Subex net revenues little changed in Q2

Subex's net revenue for the fiscal second quarter to September grew slightly to INR 1.28 billion from INR 1.24 billion in the same period last year. Continuing product business (business optimisation or RMS) revenue increased 26 percent year-over-year. The product revenue for the company stood at INR 1.17 billion, contributing 91.37 percent of the consolidated revenue. The company posted a product EBITDA of INR 381.66 million, while the EBITDA for continuing product business (business optimization or RMS) was INR 451.81 million. Net profit (before exceptional items) grew to INR 248.67 million from INR 196.03 million.