Subex Hardens To Sell The Asset

The company made the announcement before trading hours today, September 20, 2011.

Meanwhile, the BSE Sensex up 167.49 points, or 1% to 16,912.84.

On BSE, 7.39 lakh shares were traded at the front desk at a daily average volume of 5.94 lakh shares in the last quarter.

The share reached a maximum of R 51 and a minimum of Rs 48.55 so far during the day. The action peaked at 94.90 rupees 52 weeks of November 12, 2010 and 52-week low of Rs 41.40 August 19, 2011.

The small-cap stocks outperformed the market over the last month until the September 19, 2011, gaining 11.14% compared to Sensex’s return of 3.74%. The certificates, however, have been below the market in the last quarter, falling 24.84% compared to 6.30% in the Sensex down.

The company has equity of Rs 69.31 crore. Nominal value per share is Rs 10

Subex activation that company is sold is whether service fulfillment solution., NetProvisioning, NetOptimizer and Vector. The decision to sell the company to activation is the result of a change in strategy Subex to focus on its core products, ie ROC solutions and managed services, he added. Subex estimated addressable market size in 2011 to $ 1.56 billion and a market leader in the market to optimize overall business, which includes Revenue Assurance fraud, analysis, cost control and management credit risk.

Commenting on the development, Subash Menon, Founder Chairman, President and CEO of Subex, said that the market is changing and so are the user needs to remain competitive. Market development is toward solutions that will enable the country to combine data insights to launch a customer-oriented decisions in near real time. This allows operators to offer customers a superior experience so profitable. As a leader in the space business optimization, Subex is strategically positioned to benefit from these growth areas through the ROC and services portfolio management. This is why we made a strategic decision to focus on core products, namely solutions ROC (Revenue Assurance, Fraud Management, Settlement Partners, Managing data integrity, etc.) and management services.

He added that the decision and the renewed interest will allow us to expand our sales of more than 20% per year with positive growth in EBITDA and make us a major force in the industry. ”

Subex also said he is bullish on its core business lines seen in Q1 June 2011 results in which the orders taken for the ROC, the loan portfolio grew by 63.12% up to $ 23 million were $ 14.1 million in Q1 June 2010. Current pipeline of the gas company from continuing operations is a valid value of $ 350 million.

Subex consolidated net profit fell 44.92% to 13.23 crore rupees on the 5.99% decline in net sales to RS 110.28 crore in the first quarter, in June 2011 over Q4 March 2011.

Subex has the features and business support systems for communications service providers.


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