News

Subex Ltd announces financial results for FY09

Revenue grows 15% over previous year

Quarter ended 31 March 2009 - Key Highlights

• Net Consolidated Revenue at Rs. 1,197.91 mn (USD 25.78 mn) up from Rs. 1,087.29 mn (USD 23.40 mn) in FY08 Q4
• Revenue from Products at Rs. 925.12 mn (USD 19.91 mn) up from Rs. 785.54 mn (USD 16.90 mn) in FY08 Q4

Year ended 31 March 2009 - Key Highlights

• Net Consolidated Revenue at Rs. 5,584.89 mn (USD 120.18 mn) up from Rs. 4,855.91 mn (USD 104.5 mn) in FY08
• Revenue from Products at Rs. 4,384.81 mn (USD 94.36 mn) up from Rs. 3,618.48mn (USD 77.87 mn) in FY08

Bangalore, INDIA: Subex Ltd, a leading global provider of Operations and Business Support Systems (OSS/BSS) for communications service providers, today announced that it has recorded a revenue of Rs. 1,197.91 mn (USD 25.78 mn), for the quarter ended 31 March 2009.

The annual revenue for FY09 stood at Rs. 5,584.89 mn (USD 120.18 mn), posting a 15 percent growth over FY08. Revenue from products was up by 21.18 percent from FY08.

Commenting on the business, Subash Menon, Founder Chairman, Managing Director and CEO, said, "As the figures indicate, we have closed the year well and have recorded a profit operationally. Our efforts to turn around the business have been successful. We are now on a growth track with all hurdles behind us, and we will continue our efforts in building a world-class company."

Subex Limited is a leading global provider of Operations and Business Support Systems (OSS/BSS) that empowers communications service providers to achieve competitive advantage and deliver new service experiences to subscribers. The company pioneered the strategic concept of the Revenue Operations Center (ROC) - a centralized framework for end-to-end control of a service provider's revenue and costs, fostering operational dexterity for sustained profitability.

Subex's software portfolio powers the ROC and its best-in-class solutions enable new service creation, operational transformation, subscriber-centric fulfillment, provisioning automation, revenue assurance, cost management, data integrity management, fraud management and interconnect/interparty settlement.

Subex's customers include 32 of the world's 50 largest service providers. The company has more than 300 installations across 70 countries.

For more information please visit www.subex.com

Forward Looking and Cautionary Statements

Certain statements in this release concerning Subex's products, strategy and future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, market acceptance of Subex's products and services, Subex's ability to implement its growth strategy, competition in Subex's areas of business and general economic conditions affecting the telecom industry.

Further information:

MEDIA CONTACT
Harshita Nair
PUBLIC AFFAIRS
+91 80 66964157
harshita.nair@subex.com

For further Information:
Vivek Padiyar
Perfect Relations
+91 9892306446
vpadiyar@perfectrelations.com