Subex gains after launching fraud management solution

Subex gained 3.71% to Rs 10.07 at 12:25 IST on BSE after the company announced the launch of a new version of the industry leading fraud management solution, ROC Fraud Management 8.3.

The announcement was made during market hours today, 19 January 2016.

Meanwhile, the BSE Sensex was up 213.18 points, or 0.88%, to 24,401.55.

On BSE, so far 19.87 lakh shares were traded in the counter, compared with an average volume of 46.75 lakh shares in the past one quarter. The stock hit a high of Rs 10.19 and a low of Rs 9.80 so far during the day. The stock hit a 52-week high of Rs 18.35 on 11 August 2015. The stock hit a 52-week low of Rs 9.12 on 16 November 2015.

ROC Fraud Management 8.3 helps to facilitate enhanced real-time detection of complex fraud types. Alongside the new version of ROC Fraud Management, Subex also introduced the Fraud Manager's Toolkit which is a set of tools designed to provide enhanced operational intelligence and best practice measurement metrics to support fast decision making for fraud operations managers.

On a consolidated basis, Subex reported net profit of Rs 15.60 crore in Q2 September 2015 as compared to net loss of Rs 4.75 crore in Q1 June 2015. Net sales rose 8.2% to Rs 79.54 crore in Q2 September 2015 over Q1 June 2015.

Subex is a leading global provider of Business and Operations Support Systems (B/OSS) that empowers communications service providers (CSPs) to achieve competitive advantage through business optimisation - thereby enabling them to improve their operational efficiency to deliver enhanced service experiences to subscribers.

Powered by Capital Market - Live News