Good Q3 for Subex Dented by Forex Swing

The fundamentals of Subex, the Indian RA vendor, continue to look stronger and stronger, after they posted solid results for their third quarter. Profits before exceptionals doubled year-on-year. However, whilst last year’s figures benefited from a major exceptional forex gain on borrowings, this year saw a modest exceptional loss. This dragged down PAT after exceptionals to below that seen last year. Looking beyond such fluctuations, Subex’s management have a lot of reason to be happy. Most especially they are generating a higher proportion of income from products sold to established customers. This should guarantee that the profitable core of Subex’s business is increasingly long-term and secure.

Eric Priezkalns
Eric Priezkalns
Eric is the Editor of Commsrisk. Look here for more about the history of Commsrisk and the role played by Eric.

Eric is also the Director of the Risk & Assurance Group (RAG), a global association of professionals working in risk management and business assurance for communications providers.

Previously Eric was Director of Risk Management for Qatar Telecom and he has worked with Cable & Wireless, T‑Mobile, Sky, Worldcom and other telcos. He was lead author of Revenue Assurance: Expert Opinions for Communications Providers, published by CRC Press. He is a qualified chartered accountant, with degrees in information systems, and in mathematics and philosophy.