Subex Azure posts impressive 65 pc growth in PAT

Bangalore, Jan 29 (UNI) Subex Azure Ltd, a leading vendor of revenue maximisation solutions for telecom operators, saw an impressive 65 per cent surge in its profit after tax at Rs 191 million in the third quarter of the current fiscal from Rs 116 million during the corresponding period last year.

The company's net consolidated revenue registered an 118 per cent robust growth at Rs 1,062 million from Rs 488 million during the same period last year, a company release here said.

Company Founder, Chairman, Managing Director and CEO Subash Menon said ''the results are a reflection of our performance globally. The company added seven new customers during the third quarter. Subex Azure remains committed to delivering solutions, designed to empower telecom operators gain competitive advantage.'' The company's product revenue saw a rise of 141 per cent to Rs 758 million from Rs 314 million in the third quarter of last year.

Product revenue contributed 71 per cent of the total revenue, the release said.

UNI