Subex has announced that it has recorded Net Consolidated Revenue of Rs. 1169.51 mn for the first quarter of FY12. The Order Intake for RMS, the core business of the company, grew 63.12% at US $ 23 mn up from US $ 14.1 mn in FY11 Q1. Net Profit grew 424.46% at Rs. 132.27 mn up from Rs. 25.22 mn in FY11 Q1.
The Product Revenue for the company stood at Rs. 1055.75 mn contributing to 90.27 % of the consolidated revenue. The company posted a Product EBITDA of Rs. 286.03 mn while the Consolidated EBITDA for the period stood at Rs. 271.95 mn as compared to 325.81 mn in Q1 of FY 2011.
Subash Menon, Founder Chairman, MD and CEO said, "The beginning of the financial year has been promising as we continue to witness increased traction of our industry leading Revenue Operations Center (ROC) and Managed Services offering. This is evident in the significant increase in our order intake in our core business, RMS, from US $ 23 mn in FY12 Q1 up from US $ 14.1 mn in FY11 Q1."
