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Friday, Jul 30, 2004

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Subex Q1 net up 26 pc

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BANGALORE: Telecom software firm Subex Systems has reported a growth of 26.79 per cent in net profit and 18 per cent in its revenues for the quarter ended June 30, 2004, compared to the corresponding period last year.

The company reported a net profit of Rs 4.07 crore on revenues of Rs 22.62 crore for the June quarter this fiscal as against a net of Rs 3.21 crore on revenues of Rs 19.14 crore in the first quarter last year. Sales from products stood at Rs 8.17 crore (Rs 8.20 crore), while revenues from services stood at Rs 14.45 crore (Rs 10.94 crore).

Meanwhile, the board of directors of Subex on Thursday approved raising the FII Investment limit in the company to up to 74 per cent of the paid-up equity capital subject to the approval of shareholders.

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