The Hindu Business Line : Subex net doubles

SUBEX Systems Ltd, the Bangalore-based telecom software company, reported a 110 per cent rise in revenues to Rs 41.21 crore, compared with Rs 22.63 crore in the previous year period.

Net profit was Rs 8.56 crore (Rs 4.07 crore). The company saw greater growth in products and "products have now completely eclipsed services in contributing to revenues,'' said Mr Subash Menon, President and CEO. Products accounted for 65 per cent of quarterly revenues, compared with the 36 per cent in the corresponding previous period.

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