ended 31 December 2017, which represents an increase of 7 percent from the previous quarter. License and implementation accounted for 36 percent of total revenues, while managed services accounted for 32 percent, and Support for 32 percent of total revenues for the quarter. EBITDA ex-forex jumped 57 percent year-on-year to INR 174.5 million, and net profit for the quarter amounted to INR 3.6 million, up 19 percent from INR 3 million a year ago.