Subex net up 64% to Rs 8.42 crore

BS 200 SCPRECARD

Subex Systems, the Bangalore based telecom software company, reported net profit of Rs 8.42 crore for the three months to December 2004, up 63.6 per cent year on year.

Revenues for the quarter were at Rs 33 crore, up 44.4 per cent year on year. The board has recommended an interim dividend of 10 per cent on the company's equity share capital.

As per the guidance for FY05 issued by the company product revenues are to grow by about 30-35%. The service business is to grow by 7-10% while overall revenue growth will be 15 - 20% and net profit should grow by 25 - 30%.