Subex - Press Release

Subex Ltd announces financial results for FY08 Revenue up by 42 % from FY07
Year ended 31 March 2008 – Key Highlights

Net Consolidated Revenue at Rs. 4,853.39 mn ($ US 121.33 mn), up from
Rs. 3,409.01 mn ($ US 85.23 mn) in FY07

Revenue from Products at 3,615.96 mn ($ US 90.40 mn), up from Rs.
2,287.67 mn ($ US 57.19 mn) in FY07

Net Loss at Rs. 681.04 mn ($ US 17.03 mn), down from a profit of Rs.
675.67 mn ($ US 16.89 mn) in FY07
Quarter ended 31 March 2008 – Key Highlights

Net Consolidated Revenue at Rs. 1,084.77 mn ($ US 27.12 mn)

Revenue from Products at Rs. 783.32 mn ($ 19.58 mn)

Net Loss at Rs. 505.66 mn ($ US 12.64 mn)
Bangalore, INDIA: Subex Ltd, a leading global provider of Operations Support
Systems (OSS) solutions for communications service providers, today announced that
it has recorded a revenue of Rs. 4,853.39 mn ($ US 121.33 mn) and net loss of Rs.
681.04 mn ($ US 17.03 mn), for the year ended 31 March 2008. For the quarter ended
31 March 2008, the revenue stood at Rs. 1,084.77 mn ($ US 27.12 mn) and net loss
at Rs. 505.66 mn ($ US 12.64 mn).
The new order intake in FY08 was Rs. 3440 mn ($ US 86 mn), as against Rs. 1880 mn
($ US 47 mn) in FY07.
The revenue from products for FY08 stood at Rs. 3,615.96 mn ($ US 90.40 mn),
contributing 75% to the total revenue. The revenue from products for Q4 of FY08 was
Rs. 783.32 mn ($ US 19.58 mn), contributing 72% to the total revenue for the period.
Commenting on the business, Subash Menon, Founder Chairman, Managing Director
& CEO, said, “While we had a bad year, we see momentum picking up in order intake.
Further, the integration has resulted in expected annualized cost saving of $ US 12
mn.”
GUIDANCE
Subash Menon also issued the guidance for FY09. "The guidance for FY09, ending
31st March 2009, is $ US 125 mn of product revenue and $ US 12 mn of net profit,” he
said.

Link to the information: http://www.subexworld.com/pdf/FY08%20%20Results.pdf
Link to the presentation: http://www.subexworld.com/pdf/FY08%20Full%20Year%20Results%20Call%20Presentation%20Final.pdf