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BANGALORE: Subex Systems announced that it has registered second quarter profit after tax of Rs 473.91 lakh, up from Rs 452.43 lakh in second quarter last fiscal. Sequentially, profits have grown by 16 per cent while sequential revenues grew by 12.9 per cent.

``We hope to leverage the advantages of our recent acquisitions; cater to existing customers and cross-sell to the customers of the acquired companies, and expect much higher returns from the acquisitions in next fiscal,'' said Mr Subash Menon, President and CEO. The next 12 months looks promising, with about $25 million in the pipeline.

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