February, 2014

Surjeet Singh   I'm very pleased to announce our financial performance for the third quarter ended December 31, 2013. With your support and confidence, we closed the quarter with Revenues at Rs. 9,144 lacs (US$ 15.3 million), up by 7% QoQ from Rs 8,544 lacs, with License & Implementation at 43%, Managed Services at 25% and Support at 32% of the total revenue.

There is a significant increase in our EBITDA of 27% at Rs. 2,645 lacs (US$ 4.4 million), up QoQ from Rs. 2,088 lacs (US $ 3.6 million). Operating Profit ex-forex for the quarter stood at Rs. 2,585 lacs (US$ 4.3 million), up by 27.5 % QoQ from Rs. 2,028 lacs (US$ 3.43 million) while Profit after Tax (ex forex) for the quarter is at Rs. 535 lacs (US$ 0.9 million), up by 16 % QoQ from Rs. 461.6 lacs (US$ 0.78 million).

Our performance in the past quarter is true testimony of our clarity of purpose and mission of stability. We recently won five new customer deals, worth USD $10 million, across key emerging markets and going forward are extremely optimistic about our order pipeline. With positive market momentum and uptake of our ROC Asset Assurance and Managed Services offerings, we believe we will see greater business traction going forward.

On behalf of Subex shareholders and management team, I would like extend my heartfelt thanks for your continued support and confidence in Subex.

Regards,
Surjeet Singh

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Wholesale fraud is on the rise and organisations need to take necessary precautions against it. Findings from a recent survey by Subex and Capacity Media indicate that carriers lost around $6.12 billion to fraud last year. Needless to say, Wholesale Fraud cannot be ignored as cost of doing business any longer and needs a fresh approach in order to be combated.
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Join the Community
The Asset Management Group has been established to provide resources for interested members to collaborate in defining guidelines to set asset policies, track assets and manage the overall corporate balance sheet.

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