• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Port Info

• Ships in Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Bangalore , Jan. 27

SUBEX Systems has registered a third quarter net profit of Rs 8.42 crore, up from Rs 5.14 crore in third quarter of 2003-04, on revenues of Rs 33 crore compared to Rs 22.86 crore in the corresponding period last year.

The Subex board recommended an interim dividend of 10 per cent, besides approving the restructuring of the business by transferring the services business to its wholly-owned subsidiary, Subex Technologies Inc.

"We are focussed on the products space and this restructuring is a statement of our confidence that products will contribute to the topline and to profits," Mr Subash Menon, President and CEO, said.

"Profitability is continuing to increase and we expect our average contract revenue to grow, since we are now in a position to go after larger customers and larger contracts," Mr Menon told Business Line.

Subex Systems plans to expand its customer base in North America and Western Europe. "Our acquisitions have started bearing results and have contributed 22 per cent of revenues, but we will now start leveraging them in these markets," he said, adding that all the customers of the acquired companies were staying on and would eventually migrate to Subex's products.

The company is working on a new product in the revenue maximisation space, said Mr Menon.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Indigo Lever picks up stake in tech park

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line